FIRSTENERGY CORP (FE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:FE - US3379321074 - Common Stock
Overall FE gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FE is showing a nice and steady performance.
Besides having an excellent technical rating, FE also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 46.98. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 46.33, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
37.89
We found 5 important support areas.
- A support zone ranging from 45.42 to 46.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 43.08 to 43.50. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @41.43 from a trend line in the weekly time frame.
- Support @39.87 from a horizontal line in the weekly time frame.
- Support @38.27 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 46.98 to 47.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for FE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FE is up. |
| ChartMill Relative Strength | 78.43 | POSITIVE | FE has a high relative strength, it outperformed 78.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.06 | NEUTRAL | The RSI value for FE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests FE has a positive trend. |
| Stochastics (14,3) | 77.21 | NEUTRAL | The Stochastics value for FE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.4 | LOW VOLATILITY | The low ATR as a percentage value for FE suggests low volalility. |
| Average Directional Index/ADX (14) | 18.07 | NEGATIVE | The low ADX value for FE suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 47.71 | 45.46 | 2.25 (4.73%) | 21.16% |
| An entry @47.71. This is a Buy Stop order right above the resistance zone. | An exit @45.46. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.25 points, which is 4.73%. | When investing 21.16% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
46.89
+0.32 (+0.69%)
FIRSTENERGY CORP / FE FAQ
Can you provide the ChartMill technical rating for FIRSTENERGY CORP?
ChartMill assigns a technical rating of 9 / 10 to FE.
What is the current trend direction of FIRSTENERGY CORP (FE) stock?
The current trend direction for FIRSTENERGY CORP (FE) is Bullish.
What is the RSI signal for FIRSTENERGY CORP (FE) stock?
FIRSTENERGY CORP (FE) has an RSI value of 59.064. This indicates that the stock is currently neutral.
What is the short term momentum for FE stock?
The short term momentum for FIRSTENERGY CORP (FE) is positive.
What is the buy/sell signal for FE stock?
The buy/sell signal for FIRSTENERGY CORP (FE) is buy as both the short term and long term trends are positive.