FIRSTENERGY CORP (FE) Stock Technical Analysis
NYSE:FE - New York Stock Exchange, Inc. - US3379321074 - Common Stock - Currency: USD
Taking everything into account, FE scores 1 out of 10 in our technical rating. FE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
68% of all other stocks performed better in the past year than FE.
FE is one of the lesser performing stocks in the Electric Utilities industry. 69% of 47 stocks in the same industry do better.
FE is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
FE has an average volume of 4592900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
FE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FE is lagging the market.
In the last month FE has a been trading in a tight range between 39.27 and 40.90.
Although the technical rating is bad, FE does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 40.70. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 40.21, a Stop Loss order could be placed below this zone.
More info and screens
37.56
45.00
When analyzing the support we can see 2 important areas.
- A support zone ranging from 39.61 to 40.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 37.94 to 38.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 40.70 to 41.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @42.62 from a horizontal line in the daily time frame.
- Resistance @43.50 from a horizontal line in the daily time frame.
- A resistance zone ranging from 44.48 to 44.55. 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 | DOWN | NEGATIVE | The long term trend for FE is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FE is neutral. |
| ChartMill Relative Strength | 32.01 | NEUTRAL | FE is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of FE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.1 | NEUTRAL | The RSI value for FE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests FE has a positive trend. |
| Stochastics (14,3) | 73.94 | NEUTRAL | The Stochastics value for FE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.41 | LOW VOLATILITY | The low ATR as a percentage value for FE suggests low volalility. |
| Average Directional Index/ADX (14) | 22 | NEUTRAL | The ADX value for FE suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
40.39
-0.14 (-0.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg-0.35%
1 Week1.28%
2 Weeks1.15%
1 Month0.45%
3 Month-0.52%
6 Month4.31%
12 Month2.2%
2 Year2.54%
3 Year-1.73%
5 Year39.28%
10 Year18.93%
15 Year7.14%
Volatility
ATR(14)0.55
ATR(20)%1.41%
ATR Inc4.23%
Range Today0.48
ADR(20)0.55
ADR(20)%1.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.01
Mansfield-0.97
10 Day High40.6
10 Day Low39.34
20 Day High40.9
20 Day Low39.28
52 Week High44.97
52 Week Low37.58
CS1 End40.21
CR1 Start40.7
Volume & EV
DER(3)-0.87%
DER(5)-0.66%
Volume2.20M
Volume Incr-41.57%
Vol(5)3.30M
Vol(50)4.59M