AES, 8th week of a buy in a soft utilities sector
AES closes flat (-0.1%) as sellers seize control of the last session
AES, 8th week of a buy in a soft utilities sector
Our view last week
This week AES shares add 1.4% and buyers swing back in control of volume (67%), flipping last week's seller-dominated tape; price still stays boxed between the resistance of its 7-day high (the 14.81 area) and the support of the daily upper Bollinger Band (the 14.75 area), right as it compresses on its 50-week average. Weekly technical analysis still shows a mixed picture: Signal Strength keeps sliding, down from 38 to 35 out of 100.
This week's summary
Last week buyers had swung back in control of AES; this week the pendulum reverses — the last session sees sellers dominate and volume contract. Price closes nearly flat (-0.1%), boxed between the daily pivot resistance, in the 14.79 area, and the matching daily pivot support, in the 14.73 area, compressing under its 50-week average as the Utilities sector loses ground. AES is 8 weeks into its buy signal, up 0.6% since entry.
IQS Phase
66
in tension
Signal Strength
35
medium · weak
Sizing
REDUCED
Ranking
#94 / 112
US stocks in progress
Trade P&L %
+0.61%
from signal to today
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