The AES Corporation Stock Forecast

Evaluation of The AES Corporation stock downgraded after the last trading session.
(Updated on Apr 24, 2024)

AES Signals & Forecast

The The AES Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $16.56 and $16.69. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 9.18%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for The AES Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at $16.25 and $16.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, The AES Corporation finds support just below today's level at $16.25. If this is broken, then the next support from accumulated volume will be at $16.00 and $15.76.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.539 between high and low, or 3.19%. For the last week, the stock has had daily average volatility of 2.99%.

Since the The AES Corporation has been rising for 6 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.

Our recommended stop-loss: $16.73 (-3.68%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)

Trading Expectations (AES) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect The AES Corporation to open at $17.24, and during the day (based on 14 day Average True Range), to move between $16.79 and $17.95, which gives a possible trading interval of +/-$0.584 (+/-3.36%) up or down from last closing price. If The AES Corporation takes out the full calculated possible swing range there will be an estimated 6.72% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $17.82 (2.59%) than the support at $16.25 (6.45%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is The AES Corporation stock A Buy?

The AES Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.936 Hold/Accumulate Downgraded

Predicted Opening Price for The AES Corporation of Thursday, April 25, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.