American Electric Power Company Inc Stock Forecast
American Electric Power Company Inc stock downgraded from Strong Buy Candidate to Buy Candidate after Friday trading session.
(Updated on Apr 26, 2024)
The American Electric Power Company Inc stock price fell by -1.84% on the last day (Friday, 26th Apr 2024) from $86.86 to $85.26. During the last trading day the stock fluctuated 2.11% from a day low at $85.24 to a day high of $87.04. The price has risen in 7 of the last 10 days and is up by 3.85% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -244 thousand shares and in total, 3 million shares were bought and sold for approximately $251.06 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.84% during the next 3 months and, with a 90% probability hold a price between $86.64 and $95.08 at the end of this 3-month period.
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AEP Signals & Forecast
The American Electric Power Company Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $85.10 and $83.59. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, April 25, 2024, and so far it has fallen -1.84%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for American Electric Power Company Inc stock
American Electric Power Company Inc finds support from accumulated volume at $85.19 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.80 (2.11%) between high and low. For the last week, the stock has had daily average volatility of 2.12%.
Our recommended stop-loss: $81.30 (-4.64%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (AEP) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect American Electric Power Company Inc to open at $85.85, and during the day (based on 14 day Average True Range), to move between $83.55 and $86.97, which gives a possible trading interval of +/-$1.71 (+/-2.01%) up or down from last closing price. If American Electric Power Company Inc takes out the full calculated possible swing range there will be an estimated 4.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $85.19 (0.08%) than the resistance at $85.56 (0.35%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
American Electric Power Company Inc will release earnings BMO on Tuesday, April 30, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.33. We will update the financials statements for American Electric Power Company Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.89% in the first trading day after earnings release.
Is American Electric Power Company Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for American Electric Power Company Inc stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 3.783 Buy Candidate Downgraded
Predicted Opening Price for American Electric Power Company Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $85.85 ( 0.688%) | $85.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AEP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 87.65 | 2.80 % | |
| R2 | 86.96 | 1.99 % | ||
| R1 | 86.53 | 1.49 % | ||
| Current price: | 85.26 | |||
| Support | S1 | 85.16 | -0.118 % | |
| S2 | 84.73 | -0.617 % | ||
| S3 | 84.05 | -1.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 86.86 | 1.88 % | |
| R2 | 86.37 | 1.30 % | ||
| R1 | 85.56 | 0.352 % | ||
| Current price | 85.26 | |||
| Support | S1 | 85.19 | -0.0821% | |
| S2 | 84.99 | -0.317% | ||
| S3 | 83.32 | -2.28% |
AEP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 23, 2024 | May 09, 2024 | Jun 10, 2024 | $0.88 | 1.03% |
| 2 | Jan 19, 2024 | Feb 08, 2024 | Mar 08, 2024 | $0.88 | 1.05% |
| 3 | Oct 24, 2023 | Nov 09, 2023 | Dec 08, 2023 | $0.88 | 1.10% |
| 4 | Jul 18, 2023 | Aug 09, 2023 | Sep 08, 2023 | $0.83 | 1.07% |
| 5 | Apr 25, 2023 | May 09, 2023 | Jun 09, 2023 | $0.83 | 0.99% |
FAQ
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