Weaker Buy Today AEP ranks #170 as BUY CANDIDATE #170 Stronger Buy

AEP stock forecast American Electric Power Company Inc

AEP stock forecast

Friday January 17, 2020 Change 1.28% Price $98.56
Your prediction: Prediction: Request
VOLUME
Buy
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

AEP Forecast and Technical Stock Analysis


Buy candidate since 2020-01-09 Gain 4.99% PDF

American Electric Power Company Inc gained 1.28% in the last trading day ( Friday, 17th Jan 2020 ), rising from $97.31 to $98.56 , and has now gained 8 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the day the stock fluctuated 1.65% from a day low at $97.06 to a day high of $98.66. The price has risen in 9 of the last 10 days and is up by 5.57% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 1.66 million more shares were traded than the day before. In total, 3.84 million shares bought and sold for approximately $378.41 million.

Quick summary:

  • 30 day high of the AEP stock price was $98.66 and low was $92.94.
  • 90 day high was $98.66 and low was $88.17.
  • 52 week high for American Electric Power Company Inc - $98.66 and low - $75.52.
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Trend

American Electric Power Company Inc has broken the weak rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at $98.29, a level that may pose a second chance to hit a runner. According to fan-theory $106.09 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.

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Signals

Only positive signals in the chart today. American Electric Power Company Inc holds buy signals from both short- and long-term moving averages. In addition, 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 $95.76 and $93.46. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday January 03, 2020, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

The stock holds a RSI14 at 79 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

American Electric Power Company Inc finds support from accumulated volume at $96.60.

Support: $96.60 Price: $98.56

Risk

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 $1.60 (1.65%) between high and low. For the last week, the stock has had daily average volatility of 1.10%.

The stock is extremely overbought on RSI14 (79). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken. Since the American Electric Power Company Inc has been rising for 8 days in a row, the risk for the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: $94.19 (-4.43%) (This stock has low daily movements and this gives low risk. The RSI14 is 79 and this increases the risk substantially. There is a buy signal from pivot bottom found 10 days ago.)

1.10 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Strong Buy Candidate Upgraded

Evaluation

American Electric Power Company Inc holds several positive signals and has broken the weak rising trend up. As the stock is also in great technical shape, we therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate candidate.

Weaker Buy Today AEP ranks #170 as BUY CANDIDATE #170 Stronger Buy
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