American Electric Power Company Inc Stock Forecast
American Electric Power Company Inc stock upgraded to Buy Candidate.
(Updated on Apr 19, 2024)
The American Electric Power Company Inc stock price gained 1.99% on the last trading day (Friday, 19th Apr 2024), rising from $82.56 to $84.20. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.40% from a day low at $82.75 to a day high of $84.74. The price has been going up and down for this period, and there has been a 0.3% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately $444.18 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 8.18% during the next 3 months and, with a 90% probability hold a price between $86.36 and $94.88 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, 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 $81.92 and $83.39. 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 5.90%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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 American Electric Power Company Inc stock
American Electric Power Company Inc finds support from accumulated volume at $84.07 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 $1.99 (2.40%) between high and low. For the last week, the stock has had daily average volatility of 2.34%.
Our recommended stop-loss: $80.82 (-4.02%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (AEP) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect American Electric Power Company Inc to open at $83.89, and during the day (based on 14 day Average True Range), to move between $82.54 and $85.86, which gives a possible trading interval of +/-$1.66 (+/-1.97%) 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 3.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $84.07 (0.15%) than the resistance at $84.95 (0.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.747 Buy Candidate Upgraded
Predicted Opening Price for American Electric Power Company Inc of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $83.89 ( 0.363%) | $84.20 |
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 | 85.88 | 2.00 % | |
| R2 | 85.12 | 1.10 % | ||
| R1 | 84.65 | 0.538 % | ||
| Current price: | 84.20 | |||
| Support | S1 | 83.13 | -1.27 % | |
| S2 | 82.67 | -1.82 % | ||
| S3 | 81.91 | -2.72 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 85.19 | 1.18 % | |
| R2 | 84.99 | 0.94 % | ||
| R1 | 84.95 | 0.89 % | ||
| Current price | 84.20 | |||
| Support | S1 | 84.07 | -0.154% | |
| S2 | 83.32 | -1.05% | ||
| S3 | 82.56 | -1.95% |
AEP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 19, 2024 | Feb 08, 2024 | Mar 08, 2024 | $0.88 | 1.05% |
| 2 | Oct 24, 2023 | Nov 09, 2023 | Dec 08, 2023 | $0.88 | 1.10% |
| 3 | Jul 18, 2023 | Aug 09, 2023 | Sep 08, 2023 | $0.83 | 1.07% |
| 4 | Apr 25, 2023 | May 09, 2023 | Jun 09, 2023 | $0.83 | 0.99% |
| 5 | Jan 24, 2023 | Feb 09, 2023 | Mar 10, 2023 | $0.83 | 0.95% |
FAQ
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