FE Stuns With a Huge Move Up, Now Sits Near $39.06

The Hourly View for FE

At the moment, FE (Get Ratings)’s price is down $-0.16 (-0.4%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Out of Utilities stocks, FE ranks 1st in regards to today’s price percentage change.

FE’s Technical Outlook on the Daily Chart

500 – Internal server error This is a reversal of the price action on the previous day, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe. Most noteworthy in the world of moving averages on the daily chart is that the 50 day moving average has been crossed, with price now being above it. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows FE’s price action over the past 90 days.

FE

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FE: Daily RSI Analysis

  • For FE, its RSI is now at 95.6989.
  • FE and RSI both have consistent trends, as they are both heading up.

For FE News Traders

News traders keeping an eye on FE may find value in this recent story:

FirstEnergy (FE) to Post Q2 Earnings: What’s in the Offing?

FirstEnergy’s (FE) earnings are likely to have been impacted by loss in distribution revenues. Cost-management initiatives & stable residential group demand are likely to have boosted its performance.

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