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AEE Stock Tickeron detected bullish Stock Pattern: Broadening Wedge Ascending AEE on September 25, 2024, netting in a 1.64% gain over 3 weeks

A.I.dvisor
at Tickeron.com
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+1.64% Gain from a Successful pattern Broadening Wedge Ascending
AEE - Ameren Corp
Tickeron
Ticker: AEE
Company: Ameren
Gain: +1.64%
Confirmed: 09/25/24
Succeeded: 10/22/24
Total length: 27 days
On September 25, 2024, A.I.dvisor detected a Broadening Wedge Ascending Pattern (Bullish) for Ameren Corp (AEE, $86.34). On September 25, 2024, A.I.dvisor confirmed the Bullish pattern, setting a target price of $89.18. 27 days later, on October 22, 2024, AEE reached the target price resulting in a for traders who took a long position in the stock.

AEE's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for AEE turned positive on November 11, 2024. Looking at past instances where AEE's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 08, 2024. You may want to consider a long position or call options on AEE as a result. In of 93 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AEE advanced for three days, in of 321 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 311 cases where AEE Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for AEE moved out of overbought territory on November 12, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 34 similar instances where the indicator moved out of overbought territory. In of the 34 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 7 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where AEE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

AEE broke above its upper Bollinger Band on November 08, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. AEE’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 65, placing this stock better than average.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.720) is normal, around the industry mean (1.714). P/E Ratio (16.721) is within average values for comparable stocks, (23.466). Projected Growth (PEG Ratio) (2.799) is also within normal values, averaging (2.620). Dividend Yield (0.035) settles around the average of (0.074) among similar stocks. P/S Ratio (2.572) is also within normal values, averaging (3.109).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

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AEE
Daily Signalchanged days ago
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General Information

a provider of electricity generation and gas distribution services

Industry ElectricUtilities

Profile
Fundamentals
Details
Industry
Electric Utilities
Address
1901 Chouteau Avenue
Phone
+1 314 621-3222
Employees
9372
Web
https://www.amereninvestors.com