FIRSTENERGY CORP. - Daily - Technical analysis published on 11/04/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 47.28 USD
My targets
48.83 USD (+0.97%)
50.87 USD (+5.19%)
My analysis
The bullish trend is currently very strong on FIRSTENERGY CORP.. As long as the price remains above the support at 47.28 USD, you could try to benefit from the boom. The first bullish objective is located at 48.83 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 50.87 USD as an objective. Crossing it would then enable buyers to target 59.58 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The FIRSTENERGY CORP. price is 48.36 USD. On the day, this instrument gained +0.08% and was traded between 48.18 USD and 48.60 USD over the period. The price is currently at +0.37% from its lowest and -0.49% from its highest.48.18
48.60
48.36
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this FIRSTENERGY CORP. chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 43.38 | 46.27 | 47.28 | 48.36 | 48.83 | 50.87 | 59.58 |
| Change (%) | -10.30% | -4.32% | -2.23% | - | +0.97% | +5.19% | +23.20% |
| Change | -4.98 | -2.09 | -1.08 | - | +0.47 | +2.51 | +11.22 |
| Level | Intermediate | Minor | Major | - | Major | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 47.41 | 47.59 | 47.96 | 48.14 | 48.51 | 48.69 | 49.06 |
| Camarilla | 48.17 | 48.22 | 48.27 | 48.32 | 48.37 | 48.42 | 48.47 |
| Woodie | 47.50 | 47.64 | 48.05 | 48.19 | 48.60 | 48.74 | 49.15 |
| Fibonacci | 47.59 | 47.80 | 47.93 | 48.14 | 48.35 | 48.48 | 48.69 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 46.44 | 47.04 | 47.52 | 48.12 | 48.60 | 49.20 | 49.68 |
| Camarilla | 47.71 | 47.81 | 47.91 | 48.01 | 48.11 | 48.21 | 48.31 |
| Woodie | 46.39 | 47.01 | 47.47 | 48.09 | 48.55 | 49.17 | 49.63 |
| Fibonacci | 47.04 | 47.45 | 47.70 | 48.12 | 48.53 | 48.78 | 49.20 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 45.80 | 46.46 | 47.39 | 48.05 | 48.98 | 49.64 | 50.57 |
| Camarilla | 47.88 | 48.03 | 48.17 | 48.32 | 48.47 | 48.61 | 48.76 |
| Woodie | 45.94 | 46.53 | 47.53 | 48.12 | 49.12 | 49.71 | 50.71 |
| Fibonacci | 46.46 | 47.07 | 47.44 | 48.05 | 48.66 | 49.03 | 49.64 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.98 | |
| MACD (12,26,9): | 0.1600 | |
| Directional Movement: | 5.15 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 48.23 | |
| Parabolic SAR (0,02-0,02-0,2): | 47.19 | |
| Elder Ray (13): | 0.36 | |
| Super Trend (3,10): | 47.01 | |
| Zig ZAG (10): | 48.36 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 64.69 | |
| TEMA (21): | 48.00 | |
| Williams %R (14): | -23.03 | |
| Chande Momentum Oscillator (20): | 0.56 | |
| Repulse (5,40,3): | 0.5500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 1.00 |
| MA7: | 47.95 | |
| MA20: | 47.97 | |
| MA50: | 47.53 | |
| MA100: | 45.53 | |
| MAexp7: | 48.07 | |
| MAexp20: | 47.97 | |
| MAexp50: | 47.24 | |
| MAexp100: | 45.78 | |
| Price / MA7: | +0.86% | |
| Price / MA20: | +0.81% | |
| Price / MA50: | +1.75% | |
| Price / MA100: | +6.22% | |
| Price / MAexp7: | +0.60% | |
| Price / MAexp20: | +0.81% | |
| Price / MAexp50: | +2.37% | |
| Price / MAexp100: | +5.64% |
News
Don"t forget to follow the news on FIRSTENERGY CORP.. At the time of publication of this analysis, the latest news was as follows:
- FirstEnergy Announces Third Quarter 2019 Financial Results
- FirstEnergy Crews Making Repairs Following Widespread Rain and Windstorm
- New Potomac Edison Substation Will Enhance Service Reliability in Northern Frederick County
- FirstEnergy Continues Commitment to Downtown Akron by Extending Lease at Corporate Headquarters
- FirstEnergy Partners with Stark State College and The University of Akron to Offer On-Site Higher Learning for Customer Service Employees
This member declared not having a position on this financial instrument or a related financial instrument.
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