AES Corporation Stock Code AES.NYS
Price declined below the cloud 4 days ago and had stayed below the cloud over the past 4 days. In the previous trading session, price was unable to move above the cloud, confirming the bearish price trend. The conversion line and base line had a bearish crossover and is hinting at a bearish price trend ahead. Lagging Span is below price of 26 days ago and is below the cloud, confirming the bearish price trend. The MACD indicator is bearish with both its lines below the zero line. We foresee price moving lower to the previous low at $22.52 in the next 2-3 weeks.
$24.10 Short Sell
$22.52 Price Target
$25.25 Risk Management Stop
3 weeks Trade Duration