When the Price of American Electric Power $AEP Talks, People Listen
August 26, 2023, 23:30 pm ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for AEP
- Buy AEP slightly over 77.94 target 83.87 stop loss @ 77.71 Details
The technical summary data tells us to buy AEP near 77.94 with an upside target of 83.87. This data also tells us to set a stop loss @ 77.71 to protect against excessive loss in case the stock begins to move against the trade. 77.94 is the first level of support below 79.33 , and by rule, any test of support is a buy signal. In this case, support 77.94 would be being tested, so a buy signal would exist.
- Short AEP slightly under 83.87, target 77.94, stop loss @ 84.11 Details
The technical summary data is suggesting a short of AEP as it gets near 83.87 with a downside target of 77.94. We should have a stop loss in place at 84.11though. 83.87 is the first level of resistance above 79.33, and by rule, any test of resistance is a short signal. In this case, if resistance 83.87 is being tested, so a short signal would exist.
Swing Trading Plans for AEP
- Buy AEP slightly over 83.87, target 89.56, Stop Loss @ 83.63 Details
If 83.87 begins to break higher, the technical summary data tells us to buy AEP just slightly over 83.87, with an upside target of 89.56. The data also tells us to set a stop loss @ 83.63 in case the stock turns against the trade. 83.87 is the first level of resistance above 79.33, and by rule, any break above resistance is a buy signal. In this case, 83.87, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short AEP slightly near 83.87, target 79.28, Stop Loss @ 84.11. Details
The technical summary data is suggesting a short of AEP if it tests 83.87 with a downside target of 79.28. We should have a stop loss in place at 84.11 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 83.87, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for AEP
- Buy AEP slightly over 80.03, target 83.87, Stop Loss @ 79.84 Details
If 80.03 begins to break higher, the technical summary data tells us to buy AEP just slightly over 80.03, with an upside target of 83.87. The data also tells us to set a stop loss @ 79.84 in case the stock turns against the trade. 80.03 is the first level of resistance above 79.33, and by rule, any break above resistance is a buy signal. In this case, 80.03, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short AEP slightly near 80.03, target 79.28, Stop Loss @ 80.22. Details
The technical summary data is suggesting a short of AEP if it tests 80.03 with a downside target of 79.28. We should have a stop loss in place at 80.22 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 80.03, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for American Electric Power (AEP) available here: AEP.
AEP Ratings for August 26:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Weak |
| P1 |
0 |
0 |
77.94 |
| P2 |
79.21 |
77.62 |
83.87 |
| P3 |
80.03 |
79.28 |
89.56 |
AI Generated Signals for AEP
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of American Electric Power (NYSE: AEP) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for AEP can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for AEP:
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