American Electric Power $AEP Proactive Strategies

November 01, 2023, 21:30 pm ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for AEP

• Buy AEP slightly over 72.51 target 77.52 stop loss @ 72.3 Details

The technical summary data tells us to buy AEP near 72.51 with an upside target of 77.52. This data also tells us to set a stop loss @ 72.3 to protect against excessive loss in case the stock begins to move against the trade. 72.51 is the first level of support below 76.48 , and by rule, any test of support is a buy signal. In this case, support 72.51 would be being tested, so a buy signal would exist.

• Short AEP slightly under 77.52, target 72.51, stop loss @ 77.74 Details

The technical summary data is suggesting a short of AEP as it gets near 77.52 with a downside target of 72.51. We should have a stop loss in place at 77.74though. 77.52 is the first level of resistance above 76.48, and by rule, any test of resistance is a short signal. In this case, if resistance 77.52 is being tested, so a short signal would exist.

Swing Trading Plans for AEP

• Buy AEP slightly over 77.52, target 82.47, Stop Loss @ 77.3 Details

If 77.52 begins to break higher, the technical summary data tells us to buy AEP just slightly over 77.52, with an upside target of 82.47. The data also tells us to set a stop loss @ 77.3 in case the stock turns against the trade. 77.52 is the first level of resistance above 76.48, and by rule, any break above resistance is a buy signal. In this case, 77.52, 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 77.52, target 76.42, Stop Loss @ 77.74. Details

The technical summary data is suggesting a short of AEP if it tests 77.52 with a downside target of 76.42. We should have a stop loss in place at 77.74 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, 77.52, 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 77.52, target 82.47, Stop Loss @ 77.34 Details

If 77.52 begins to break higher, the technical summary data tells us to buy AEP just slightly over 77.52, with an upside target of 82.47. The data also tells us to set a stop loss @ 77.34 in case the stock turns against the trade. 77.52 is the first level of resistance above 76.48, and by rule, any break above resistance is a buy signal. In this case, 77.52, 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 77.52, target 76.42, Stop Loss @ 77.7. Details

The technical summary data is suggesting a short of AEP if it tests 77.52 with a downside target of 76.42. We should have a stop loss in place at 77.7 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, 77.52, 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 November 01:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Weak
P1	0	0	72.51
P2	75.13	74.51	77.52
P3	76.27	76.42	82.47

AI Generated Signals for AEP

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Don't over think it!  Trading American Electric Power (NYSE: AEP) or any other stock can be rewarding if the simple rules of technical analysis are observed before making any decisions.  This should be an integral part of the investment process.

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This is a static report, the data below was valid at the time of the publication, but support and resistance levels for AEP change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if AEP is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for AEP too.  All of these are offered below the Summary Table.