Technical Analysis for FE - FirstEnergy Corporation

Grade Last Price % Change Price Change
B 40.26 1.05% 0.42
FE closed up 1.05 percent on Wednesday, May 15, 2024, on 1.17 times normal volume. The bulls were able to push the stock to a new 52-week high. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
New 52 Week Closing High Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
New 52 Week High Strength 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
New Uptrend Bullish 1.05%
Multiple of Ten Bearish Other 1.05%
Gapped Up Strength 1.05%

   Recent Intraday Alerts

Alert Time
Upper Bollinger Band Resistance about 2 hours ago
Possible Pocket Pivot about 2 hours ago
Up 2% about 4 hours ago
Rose Above Previous Day's High about 6 hours ago
New 52 Week High about 6 hours ago

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Profile

FirstEnergy Corporation Description

FirstEnergy Corp., a diversified energy holding company, engages in the generation, transmission, and distribution of electricity in the United States. The company operates in Regulated Distribution, Regulated Transmission, and Competitive Energy Services segments. It owns and operates fossil, hydroelectric, nuclear, and wind and solar generating facilities. The company also provides energy-related products and services to wholesale and retail customers. It operates an electric distribution system, including 266,757 miles of overhead pole line and underground conduit carrying primary, secondary, and street lighting circuits, as well as owns substations with a total installed transformer capacity of approximately 144,776,431 kilovolt-amperes. The company distributes electricity through 10 utility operating companies within 65,000 square miles in Ohio, Pennsylvania, West Virginia, Maryland, New Jersey, and New York. FirstEnergy Corp. was founded in 1996 and is headquartered in Akron, Ohio.


Classification

Sector: Utilities
Industry: Utilities - Diversified
Keywords: S&P 500 Electricity Electrical Engineering Energy Services Electric Power Distribution Conduit Street Light Energy Related Products Wholesale And Retail Customers

Is FE a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 40.65
52 Week Low 31.1207
Average Volume 2,703,241
200-Day Moving Average 36.16
50-Day Moving Average 38.05
20-Day Moving Average 38.68
10-Day Moving Average 39.48
Average True Range 0.58
RSI (14) 71.59
ADX 28.05
+DI 31.41
-DI 8.56
Chandelier Exit (Long, 3 ATRs) 38.92
Chandelier Exit (Short, 3 ATRs) 38.15
Upper Bollinger Bands 40.49
Lower Bollinger Band 36.87
Percent B (%b) 0.94
BandWidth 9.35
MACD Line 0.64
MACD Signal Line 0.49
MACD Histogram 0.1554
Fundamentals Value
Market Cap 23.1 Billion
Num Shares 574 Million
EPS 0.95
Price-to-Earnings (P/E) Ratio 42.38
Price-to-Sales 1.68
Price-to-Book 2.04
PEG Ratio 2.42
Dividend 1.56
Dividend Yield 3.87%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 41.09
Resistance 3 (R3) 41.12 40.89 40.95
Resistance 2 (R2) 40.89 40.68 40.87 40.90
Resistance 1 (R1) 40.57 40.55 40.73 40.54 40.86
Pivot Point 40.34 40.34 40.42 40.32 40.34
Support 1 (S1) 40.02 40.13 40.18 39.99 39.66
Support 2 (S2) 39.79 40.00 39.77 39.62
Support 3 (S3) 39.47 39.79 39.57
Support 4 (S4) 39.44