(AEP) Technical data

July 28, 2024, 3:08 pm ET, BY Chris – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Long-term trading plans for AEP

• Buy AEP just above 94.26, target price n/a, stop loss @ 93.99. Details

The technical summary data tells us to buy AEP near 94.26, but there is no current upside target of the summary table. In this case, we should wait until the summary table is updated (which usually happens at the beginning of each trading day), or until the position is stopped out. The data does tell us to set a stop loss at 93.99 to protect against excessive loss in case the stock starts to move against the trade. 94.26 is the first support level below 96.45, and as a rule, any test of support is a buy signal. In this case, if support 94.26 is tested, there would be a buy signal.

• NO . Details

NO .
There are no current resistance levels from the summary table and therefore no short resistance plans that tell us to short on tests of resistance. Resistance levels have broken upwards and unless the stock turns back down and below support levels, short positions look risky.

Swing Trading Plans for AEP

• Buy AEP slightly above 97.32, target n/a, Stop Loss @ 97.04 Details

If 97.32 starts to rise, the technical summary data tells us to buy AEP just above 97.32, with an upside target of n/a. The data also tells us to set a stop loss at 97.04 in case the stock turns against the trade. 97.32 is the first resistance level above 96.45, and as a rule, any break above resistance is a buy signal. In this case, 97.32, the initial resistance, would rise, so there would be a buy signal. Because this plan is based on a break above resistance, it is called a Long Resistance Plan.

• Short AEP something around 97.32, target price 95.54, stop loss @ 97.6. Details

The technical summary data suggests a short of AEP if it tests 97.32 with a downside target of 95.54. However, we should have a stop loss at 97.6 in case the stock starts to move against the trade. As a rule, any test of resistance is a short signal. In this case, a short signal would occur if resistance, 97.32, is tested. Since this plan is a short plan based on a test of resistance, it is called a Short Resistance Plan.

Day Trading Plans for AEP

• Buy AEP slightly above 97.32, target n/a, Stop Loss @ 97.09 Details

If 97.32 starts to break higher, the technical summary data tells us to buy AEP just above 97.32, with an upside target of n/a. The data also tells us to set a stop loss at 97.09 in case the stock turns against the trade. 97.32 is the first resistance level above 96.45, and as a rule, any break above resistance is a buy signal. In this case, 97.32, the initial resistance, would break higher, so there would be a buy signal. Because this plan is based on a break above resistance, it is called a Long Resistance Plan.

• Short AEP something around 97.32, target price 96.11, stop loss @ 97.55. Details

The technical summary data suggests a short of AEP if it tests 97.32 with a downside target of 96.11. However, we should have a stop loss at 97.55 in case the stock starts to move against the trade. As a rule, any test of resistance is a short signal. In this case, a short signal would occur if resistance, 97.32, is tested. Since this plan is a short plan based on a test of resistance, it is called a Short Resistance Plan.

Check the timestamp on this data. Updated AI-generated signals for American Electric Company Inc. (AEP) available here: AEP.

AEP ratings for July 28:

Term →	Near	Middle	Long
Judgement	Strong	Strong	Strong
P1	0	0	84.66
P2	96.11	95.54	89.46
P3	97.26	97.32	94.26

AI-generated signals for AEP

Blue = Current price
Red = Resistance
Green = Support

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This report is produced using AI developed by Stock Traders Daily. Over the past 20 years, this proprietary AI has been refined to identify the most appropriate trading strategies for both individual stocks and the stock markets themselves. This methodology is also applied to index options, ETFs and futures. The purpose of this particular report is to help you trade in American Electric Company Inc. (NYSE: AEP) and applies careful risk management.

Warning:

This is a static report, the data below was valid at the time of 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.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools and market crash protection through Evitar Corte.

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, it is the surface and resistance is the target. Conversely, if resistance is tested, it is a sign to control risk or short, and support would accordingly be the downside target. In any 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 also acts as a level of risk control.

Swing trades, day trades and long-term trading plans:

This data is refined to distinguish Day Trading, Swing Trading and Long Term Investing plans for AEP. All of these are provided below the summary table.

Fundamental charts for AEP:

The post (AEP) Technical data first appeared on Frugals ca.