Firstenergy Corp (FE): Price Now Near $39.08; Daily Chart Shows An Uptrend on 100 Day Basis

The Hourly View for FE

At the time of this writing, FE (Get Ratings)’s price is up $0.32 (0.83%) from the hour prior. This is the 2nd hour in a row FE has seen its price head up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them with price now being above it. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

FE ranks 7th in terms of today’s price percentage change out of Utilities stocks.

FE’s Technical Outlook on the Daily Chart

Currently, FE’s price is up $0.58 (1.49%) from the day prior. This move is a reversal from the day prior, which saw price move down. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows FE’s price action over the past 90 days.