AEP stock: buy or sell
Updated on:
Jan 16th, 2021
1
AEP stock brief
- American Electric Power stock grew 2.08% to close at $80.47 on the stock market today, after 3 consecutive sessions in green.
- Looking at the chart, price is drawing an scaled downtrend since last November with lower tops and lower bottoms. shares price lost a -14.58% since the downtrend started.
- The Goldman Sachs Group published a strong sell rating for American Electric Power on Thursday
Should I buy American Electric Power stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $AEP stock a buy?
In the current situation of American Electric Power there is not any eligible buy setup. This doesn't mean we expect a selloff for $AEP in the next few days, or that it may not climb higher. Simply, it doesn't match our recommended trading systems
Should I sell American Electric Power stock?
When is it time to sell American Electric Power?. Like when we have to buy shares, deciding when is appropiate time to sell is not a whimsical decision, and we must follow our own trading strategy. Our trading system selects very simple setups to guide us on when is the best time to sell a stock. Be aware that these setups should not be used for selling short $AEP stock
A guiding principle is that you should not mantain an open trade that generates greater losses than those expected upon the buy. When to sell your stock should always be dictated by the stop-loss (automatic or manual)
Is it time to sell American Electric Power stock?
In the current situation of American Electric Power there is not any eligible sell setup, so American Electric Power stock holders with operations in green can keep their positions
American Electric Power ratings
In the last 30 days, 2 analyst ratings were published for American Electric Power
| Brokerage firm | Rating |
|---|---|
| Jan 6th, 2021 | |
| Wells Fargo & Company | |
| Jan 14th, 2021 | |
| The Goldman Sachs Group | Neutral → |
American Electric Power stock analysis
American Electric Power continues trending lower since last November, and has lost a -14.58%. The stock plotted 2 consecutive lower tops.
SMAs overview
Supports and resistances
The current resistance levels are:
The current supports are:
Bollinger bands
Since the price broke down the lower band last Wednesday, the price rebounded by 3.98%
Relative strength index
The RSI crossed up the oversold level of 30 last November after just being in the oversold zone for 1 day (what can be considered a strength sign). The RSI reading on Friday was 45.86
American Electric Power stock price history
American Electric Power started trading priced at an adjusted price1 of $0.90 on Jan 1970. Since then, AEP stock has risen by 8,841.11%, with an average of 173.36% per year. An investment of $1,000USD on Jan 1970 would worth $89,411.11 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for American Electric Power stock
Nobody knows how much a share will be priced tomorrow. However, many stock price forecasts are issued every day by banks, financial institutions and independent analysts.
The following table shows the price target posted by brokerage institutions for the last 30 days. If you are a small trader you don't have to buy or sell based on these predictions.
There is just one price target issued for American Electric Power that predicts a price of $88.00.
| Brokerage firm | Price target |
|---|---|
| Jan 6th, 2021 | |
| Wells Fargo & Company | $101.00 → $88.00 |
| Jan 14th, 2021 | |
| The Goldman Sachs Group | Not available |
Earnings and financials
Last October, American Electric Power Company, Inc. ($AEP) posted adjusted EPS for that met Market expectations. Quarterly EPS was $1.47 per share from an estimated $1.45. Revenue was $4.1 billion compared to $4.4 billion estimated by market consensus.
This compares to Earnings of $1.46 per share same quarter last year, so posted EPS means an increase of 0.68%. Looking at sales, figures slided a -5.76% compared to $43.2B same quarter a year ago.AEP ($AEP) is hosting the quarterly earnings call mid next February. Analysts expect of $0.76, that is a 48.30% less than previous quarter.
American Electric Power performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| American Electric Power ($AEP) | -4.50% | -9.60% | -6.60% |
Disclaimer:
The viewpoints given in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this report does not have an understanding of the particular conditions of the reader, his or her financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are published for learning motives onlyAEP summary
| Friday, January 15th, 2021 | |
|---|---|
| Open | $76.96 |
| Close | $80.47 |
| Day range | $76.96 - $80.69 |
| Previous close | $78.83 |
| Session gain | 2.08% |
| Average true range | $1.97 |
| 50d mov avg | $83.92 |
| 100d mov avg | $83.89 |
| 200d mov avg | $82.57 |
| Earnings date | February 18th, 2021 |