AEP stock: buy or sell
Jul 29th, 2021
AEP stock brief
- American Electric Power closed on Wednesday at $88.99 after barely changing a -0.45% and broke a streak of 4 sessions in positive.
- The price is currently above the upper Bollinger band, which often indicates a short-term correction
- Last Monday broke out above its latest top at $87.46
- On July 22, American Electric Power released its Q2 earnings report
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 $AEP will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell American Electric Power stock?
Do you know when is it time to sell American Electric Power?. Trading strategies prevent us from making impulsive decisions based on our feelings or the noise surrounding the market. When selling, as well as buying, our strategies are very easy to use and are only applicable for selling shares in your porfolio, not for shorting $AEP stock
As a golden rule, you must never hold an investment that generates higher than expected losses by the time of purchase. The moment to sell your stock always has to be ruled 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 month we couldn't find any rating for American Electric Power
American Electric Power stock analysis
Last Monday, the price broke out over the previous top at $87.46 on the downtrend started last April. Since then, the price action resulted in a 1.75% gain.
Supports and resistances
The current resistances are:
The current support levels are:
When the price moves out of the band (above the upper line or below the lower line) it indicates that the price is having a very strong momentum and therefore can reverse the trend to the average. At this point, the price is above the upper band, and that should mean a short-term corrective movement (at least) until it is below the band
Relative strength index
When the fluctuates for so long below 70 and above 30, without signaling moments of overvaluation and undervaluation, the indicator gets of little use, and we are now in one of these situations.
American Electric Power stock price history
American Electric Power went public priced at an adjusted price1 of $0.00 on Jan 1962. Since then, AEP stock surged by -, with an average of 0.00% per year. An investment of $1,000USD on Jan 1962 would worth $inf nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for American Electric Power stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price forecasts are published every day by banks, financial institutions and independent analysts.
The following table shows the price predictions published by financial institutions over the last 30 days. If you are a small investor you don't have to invest based on these forecasts.
We don't have any target price published in the previous 30 days for American Electric Power.
Earnings and financials
On July 22, American Electric Power Company, Inc. ($AEP) posted EPS for that slightly surpassed analysts' expectations. Quarterly EPS was $1.18 per share compared to the forecasted $1.13. This Q2 report means an earnings surprise of 4.42%. On the contrary, the company said revenue for Q2 was $3.8 billion aligned with analysts' estimates.Compared to the same quarter last year, EPS was $1.08, so current EPS means a increase of 9.26%. Looking at revenue, figures climbed a 9.52% compared to $34.9B year over year.
AEP ($AEP) is presenting Q3 financial report next October. Analysts expect of $1.50, that is a 27.12% more than Q2.
American Electric Power performance
|American Electric Power ($AEP)||5.00%||3.60%||11.90%|
Important note:The comments expressed in this article are personal and not recommendations for you to buy or sell shares. The author of this text does not have an understanding of the specific conditions of the reader, his or her finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are provided for education purposes only
|Wednesday, July 28th, 2021|
|Day range||$88.26 - $89.81|
|Average true range||$1.96|
|50d mov avg||$85.29|
|100d mov avg||$85.22|
|200d mov avg||$83.68|
|Earnings date||October 20th, 2021|