AES stock: buy or sell
Jan 25th, 2021
AES stock brief
- AES Corporation stock merely moved -0.66% to close at $27.10 on the stock market today, after 3 consecutive sessions in red.
- The stock is configuring an uptrend pattern since May 2020, when it bottomed at $10.82. Up to date, the uptrend marked a 150.46% profit since the beginning of this rally
- Morgan Stanley posted a bullish rating for AES Corporation last Wednesday, forecasting $29.50
- The AES Corporation operates as a diversified power generation and utility company.
Should I buy AES Corporation stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. 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 $AES stock a buy?
In the current situation of AES Corporation there is not any eligible buy setup. This doesn't mean $AES will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell AES Corporation stock?
When you are a novel trader and you own a stock with some profit, it's really difficult to decide the correct moment to sell and get your benefits. Trading strategies give us the ability us to avoid impulsive decisions based on our sentiments or the buzz that surrounds the market. When selling, as well as buying, detailed strategies are very easy to follow but are only applicable for selling shares you already own, not for selling short $AES stock
As a golden rule, you should never mantain an open trade that yields losses greater than those expected at the time of purchase. When to sell your stock always has to be dictated by the stop-loss (automatic or manual)
Is it time to sell AES Corporation stock?
In the current situation of AES Corporation there is not any eligible sell setup, so AES Corporation stock holders with operations in green can keep their positions
AES Corporation ratings
In the last 30 days, 2 analyst ratings were published for AES Corporation. General sentiment is bullish, with 2 out of 2 posting positive forecasts
|Jan 12th, 2021|
|Jan 20th, 2021|
AES Corporation stock analysis
Since in May 2020, AES Corporation has been printing an uptrend that so far marked an amazing 150.46%. The price shows higher peaks and higher lows, and along the way gave some buy points for those who wanted to enter. Latest pullback was in early December, when price bounced at $20.27. Like in all uptrends, price needs to take breath and now price is moving in a range between $28.68 and $20.27
Supports and resistances
The current resistance levels are:
The current support levels are:
Since the price surpassed the upper band last Tuesday, the price sliced by 4.61%
Relative strength index
Crossed up the 70 level last Friday, marking a reading of 70.64. Contrary to what many investors may think, the fact that the value is above the level of 70 does not in any way imply a sell point, as shares can be above 70 for many, many weeks and continue to rise
AES Corporation stock price history
AES Corporation went public priced at an adjusted price1 of $2.17 on Jun 1991. Since then, AES stock has risen by 1,148.85%, with an average of 39.62% per year. If you had invested thousand dollars in AES Corporation stock at that time, it would worth $12,488.48 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for AES Corporation stock
Nobody knows how much a stock will be priced in the future. However, many stock price forecasts are issued every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, brokerage institutions post their price predictions based on the stock price action and the company fundamental data. Most of these predictions follow the release of new fundamental information by the company, and usually. If you are a small trader you shouldn't trade based on these forecasts.
Averaging all price targets exposed below, the estimated price for AES Corporation stock is $28.50. That is a 5.17% than the last price ($27.10).
|Brokerage firm||Price target|
|Jan 12th, 2021|
|Morgan Stanley||$23.50 → $27.50|
|Jan 20th, 2021|
|Morgan Stanley||$27.50 → $29.50|
Earnings and financials
Last November, The AES Corporation ($AES) reported adjusted EPS for that matched Wall St. expectations. Quarterly EPS was $0.42 per share versus the estimated $0.43. Predicted turnover for Q3 was $2.7 billion but AES Corporation slightly worsened by 5.74%, reporting $2.5 billion.Compared to the same quarter one year ago, EPS was $0.48, so reported EPS is a decrease of -12.50%. Looking at turnover, figures only changed compared to $26.3B year over year.
AES ($AES) posts quarterly earnings report late next February. Wall Street expects of $0.43, compared to Q3 that made $0.42.
AES Corporation performance
|AES Corporation ($AES)||19.30%||35.20%||75.30%|
Important note:The thoughts published in this article are personal and not recommendations for you to buy or sell stocks. The author of this paper does not have an understanding of the individual scenarios 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 Opinions are provided for informational purposes only
|Friday, January 22nd, 2021|
|Day range||$26.93 - $27.28|
|Average true range||$1.13|
|50d mov avg||$22.78|
|100d mov avg||$20.79|
|200d mov avg||$17.45|
|Earnings date||February 26th, 2021|