AES stock: buy or sell
Jul 29th, 2021
AES stock brief
- AES Corporation closed on Wednesday at $24.22 after scarcely moving a -0.37%.
- Looking at the chart, price is drawing an scaled downtrend since last April with lower tops and lower bottoms. shares price lost a -15.61% since the downtrend started.
- 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 we expect a selloff for $AES in the next few days, or that it may 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 stock shares with some profit, it's really difficult to decide the good moment to sell and get your profits. Just as when we have to buy shares, determining when is the best time to sell is not a whimsical decision, and we must use our own trading style. When selling, as well as buying, detailed strategies are very easy to follow and are only applicable for selling stocks you already own, not for shorting $AES stock
A golden rule is that you should not hold a trade that produces losses greater than those expected at the time of the buy. The timing to sell shares always has to be ruled by the stop-loss (automatic or manual)
Is it time to sell AES Corporation stock?
Currently, AES Corporation stock doesn't match any of our preferred sell setups, so if you hold AES Corporation stock and your operation is in profit probably is not time to sell now
AES Corporation ratings
In the previous 30 days we couldn't find any rating for AES Corporation
AES Corporation stock analysis
AES Corporation continues trending lower since last April, and has droppped a -15.61%. The stock plotted 2 consecutive lower tops.
Supports and resistances
The current resistance levels are:
The current support levels are:
Since the price broke down the lower band on July 19, the price has bounced off by 3.37%
Relative strength index
The RSI broke out the oversold level of 30 on July 20 after just being in the oversold zone for just one day (what can be considered a strength sign). The RSI reading on Wednesday was 41.06
AES Corporation stock price history
AES Corporation went public priced at an adjusted price1 of $2.31 on Jun 1991. Since then, AES stock has risen by 948.48%, with an average of 31.62% per year. If you had invested thousand dollars in AES Corporation stock on Jun 1991, it would have a value of $10,484.85 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for AES Corporation stock
Nobody can predict how much a share will be priced in the future. However, many stock price forecasts are posted every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, brokerage institutions publish their price forecasts based on the stock price action and the company fundamental data. Most of these estimates follow the publication of new fundamental data by the company, and usually. Again, these targets are not direct recommendations for individual investors and should not be followed blindly.
We don't have any target price published in the last month for AES Corporation.
Earnings and financials
AES Corporation ($AES) had the quarterly shareholders call and posted the report last May. AES underperformed consensus earnings estimates and reported of $0.28, that is a -6.67% less than the predictions of $0.30. On the opposite side, reported revenues were $2.6 billion compared to estimates of $2.4 billion.Same quarter last year, reported EPS was $0.29, so recently posted EPS means a reduction of -3.45%. Looking at revenue, figures exploded a 12.70% compared to $23.4B same quarter last year.
AES ($AES) will host the quarterly earnings call on Thursday next week. Estimated for this quarter is $0.29, compared to $0.28 that was reported for Q1.
AES Corporation performance
|AES Corporation ($AES)||-8.60%||-13.40%||4.30%|
Disclaimer:The opinions contained in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this report 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 Thoughts are expressed for educative purposes only
|Wednesday, July 28th, 2021|
|Day range||$24.02 - $24.49|
|Average true range||$0.73|
|50d mov avg||$25.35|
|100d mov avg||$26.16|
|200d mov avg||$24.64|
|Earnings date||August 5th, 2021|