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- 1 AEP stock price was trading at $85.80 and the price increased by 0.56% over the last 24 hours.
- 2 The American Electric Power Company, (NASDAQ: AEP) 52-week price range is $80.30 – $105.60.
The AEP stock price chart shows that the average volume is 3.838 Million and the current volume is 2.951 Million. As observed from the volume graph, the current volume is below the average volume line. However, the buying volume is increasing causing the price to thrust upwards.
This month, the stock performed well as it was up by 2.42%. Also, the AEP price was up by 2.93% in the last seven days. Moreover, the American Electric Power Company (NASDAQ: AEP) stock’s year-to-date return is negative with a decrease of 9.59%.
The market capitalization of AEP stock is $44.169 Billion and the total revenue is $19.31 Billion. Moreover, the stock’s basic EPS is $3.87 and the price-to-earnings ratio is 22.12.
The Electric Utilities industry has seen an annual growth of 7.4% in earnings, while American Electric Power Company’s earnings have been growing at an average of 5.7% per year. Its revenues have also been increasing at an average of 3.8% annually. American Electric Power Company has a net margin of 10.1% and a return on equity of 8.3%.
American Electric Power Company’s total debt is $42.8 Billion and its total shareholder equity is $24.0 Billion, which gives it a debt-to-equity ratio of 178.4%. Its total liabilities are $70.6 Billion and its total assets are $94.5 Billion. American Electric Power Company’s interest coverage ratio is 2.5, based on its EBIT of $3.8 Billion. It has $538.1 Million in cash and short-term investments.
AEP Stock, Technical Analysis in 1-D Timeframe
As per the long-term price action, it is observed that in April, the AEP stock price fell from the trendline and by June 6th, the stock price fell roughly 15% and reached the demand zone at $81.42.
However, from the demand zone, buyers tried to take the price upwards but after reaching the nearest resistance level at $87.05, the price faced rejection and it fell back to the demand zone at $81.42. Buyers reestablished support from the demand zone and a bullish rally was observed.
Moreover, on the longer trend, a bullish pattern is presumed which is a double bottom, and as per the pattern the current price is trading at the pattern’s neckline. Therefore, in the forthcoming weeks, we may see a bullish rally upwards.
At the time of publishing, the American Electric Power Company (NASDAQ: AEP) price is trading above the 20-EMA (exponential moving average), which is supporting the share price trend. More upward movement is expected in the short term for the stock.
However, the stock price remains below the 50, 100, and 200-day EMAs. To jump over these EMAs, the AEP stock must accumulate more buyers to surpass the hurdles.
The MACD line at -0.4495 and signal line at -0.8169 is below the zero line but gave a bullish crossover, suggesting bullish signals. The current value of RSI is 54.61 points as it took support on the 14 SMA line and headed upwards. The 14 SMA is near the median line of 45.21 points which indicates upward movement and bullish sentiment in the market.
Extraction
The AEP stock price indicates that the sentiments and perspectives of investors and traders regarding the stock are bullish on the 1D timeframe. The technical parameters of the stock suggest the continuation of the uptrend over the daily time frame chart. The AEP share price reflects an optimistic view at the moment. The MACD, RSI, and EMA, are giving positive signals for the American Electric Power Company stock.
Technical Levels:
- The nearest support: $80.92 and $77.30.
- The nearest resistance: $87.47 and $92.19.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
