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AES Corporation Reported Higher 1Q17 Earnings

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Part 2
AES Corporation Reported Higher 1Q17 Earnings PART 2 OF 4

What Can Investors Expect from AES Stock?

Chart indicators

AES Corporation (AES) stock has had an uninspiring run in the last few months. Currently, it’s trading at par to its 50-day moving average and 3% below its 200-day moving average, respectively. The stock might continue to trade weak until it crosses above these moving average levels. AES Corporation’s current 200-day moving average, levels near $11.75, might act as a resistance going forward.

When a stock rises above a particular moving average, it’s a bullish sign. When it falls below that average, it’s a bearish sign.

 What Can Investors Expect from AES Stock?

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Relative strength index

Currently, AES Corporation’s RSI (relative strength index) stands at 50. The RSI is a momentum indicator made up of values between 0 and 100. Movements below 30 are considered to be in the “oversold” zone. Movements above 70 are considered to be in the “overbought” zone and can hint at an imminent reversal in a stock’s price.

AES stock has severely underperformed it peers in the last few months. AES Corporation has fallen more than 2%, while the Utilities Select Sector SPDR ETF (XLU) managed to rise 6% during the same period. The SPDR S&P 500 ETF (SPY) (SPX-INDEX) rose nearly the same. AES Corporation accounts for nearly 1.2% of XLU, while the utility sector accounts for 3.2% of SPY.

Read Hawkish Fed or Helpful Weather: What Will Drive Utilities in 2017? to learn more about how utilities might be positioned in 2017.

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