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What’s Ahead for American Electric Power Stock?

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Chart indicators

On January 18, 2017, American Electric Power (AEP) stock was trading at a 4% premium and 1% discount to its 50-day and 200-day moving averages, respectively. Both these levels may now act as a support and resistance, respectively, in the short term.

aep dma

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Relative strength index

Currently, AEP’s RSI (relative strength index) stands at 66. The RSI is a momentum indicator made up of values between zero and 100. Movements below 30 are considered to be in the “oversold” zone while movements above 70 are considered to be in the “overbought” zone and can hint at an imminent reversal in the stock price.

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