AES stock is currently trading at 1% and 3% discounts to its 50-day and 200-day moving averages, respectively. The stock could remain under pressure until it crosses above these two moving average levels. These levels of near $11.60 and $11.90, respectively, may now act as resistances in the short term.
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.
Relative strength index
The RSI (relative strength index) is a momentum indicator made up of values between 0 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 a stock’s price. AES’s RSI stands at 47.