Firstenergy (FE) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for FE · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$48.28last close · Aug 4, 202652-week range $42.73 – $52.34 · 7.76% below the high
Rising Wedge · playing out now

FE is breaking down from a rising wedge — a sign the recent run may be rolling over.

On this chart, setups like it have followed through about 65% of the time.

As long as price stays below $50.45, it's in play — a daily close back above there calls it off.

The move's natural target sits near $46.76.

FE Rising Wedge Pattern

FE is currently forming a rising wedge on the daily timeframe. Detected Aug 4, 2026.

DirectionBullishTarget$50.58Projected move+5.7%Breakout level$48.02

New to this pattern? What a rising wedge is and how to trade it →

How Rising Wedges Have Performed

Win rate
50.0%
Avg return
+0.19R
Backtested trades
9,519
FE win rate
59.3%

Historical pattern statistics (2006-08-04 – 2026-08-04), not a prediction.

How these backtests work →

FE Pattern Trade History

Every completed pattern trade our nightly backtest found on FE's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
Falling WedgeJun 24, 2025 @ $40.34Aug 15, 2025 @ $43.47Win+2.95R
Falling WedgeApr 14, 2025 @ $40.77Oct 16, 2025 @ $46.79Win+1.89R
TriangleMar 5, 2024 @ $37.47May 22, 2024 @ $39.90Win+1.66R
Falling WedgeJan 25, 2024 @ $35.84Feb 12, 2024 @ $37.77Loss-1.27R
TriangleJan 19, 2024 @ $36.71May 2, 2024 @ $39.09Loss-1.14R
Rising WedgeDec 13, 2023 @ $36.95May 2, 2024 @ $39.09Loss-1.14R
Rising WedgeAug 1, 2023 @ $39.31Aug 3, 2023 @ $37.56Win+1.57R
TriangleJul 21, 2023 @ $39.90Aug 3, 2023 @ $37.17Loss-1.94R
Falling WedgeApr 5, 2023 @ $40.30May 25, 2023 @ $37.02Loss-1.20R
Falling WedgeMar 30, 2023 @ $39.66May 25, 2023 @ $37.02Loss-1.26R
Falling WedgeMar 14, 2023 @ $39.37Apr 14, 2023 @ $40.84Win+0.87R
TriangleNov 22, 2022 @ $39.07Dec 16, 2022 @ $40.93Win+0.98R

FE Support and Resistance Levels

Price was turned away at a ceiling near $53.55 about 4 months ago and has been sliding since. On the weekly chart, the next floor below sits near $46.83 — still about 3% away.

  • Traders commonly watch $46.83 as a target (its 38.2% retracement) — think of it as a sensible next stop, not a guarantee.
  • That floor is the first place the slide might steady — worth watching how price behaves as it gets there.
  • There's nothing to act on here — the spot to watch was the $53.55 ceiling about 4 months ago, when price was turned away there, but price has already pulled lower. What's left is the slide playing out, not a fresh starting point.

Nearest auto-detected support sits near $46.66, resistance near $51.60. These are chart/swing-derived levels, not formula pivots.

Resistance
$51.60$51.85
Support
$46.66$42.53

FE Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$48.39$48.58$47.73$48.28
Aug 3, 2026$48.26$49.00$48.03$48.43
Jul 31, 2026$48.55$48.71$48.16$48.31
Jul 30, 2026$49.34$49.81$48.55$48.71
Jul 29, 2026$49.93$50.29$49.03$49.13
Jul 28, 2026$49.49$50.45$49.43$49.65
Jul 27, 2026$49.68$49.98$49.18$49.32
Jul 24, 2026$49.78$50.08$49.48$49.92
Jul 23, 2026$49.11$49.80$48.95$49.49
Jul 22, 2026$48.80$49.39$48.57$49.33

FE Frequently Asked Questions

What chart pattern is FE forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a rising wedge on Firstenergy (FE) on the daily chart, with a measured-move target of $50.58.
Is a rising wedge bullish or bearish?
The rising wedge detected on FE is a bullish pattern, projecting a measured-move target of $50.58. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a rising wedge pattern, and what is its win rate?
Across TradingPal's backtest of the rising wedge family (9,519 trades over 631 symbols), it resolved in the expected direction 50.0% of the time with an average of +0.19R. These are historical statistics, not a prediction.
What are the support and resistance levels for FE?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), FE's nearest support is around $46.66 and nearest resistance around $51.60.
What is the price target if FE's pattern breaks out?
The detected rising wedge has a geometry-based measured-move target of $50.58 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was FE's closing price on Aug 4, 2026?
Firstenergy (FE) last closed at $48.28 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.