Firstenergy(FE)

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

Auto-detected technical analysis for FE · data as of Jul 22, 2026. The chart above is live; the read below updates daily.

$49.33last close · Jul 22, 202652-week range $41.02 – $52.34 · 5.75% below the high

Rising Wedge · playing out now

FE is breaking out above a rising wedge — these usually break lower, so a push higher instead is a notably bullish turn.

On this chart, setups like it have followed through about 61% of the time.

As long as price stays above $45.91, the setup is intact — a daily close back below there is the cue to step away.

A natural first target sits near $50.62 — but moves like this often run further. The simple way to follow the rest is to stay with the 10-day average, and only step aside when a day closes below it.

FE Rising Wedge Pattern

FE is currently forming a rising wedge on the daily timeframe. Detected Jul 22, 2026.

DirectionBullishTarget$50.62Projected move+5.7%Breakout level$48.06

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

How Rising Wedges Have Performed

Win rate

50.4%

Avg return

+0.20R

Backtested trades

10,660

FE win rate

59.4%

Historical pattern statistics (1987-01-30 – 2026-07-13), 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.

Pattern	Entry	Exit	Outcome	Result
Falling Wedge	Jun 24, 2025 @ $40.34	Aug 15, 2025 @ $43.47	Win	+6.3% · +2.95R
Falling Wedge	Apr 14, 2025 @ $40.77	Oct 16, 2025 @ $46.79	Win	+13.1% · +1.89R
Triangle	Mar 5, 2024 @ $37.47	May 22, 2024 @ $39.90	Win	+6.7% · +1.66R
Falling Wedge	Feb 6, 2024 @ $35.75	Feb 12, 2024 @ $37.77	Loss	+7.6% · -1.25R
Triangle	Jan 22, 2024 @ $36.75	May 2, 2024 @ $39.09	Loss	+8.1% · -1.14R
Rising Wedge	Dec 15, 2023 @ $37.15	May 2, 2024 @ $39.09	Loss	+7.6% · -1.16R
Triangle	Jul 14, 2023 @ $39.85	Aug 3, 2023 @ $37.17	Loss	+8.4% · -1.97R
Falling Wedge	Mar 30, 2023 @ $39.66	May 25, 2023 @ $37.02	Loss	+8.5% · -1.26R
Falling Wedge	Mar 15, 2023 @ $39.24	Apr 14, 2023 @ $40.84	Win	+6.7% · +1.02R
Triangle	Nov 22, 2022 @ $39.07	Dec 16, 2022 @ $40.93	Win	+8.4% · +0.98R
Triangle	Sep 22, 2022 @ $40.89	Sep 29, 2022 @ $37.58	Win	+9.3% · +2.88R
Rising Wedge	Sep 14, 2021 @ $37.33	Dec 13, 2021 @ $40.17	Loss	+6.7% · -1.09R

Recent Rising Wedges on Other Charts

LINstopped −4.3%Jul 21, 2026 EWstopped −7.5%Jul 20, 2026 SPGIstopped −8.3%Jul 16, 2026 BROhit target +6.9%Jul 15, 2026

Learn about rising wedge

FE Support and Resistance Levels

Price was turned away at a ceiling near $51.12 about 3 months ago and has been sliding since. On the weekly chart, the next floor below sits near $42.26 — still about 14% away.

Traders commonly watch $42.26 as a target (its 50% 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 $51.12 ceiling about 3 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.

FE Recent Daily Prices

Date	Open	High	Low	Close
Jul 22, 2026	$48.80	$49.39	$48.57	$49.33
Jul 21, 2026	$48.24	$48.47	$48.07	$48.39
Jul 20, 2026	$48.75	$49.21	$48.19	$48.54
Jul 17, 2026	$49.48	$49.87	$48.43	$48.53
Jul 16, 2026	$48.57	$49.45	$48.56	$49.11
Jul 15, 2026	$49.03	$49.51	$48.55	$48.64
Jul 14, 2026	$48.78	$49.35	$48.10	$49.23
Jul 13, 2026	$47.98	$48.61	$47.90	$48.43
Jul 10, 2026	$47.64	$48.04	$47.59	$47.92
Jul 9, 2026	$48.03	$48.40	$47.50	$47.63

FE Frequently Asked Questions

What chart pattern is FE forming right now?

As of Jul 22, 2026, TradingPal's detector identifies a rising wedge on Firstenergy (FE) on the daily chart, with a measured-move target of $50.62.

Is a rising wedge bullish or bearish?

The rising wedge detected on FE is a bullish pattern, projecting a measured-move target of $50.62. 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 (10,660 trades over 628 symbols), it resolved in the expected direction 50.4% of the time with an average of +0.20R. These are historical statistics, not a prediction.

What is the price target if FE's pattern breaks out?

The detected rising wedge has a geometry-based measured-move target of $50.62 (pattern height projected from the breakout). This is a technical target, not a recommendation.

What was FE's closing price on Jul 22, 2026?

Firstenergy (FE) last closed at $49.33 on Jul 22, 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.