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FirstEnergy (FE-N, Monday’s close US$51.76) rose from US$26.16 in November 2020 to a high of US$48.85 in April 2022 (A–B) and then settled in a horizontal consolidation phase, trading primarily between US$35 and US$44 (dashed lines). The stock broke above this range in October, 2025 (C), pulled back to its 40-week moving average (40wMA – D), and has since surpassed the October, 2025 high, confirming the breakout and signaling the start of a new uptrend (E).
Key support lies near US$47–48; a sustained decline below US$45–46 would be considered a negative development.
Point & Figure measurements provide initial price targets of US$54 and US$59, with the broad trading range (dashed lines) supporting higher targets.
Monica Rizk is the Senior Technical Analyst of the Phases & Cycles publication (www.capitalightresearch.com). Chart, courtesy of www.LSEG.com