Technical analysis contributing to the AES stock price forecast shows MACD trending upward since early June, supported by steady investor accumulation. Breakouts past $23.50 could trigger momentum buying typical in the utilities sector. The ADP Employment Report for September showed a drop of 32,000 private-sector jobs — the steepest monthly decline since March 2023. That figure badly missed Wall Street's forecast, adding fuel to expectations that the Federal Reserve may continue cutting interest rates later this month. Dropping from 29$ levels in year 2022 and now its near bottom and ready for reversal. Stock has a good dividend yield of 6% and can return 50% in next 2-3 years. With the given dividend yield and technicals , it offers good risk to reward ratio. Its trying to form reversal candle, lets see
Target 1 AES stock price forecast sentiment data reveals institutional net buying over the past six weeks, often a precursor to trend continuation in utility stocks.
