ALGONQUIN POWER & UTILITIES (AQN.CA) Stock Technical Analysis
TSX:AQN - Toronto Stock Exchange - CA0158571053 - Common Stock - Currency: CAD
Taking everything into account, AQN scores 6 out of 10 in our technical rating. Although AQN is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
When comparing the yearly performance of all stocks, AQN is a bad performer in the overall market: 69% of all stocks are doing better.
AQN is one of the lesser performing stocks in the Multi-Utilities industry. 104% of 22 stocks in the same industry do better.
In the last month AQN has a been trading in the 7.26 - 8.37 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
AQN has an average volume of 2135960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
AQN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AQN is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, AQN does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
6.30
8.67
We found 5 important support areas.
- A support zone ranging from 7.41 to 7.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.10 from a horizontal line in the daily time frame.
- Support @6.77 from a trend line in the daily time frame.
- A support zone ranging from 6.49 to 6.57. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @6.36 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 8.31 to 8.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.58 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for AQN.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AQN.CA is neutral. |
| ChartMill Relative Strength | 31.35 | NEUTRAL | AQN.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of AQN.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AQN.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AQN.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.87 | NEUTRAL | The RSI value for AQN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests AQN.CA has a negative trend. |
| Stochastics (14,3) | 20.44 | NEUTRAL | The Stochastics value for AQN.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.97 | MEDIUM VOLATILITY | The ATR as a percentage value for AQN.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 12.69 | NEGATIVE | The low ADX value for AQN.CA suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 7.68 | 7.43 | 0.25 (3.22%) | 25.00% |
| An entry @7.68. This is a Buy Stop order right above the 10 day moving average. | An exit @7.43. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.25 points, which is 3.22%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.80%. |
- The distance between exit and entry is rather small compared to the average daily movement of AQN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:AQN (5/28/2025, 7:00:00 PM)
7.5
-0.25 (-3.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryMulti-Utilities
Performance
% Chg-3.23%
1 Week-1.45%
2 Weeks-3.97%
1 Month0.81%
3 Month8.54%
6 Month7.91%
12 Month-12.49%
2 Year-34.44%
3 Year-59.24%
5 Year-61.1%
10 Year-23.16%
15 Year84.28%
Volatility
ATR(14)0.25
ATR(20)%2.97%
ATR Inc4.84%
Range Today0.28
ADR(20)0.21
ADR(20)%2.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.35
Mansfield0.03
10 Day High7.96
10 Day Low7.44
20 Day High8.37
20 Day Low7.26
52 Week High8.76
52 Week Low6.03
CS1 End7.49
CR1 Start8.31
Volume & EV
DER(3)0.11%
DER(5)0.47%
Volume1.76M
Volume Incr-34.71%
Vol(5)1.23M
Vol(50)2.14M