ALGONQUIN POWER & UTILITIES (AQN.CA) Stock Technical Analysis
TSX:AQN - Toronto Stock Exchange - CA0158571053 - Common Stock - Currency: CAD
Overall AQN gets a technical rating of 8 out of 10. Although AQN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
AQN is part of the Multi-Utilities industry. There are 22 other stocks in this industry, of which 95% are performing better than AQN.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month AQN has a been trading in the 6.30 - 7.59 range, which is quite wide. It is currently trading near the high of this range.
AQN has an average volume of 2543980 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, AQN turns out to be only a medium performer in the overall market: it outperformed 41% of all stocks.
AQN is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Besides having an excellent technical rating, AQN also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 7.48. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.41, a Stop Loss order could be placed below this zone.
More info and screens
6.12
7.62
When analyzing the support we can see 6 important areas.
- A support zone ranging from 7.37 to 7.41. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 7.10 to 7.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.88 from a horizontal line in the weekly time frame.
- A support zone ranging from 6.49 to 6.66. 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.
- Support @6.18 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 7.48 to 7.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.86
Mansfield0.12
10 Day High7.51
10 Day Low7.15
20 Day High7.59
20 Day Low6.31
52 Week High9.28
52 Week Low6.03
Performance
1 Week1.92%
2 Weeks-0.27%
1 Month3.76%
3 Month15.15%
6 Month12.2%
12 Month-16.67%
2 Year-34.88%
3 Year-59.51%
5 Year-61.36%
10 Year-23.67%
15 Year83.05%
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)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)56.9
LBB7.19
UBB7.52
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 |
|---|---|---|---|
| 7.55 | 7.36 | 0.19 (2.52%) | 25.00% |
| An entry @7.55. This is a Buy Stop order right above the resistance zone. | An exit @7.36. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.19 points, which is 2.52%. | For a 0.63% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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 (5/2/2025, 7:00:00 PM)
7.45
+0.14 (+1.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryMulti-Utilities
Performance
% Chg1.92%
1 Week1.92%
2 Weeks-0.27%
1 Month3.76%
3 Month15.15%
6 Month12.2%
12 Month-16.67%
2 Year-34.88%
3 Year-59.51%
5 Year-61.36%
10 Year-23.67%
15 Year83.05%
Volatility
ATR(14)0.19
ATR(20)%3.36%
ATR Inc7.69%
Range Today0.23
ADR(20)0.25
ADR(20)%3.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.86
Mansfield0.12
10 Day High7.51
10 Day Low7.15
20 Day High7.59
20 Day Low6.31
52 Week High9.28
52 Week Low6.03
CS1 End7.41
CR1 Start7.48
Volume & EV
DER(3)-2.76%
DER(5)0.01%
Volume1.57M
Volume Incr-25.2%
Vol(5)1.90M
Vol(50)2.54M