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ALGONQUIN POWER & UTILITIES (AQN.CA) Stock Technical Analysis

TSX:AQN - Toronto Stock Exchange - CA0158571053 - Common Stock - Currency: CAD

6.36  -0.09 (-1.4%)

Technical Rating and Analysis

1

Taking everything into account, AQN scores 1 out of 10 in our technical rating. AQN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, AQN is a bad performer in the overall market: 79% of all stocks are doing better.
AQN is one of the lesser performing stocks in the Multi-Utilities industry. 105% of 21 stocks in the same industry do better.
AQN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month AQN has a been trading in the 6.03 - 6.62 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
AQN has an average volume of 2673400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Weekly and Daily overview Charts
ALGONQUIN POWER & UTILITIES / AQN Weekly stock chart
ALGONQUIN POWER & UTILITIES / AQN Daily stock chart
Setup Rating and Analysis

8

Although the technical rating is bad, AQN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 6.18, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

6.06

7.21

When analyzing the support we notice one important area.

  • A support zone ranging from 6.12 to 6.18. This zone is formed by a combination of multiple trend lines in multiple time frames.

3 important resistance areas can be observed.

  • A resistance zone ranging from 6.36 to 6.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @6.96 from a horizontal line in the weekly time frame.
  • A resistance zone ranging from 7.13 to 7.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.04
Mansfield-2.34
10 Day High6.62
10 Day Low6.16
20 Day High6.62
20 Day Low6.03
52 Week High9.28
52 Week Low6.03
Performance
1 Week-1.7%
2 Weeks0.47%
1 Month2.91%
3 Month-4.65%
6 Month-14.29%
12 Month-18.25%
2 Year-38.96%
3 Year-65.32%
5 Year-68.82%
10 Year-37.83%
15 Year51.79%
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)48.18
LBB6.2
UBB6.6
ALGONQUIN POWER & UTILITIES / AQN Daily stock chart

ALGONQUIN POWER & UTILITIES

TSX:AQN (2/7/2025, 7:00:00 PM)

6.36

-0.09 (-1.4%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryMulti-Utilities
Performance
% Chg-1.4%
1 Week-1.7%
2 Weeks0.47%
1 Month2.91%
3 Month-4.65%
6 Month-14.29%
12 Month-18.25%
2 Year-38.96%
3 Year-65.32%
5 Year-68.82%
10 Year-37.83%
15 Year51.79%
Volatility
ATR(14)0.2
ATR(20)%3%
ATR Inc-8.24%
Range Today0.12
ADR(20)0.19
ADR(20)%2.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.04
Mansfield-2.34
10 Day High6.62
10 Day Low6.16
20 Day High6.62
20 Day Low6.03
52 Week High9.28
52 Week Low6.03
CS1 End6.18
CR1 Start6.36
Volume & EV
DER(3)-2.25%
DER(5)2.05%
Volume1.46M
Volume Incr-5.96%
Vol(5)2.04M
Vol(50)2.67M