ALGONQUIN POWER & UTILITIES (AQN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AQN - CA0158571053 - Common Stock
We assign a technical rating of 10 out of 10 to AQN. Both in the recent history as in the last year, AQN has proven to be a steady performer, scoring decent points in every aspect analyzed.
AQN has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 6.22. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.03, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for AQN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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5.22
We found 4 important support areas.
- A support zone ranging from 5.82 to 6.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.69 to 5.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 5.36 to 5.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.27 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 6.22 to 6.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AQN is up. |
| ChartMill Relative Strength | 84.91 | POSITIVE | AQN has a high relative strength, it outperformed 84.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AQN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AQN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AQN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.73 | NEUTRAL | The RSI value for AQN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests AQN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 44.22 | NEUTRAL | The Stochastics value for AQN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.53 | MEDIUM VOLATILITY | The ATR as a percentage value for AQN suggests some volalility. |
| Average Directional Index/ADX (14) | 30.16 | POSITIVE | The high ADX value value for AQN suggests a strong trend. |
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 |
|---|---|---|---|
| 6.18 | 5.87 | 0.31 (5.02%) | 19.94% |
| An entry @6.18. This is a Buy Stop order right above the 10 day high. | An exit @5.87. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.31 points, which is 5.02%. | For a 1.00% total portfolio risk, you can invest 19.94% of your capital in this trade. |
- 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.
6.06
-0.1 (-1.62%)
ALGONQUIN POWER & UTILITIES / AQN FAQ
What is the ChartMill technical rating of ALGONQUIN POWER & UTILITIES (AQN) stock?
ChartMill assigns a technical rating of 10 / 10 to AQN.
What is the current trend direction of ALGONQUIN POWER & UTILITIES (AQN) stock?
The current trend direction for ALGONQUIN POWER & UTILITIES (AQN) is Bullish.
What is the RSI signal for ALGONQUIN POWER & UTILITIES (AQN) stock?
ALGONQUIN POWER & UTILITIES (AQN) has an RSI value of 55.7337. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ALGONQUIN POWER & UTILITIES?
The MACD indicator for ALGONQUIN POWER & UTILITIES (AQN) has a value of 0.00179235, indicating a bearish trend.
What is the buy/sell signal for ALGONQUIN POWER & UTILITIES (AQN) stock?
The buy/sell signal for ALGONQUIN POWER & UTILITIES (AQN) is buy as both the short term and long term trends are positive.