ALGONQUIN POWER & UTILITIES (AQN) Stock Technical Analysis
USA - NYSE:AQN - CA0158571053 - Common Stock
5.79 USD
-0.01 (-0.17%)
5.735 USD
-0.05 (-0.95%)
We assign a technical rating of 5 out of 10 to AQN. AQN has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
AQN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AQN is lagging the market slightly.
In the last month AQN has a been trading in the 5.32 - 5.97 range, which is quite wide. It is currently trading near the high of this range.
AQN has an average volume of 5172380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, AQN outperforms 68% of them, which is more or less in line with the market.
AQN is an average performer in the Multi-Utilities industry, it outperforms 66% of 25 stocks in the same industry.
AQN has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
5.22
6.29
3 important support areas can be observed.
- A support zone ranging from 5.68 to 5.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.36 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 can see 3 important resistance areas.
- Resistance @5.88 from a trend line in the weekly time frame.
- A resistance zone ranging from 5.99 to 6.01. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 6.22 to 6.23. This zone is formed by a combination of multiple trend lines in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for AQN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AQN is up. |
| ChartMill Relative Strength | 68.15 | NEUTRAL | AQN is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of AQN is above a declining 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) | 60.76 | NEUTRAL | The RSI value for AQN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests AQN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.05 | OVERBOUGHT | The high Stochastics value suggests AQN may be overbought. |
| Average True Range in percent/ATR (20) | 1.7 | LOW VOLATILITY | The low ATR as a percentage value for AQN suggests low volalility. |
| Average Directional Index/ADX (14) | 34.98 | POSITIVE | The high ADX value value for AQN suggests a strong 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)
5.79
-0.01 (-0.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryMulti-Utilities
Performance
% Chg-0.17%
1 Week0.35%
2 Weeks7.42%
1 Month3.39%
3 Month-0.52%
6 Month14.88%
12 Month15.8%
2 Year15.11%
3 Year-47.65%
5 Year-61.78%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%1.7%
ATR Inc19.93%
Range Today0.07
ADR(20)0.09
ADR(20)%1.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.15
Mansfield0.18
10 Day High5.97
10 Day Low5.32
20 Day High5.97
20 Day Low5.32
52 Week High6.24
52 Week Low4.19
CS1 End5.7
CR1 Start5.88
Volume & EV
DER(3)1.02%
DER(5)3.04%
Volume4.83M
Volume Incr26.78%
Vol(5)5.56M
Vol(50)5.17M