ALGONQUIN POWER & UTILITIES (AQN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AQN - CA0158571053 - Common Stock
Overall AQN gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AQN is showing a nice and steady performance.
Although AQN has an excellent technical rating, it does not present a decent entry opportunity 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
4 important support areas can be observed.
- A support zone ranging from 5.92 to 5.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.75 to 5.79. 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 6.21 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 | 87.04 | POSITIVE | AQN has a high relative strength, it outperformed 87.04% 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) | 58.95 | NEUTRAL | The RSI value for AQN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests AQN has a positive trend. |
| Stochastics (14,3) | 80.87 | OVERBOUGHT | The high Stochastics value suggests AQN may be overbought. |
| Average True Range in percent/ATR (20) | 1.97 | LOW VOLATILITY | The low ATR as a percentage value for AQN suggests low volalility. |
| Average Directional Index/ADX (14) | 23.06 | NEUTRAL | The ADX value for AQN suggests a possible start of a new trend. |
6.16
-0.11 (-1.75%)
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 58.9524. 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 0.0304629, 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.