ALGONQUIN POWER & UTILITIES (AQN) Stock Technical Analysis
NYSE:AQN - New York Stock Exchange, Inc. - CA0158571053 - Common Stock - Currency: USD
Overall AQN gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, AQN is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
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.
AQN has an average volume of 12171000 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 42% of them, which is more or less in line with the market.
AQN is an average performer in the Multi-Utilities industry, it outperforms 54% of 25 stocks in the same industry.
In the last month AQN has a been trading in a tight range between 5.63 and 5.92.
Considerably lower volume is observed in the last couple of days.
AQN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 5.78, 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.
More info and screens
4.84
6.06
4 important support areas can be observed.
- A support zone ranging from 5.64 to 5.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.36 from a horizontal line in the daily time frame.
- Support @5.27 from a horizontal line in the daily time frame.
- Support @4.89 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @5.86 from a trend line in the weekly time frame.
- Resistance @6.00 from a horizontal line in the weekly 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 | 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 | 42.72 | NEUTRAL | AQN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AQN is above a declining 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) | 56.76 | 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. |
| Stochastics (14,3) | 82.23 | OVERBOUGHT | The high Stochastics value suggests AQN may be overbought. |
| Average True Range in percent/ATR (20) | 1.77 | LOW VOLATILITY | The low ATR as a percentage value for AQN suggests low volalility. |
| Average Directional Index/ADX (14) | 9.89 | NEGATIVE | The low ADX value for AQN suggests a weak or negative 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)
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 |
|---|---|---|---|
| 5.87 | 5.63 | 0.24 (4.09%) | 24.46% |
| An entry @5.87. This is a Buy Stop order right above the resistance zone. | An exit @5.63. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.24 points, which is 4.09%. | When investing 24.46% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
5.85
+0.03 (+0.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryMulti-Utilities
Performance
% Chg0.52%
1 Week2.27%
2 Weeks2.09%
1 Month-1.02%
3 Month8.13%
6 Month32.65%
12 Month-1.18%
2 Year-29.18%
3 Year-58.18%
5 Year-57.58%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%1.77%
ATR Inc-7.28%
Range Today0.1
ADR(20)0.1
ADR(20)%1.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS42.72
Mansfield0.47
10 Day High5.92
10 Day Low5.63
20 Day High5.92
20 Day Low5.63
52 Week High6.36
52 Week Low4.19
CS1 End5.78
CR1 Start5.86
Volume & EV
DER(3)8.01%
DER(5)8.81%
Volume6.17M
Volume Incr-32.56%
Vol(5)6.35M
Vol(50)12.17M