ALGONQUIN POWER & UTILITIES (AQN) Stock Technical Analysis
USA - NYSE:AQN - CA0158571053 - Common Stock
5.72 USD
+0.13 (+2.33%)
5.8 USD
+0.08 (+1.4%)
We assign a technical rating of 2 out of 10 to AQN. AQN has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
AQN is one of the better performing stocks in the Multi-Utilities industry, it outperforms 76% of 26 stocks in the same industry.
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 4391120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the yearly performance of all stocks, we notice that AQN is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
In the last month AQN has a been trading in the 5.46 - 6.07 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
AQN has a poor technical rating and the quality of the setup is also 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
When analyzing the support we can see 3 important areas.
- A support zone ranging from 5.57 to 5.71. 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 5.41. 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 2 important resistance areas.
- A resistance zone ranging from 5.95 to 6.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The short term trend for AQN is neutral. |
| ChartMill Relative Strength | 73.33 | POSITIVE | AQN has a high relative strength, it outperformed 73.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AQN is below a declining 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) | 51.02 | NEUTRAL | The RSI value for AQN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests AQN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.2 | NEUTRAL | The Stochastics value for AQN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.91 | LOW VOLATILITY | The low ATR as a percentage value for AQN suggests low volalility. |
| Average Directional Index/ADX (14) | 25.49 | 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)
5.72
+0.13 (+2.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryMulti-Utilities
Performance
% Chg2.33%
1 Week2.69%
2 Weeks-1.38%
1 Month-1.38%
3 Month0.53%
6 Month-4.51%
12 Month19.17%
2 Year-6.99%
3 Year-24.24%
5 Year-63.52%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%1.91%
ATR Inc5.36%
Range Today0.16
ADR(20)0.11
ADR(20)%1.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.33
3 months CRS41.04
6 months CRS22.11
Mansfield-0.21
10 Day High5.85
10 Day Low5.46
20 Day High6.07
20 Day Low5.46
52 Week High6.24
52 Week Low4.19
CS1 End5.71
CR1 Start5.95
Volume & EV
DER(3)6.95%
DER(5)3.55%
Volume8.49M
Volume Incr1.17%
Vol(5)4.69M
Vol(50)4.39M
ALGONQUIN POWER & UTILITIES / AQN FAQ
What is the ChartMill technical rating of ALGONQUIN POWER & UTILITIES (AQN) stock?
ChartMill assigns a technical rating of 2 / 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 Bearish.
What is the RSI signal for ALGONQUIN POWER & UTILITIES (AQN) stock?
ALGONQUIN POWER & UTILITIES (AQN) has an RSI value of 51.0238. 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 -0.0261988, indicating a bearish trend.