ALGONQUIN POWER & UTILITIES (AQN) Stock Technical Analysis
NYSE:AQN - CA0158571053 - Common Stock
5.77 USD
0 (0%)
5.7 USD
-0.07 (-1.21%)
We assign a technical rating of 3 out of 10 to AQN. AQN has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
In the last month AQN has a been trading in the 5.67 - 6.08 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
AQN is part of the Multi-Utilities industry. There are 25 other stocks in this industry. AQN outperforms 79% of them.
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 6979760 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
When comparing the performance of all stocks over the past year, AQN turns out to be only a medium performer in the overall market: it outperformed 53% of all stocks.
AQN has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 5.75, 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
5.00
6.29
We found 2 important support areas.
- A support zone ranging from 5.67 to 5.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.05 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 5.80 to 5.84. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 5.95 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 | UP | POSITIVE | The long term trend for AQN is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AQN is down. |
| ChartMill Relative Strength | 53.48 | NEUTRAL | AQN is not amongst the best or worst performers 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 | NEGATIVE | The current price of AQN is below 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) | 44.5 | NEUTRAL | The RSI value for AQN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests AQN has a negative trend. |
| Stochastics (14,3) | 32.71 | NEUTRAL | The Stochastics value for AQN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.03 | MEDIUM VOLATILITY | The ATR as a percentage value for AQN suggests some volalility. |
| Average Directional Index/ADX (14) | 10.38 | 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)
5.77
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryMulti-Utilities
Performance
% Chg0%
1 Week-0.52%
2 Weeks0.17%
1 Month-2.86%
3 Month5.1%
6 Month20.71%
12 Month6.65%
2 Year-23.68%
3 Year-57.91%
5 Year-58.28%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%2.03%
ATR Inc-21.84%
Range Today0.08
ADR(20)0.12
ADR(20)%2.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.48
Mansfield0.15
10 Day High5.94
10 Day Low5.69
20 Day High6.08
20 Day Low5.67
52 Week High6.24
52 Week Low4.19
CS1 End5.75
CR1 Start5.8
Volume & EV
DER(3)3.89%
DER(5)3.2%
Volume4.70M
Volume Incr-26.77%
Vol(5)4.84M
Vol(50)6.98M