ALGONQUIN POWER & UTILITIES (AQN) Technical Analysis
NYSE:AQN • CA0158571053
Current stock price
AQN Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to AQN. In the last year, AQN was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- AQN has an average volume of 4815570 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 51% of them, which is more or less in line with the market.
- AQN is an average performer in the Multi-Utilities industry, it outperforms 60% of 26 stocks in the same industry.
- AQN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AQN is lagging the market.
- In the last month AQN has a been trading in the 6.02 - 6.54 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
AQN Weekly and Daily overview Charts
AQN Setup Rating and Analysis
Although the technical rating is only medium, AQN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 6.34, 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
AQN Support and Resistance Analysis
5.87
When analyzing the support we can see 2 important areas.
- A support zone ranging from 6.07 to 6.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.93 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 6.99 to 6.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
AQN Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for AQN is neutral. |
| ChartMill Relative Strength | 51.42 | 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) | 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) | 52.33 | 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) | 73.17 | NEUTRAL | The Stochastics value for AQN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.17 | MEDIUM VOLATILITY | The ATR as a percentage value for AQN suggests some volalility. |
| Average Directional Index/ADX (14) | 16.97 | NEGATIVE | The low ADX value for AQN suggests a weak or negative trend. |
AQN Chart- and CandleStick Pattern Analysis
AQN Technicals: Chart, Performance Metrics, Trend & Indicators
6.37
+0.07 (+1.11%)
ALGONQUIN POWER & UTILITIES / AQN TA FAQ
What is the ChartMill technical rating of ALGONQUIN POWER & UTILITIES (AQN) stock?
ChartMill assigns a technical rating of 4 / 10 to AQN.
Can you provide the trend direction for ALGONQUIN POWER & UTILITIES?
The current trend direction for ALGONQUIN POWER & UTILITIES (AQN) is Bullish.
Can you provide the RSI signal for ALGONQUIN POWER & UTILITIES?
ALGONQUIN POWER & UTILITIES (AQN) has an RSI value of 52.3305. This indicates that the stock is currently neutral.
What is the MACD signal for AQN stock?
The MACD indicator for ALGONQUIN POWER & UTILITIES (AQN) has a value of 0.0280824, indicating a bearish trend.
What is the short term momentum for ALGONQUIN POWER & UTILITIES (AQN) stock?
The short term momentum for ALGONQUIN POWER & UTILITIES (AQN) is neutral.