ALGONQUIN PWR & UTILITY - AQNCN 9.34144 10/17/2078 (AQNA)

US0158577090

25.1  -0.03 (-0.12%)

Technical Rating and Analysis

8

We assign a technical rating of 8 out of 10 to AQNA. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AQNA is showing a nice and steady performance.

Warning: AQNA has an average volume of 25490 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that AQNA is one of the better performing stocks in the market, outperforming 83% of all stocks.
AQNA is one of the better performing stocks in the Multi-Utilities industry, it outperforms 100% of 26 stocks in the same industry.
AQNA is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month AQNA has a been trading in a tight range between 25.00 and 25.14.

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Weekly and Daily overview Charts
AQNA Weekly chart
AQNA Daily chart
Setup Rating and Analysis

8

AQNA 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 a resistance zone just above the current price starting at 25.14. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.08, a Stop Loss order could be placed below this zone.

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Support and Resistance Analysis

23.09

26.45

2 important support areas can be observed.

  • A support zone ranging from 24.44 to 25.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @23.32 from a trend line in the weekly time frame.

When analyzing the resistance we notice 2 important areas.

  • A resistance zone ranging from 25.14 to 25.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @26.19 from a horizontal line in the weekly time frame.

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Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.63
Mansfield-0.09
10 Day High25.14
10 Day Low25.03
20 Day High25.14
20 Day Low25
52 Week High25.75
52 Week Low19.26
Performance
1 Week0.08%
2 Weeks0.24%
1 Month1.13%
3 Month1.29%
6 Month8.05%
12 Month11.16%
2 Year-8.73%
3 Year-8.76%
5 Year-1.38%
10 YearN/A
15 YearN/A

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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)

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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)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)51.92
LBB25
UBB25.13

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Example Setup

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.

ENTRYEXITDISTANCECAPITAL
25.1525.020.13 (0.52%)25.00%
An entry @25.15. This is a Buy Stop order right above the 10 day high.An exit @25.02. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 0.13 points, which is 0.52%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.13%.

  • 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.

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AQNA Daily chart

ALGONQUIN PWR & UTILITY - AQNCN 9.34144 10/17/2078

NYSE:AQNA (11/3/2023, 8:04:00 PM)

25.1

-0.03 (-0.12%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryMulti-Utilities
Performance
% Chg-0.12%
1 Week0.08%
2 Weeks0.24%
1 Month1.13%
3 Month1.29%
6 Month8.05%
12 Month11.16%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.04
ATR(20)%0.25%
ATR Inc
Range Today0.03
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High25.14
10 Day Low25.03
20 Day High25.14
20 Day Low25
52 Week High25.75
52 Week Low19.26
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume11.20K
Volume Incr-45.04%
Vol(5)17.54K
Vol(50)25.49K