ALGONQUIN PWR & UTILITY - AQNCN 9.34144 10/17/2078 (AQNA) Stock Technical Analysis
USA - NYSE:AQNA - US0158577090
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.
Besides having an excellent technical rating, AQNA 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.
More info and screens
23.09
When analyzing the support we can see 2 important areas.
- 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.
We can see 2 important resistance 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.
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 AQNA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AQNA is up. |
| ChartMill Relative Strength | 83.63 | POSITIVE | AQNA has a high relative strength, it outperformed 83.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AQNA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AQNA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AQNA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.92 | NEUTRAL | The RSI value for AQNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests AQNA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.79 | NEUTRAL | The Stochastics value for AQNA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.25 | LOW VOLATILITY | The low ATR as a percentage value for AQNA suggests low volalility. |
| Average Directional Index/ADX (14) | 14.78 | NEGATIVE | The low ADX value for AQNA suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 25.15 | 25.02 | 0.13 (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.
ALGONQUIN PWR & UTILITY - AQNCN 9.34144 10/17/2078
NYSE:AQNA (11/3/2023, 8:04:00 PM)
25.1
-0.03 (-0.12%)
ALGONQUIN PWR & UTILITY - AQNCN 9.34144 10/17/2078 / AQNA FAQ
Can you provide the ChartMill technical rating for ALGONQUIN PWR & UTILITY - AQNCN 9.34144 10/17/2078?
ChartMill assigns a technical rating of 7 / 10 to AQNA.
What is the current trend direction of ALGONQUIN PWR & UTILITY - AQNCN 9.34144 10/17/2078 (AQNA) stock?
The current trend direction for ALGONQUIN PWR & UTILITY - AQNCN 9.34144 10/17/2078 (AQNA) is Bullish.
What is the RSI signal for AQNA stock?
ALGONQUIN PWR & UTILITY - AQNCN 9.34144 10/17/2078 (AQNA) has an RSI value of 51.9181. This indicates that the stock is currently neutral.
What is the buy/sell signal for ALGONQUIN PWR & UTILITY - AQNCN 9.34144 10/17/2078 (AQNA) stock?
The buy/sell signal for ALGONQUIN PWR & UTILITY - AQNCN 9.34144 10/17/2078 (AQNA) is buy as both the short term and long term trends are positive.
What is the support and resistance level for AQNA stock?
ALGONQUIN PWR & UTILITY - AQNCN 9.34144 10/17/2078 (AQNA) has a support level at 25.08 and a resistance level at 25.14. Check the full technical report for our detailed analysis of AQNA support and resistance levels.