ALERION CLEANPOWER (ARN.MI) Stock Technical Analysis
BIT:ARN - Euronext Milan - IT0004720733 - Common Stock - Currency: EUR
Overall ARN gets a technical rating of 8 out of 10. ARN has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Warning: ARN has an average volume of 13016 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
ARN is one of the better performing stocks in the Independent Power and Renewable Electricity Producers industry, it outperforms 80% of 21 stocks in the same industry.
ARN is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ARN is performing more or less in line with the market.
In the last month ARN has a been trading in the 13.66 - 17.78 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When comparing the yearly performance of all stocks, we notice that ARN is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ARN has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
14.25
18.58
3 important support areas can be observed.
- Support @16.10 from a horizontal line in the daily time frame.
- A support zone ranging from 14.74 to 15.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.39 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 17.39 to 17.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @18.40 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 | NEUTRAL | NEUTRAL | The long term trend for ARN.MI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ARN.MI is up. |
| ChartMill Relative Strength | 80.58 | POSITIVE | ARN.MI has a high relative strength, it outperformed 80.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ARN.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ARN.MI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ARN.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.92 | NEUTRAL | The RSI value for ARN.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.32 | POSITIVE | The MACD value suggests ARN.MI has a positive trend. |
| Stochastics (14,3) | 88.29 | OVERBOUGHT | The high Stochastics value suggests ARN.MI may be overbought. |
| Average True Range in percent/ATR (20) | 3.76 | MEDIUM VOLATILITY | The ATR as a percentage value for ARN.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 21.59 | NEUTRAL | The ADX value for ARN.MI suggests a possible start of a new 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)
BIT:ARN (6/3/2025, 7:00:00 PM)
17.18
-0.42 (-2.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-2.39%
1 Week23.06%
2 Weeks22.54%
1 Month12.26%
3 Month38.31%
6 Month-3.44%
12 Month-4.71%
2 Year-38.95%
3 Year-44.05%
5 Year126.56%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.56
ATR(20)%3.76%
ATR Inc125.34%
Range Today0.68
ADR(20)0.54
ADR(20)%3.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.58
Mansfield0.63
10 Day High17.78
10 Day Low13.98
20 Day High17.78
20 Day Low13.66
52 Week High18.92
52 Week Low11.24
CS1 End16.1
CR1 Start18.4
Volume & EV
DER(3)5.29%
DER(5)3.17%
Volume42.02K
Volume Incr129.25%
Vol(5)26.29K
Vol(50)13.02K