ALERION CLEANPOWER (ARN.MI) Stock Technical Analysis
Europe - BIT:ARN - IT0004720733 - Common Stock
19.44 EUR
+0.14 (+0.73%)
We assign a technical rating of 5 out of 10 to ARN. In the last year, ARN 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.
Warning: ARN has an average volume of 18902 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
ARN is one of the better performing stocks in the Independent Power and Renewable Electricity Producers industry, it outperforms 85% of 21 stocks in the same industry.
ARN 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 ARN is lagging the market slightly.
When comparing the performance of all stocks over the past year, ARN turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
In the last month ARN has a been trading in the 18.40 - 20.15 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, ARN 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 19.28, a Stop Loss order could be placed below this zone.
More info and screens
16.25
21.78
We found 4 important support areas.
- A support zone ranging from 18.85 to 19.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.27 from a horizontal line in the weekly time frame.
- A support zone ranging from 17.86 to 17.95. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @16.41 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 19.58 to 20.00. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @21.56 from a trend 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 ARN.MI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ARN.MI is neutral. |
| ChartMill Relative Strength | 67.62 | NEUTRAL | ARN.MI is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of ARN.MI is below a declining 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) | 51.3 | NEUTRAL | The RSI value for ARN.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests ARN.MI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 52.57 | NEUTRAL | The Stochastics value for ARN.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.33 | MEDIUM VOLATILITY | The ATR as a percentage value for ARN.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 14.84 | NEGATIVE | The low ADX value for ARN.MI 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)
BIT:ARN (9/23/2025, 11:22:20 AM)
19.44
+0.14 (+0.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg0.73%
1 Week-3.5%
2 Weeks2.55%
1 Month0.94%
3 Month14.2%
6 Month33.1%
12 Month13.8%
2 Year-27.17%
3 Year-41.6%
5 Year211.29%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.46
ATR(20)%2.33%
ATR Inc-10.6%
Range Today0.24
ADR(20)0.4
ADR(20)%2.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.62
Mansfield0.44
10 Day High20.15
10 Day Low18.42
20 Day High20.15
20 Day Low18.4
52 Week High23.05
52 Week Low11.24
CS1 End19.28
CR1 Start19.31
Volume & EV
DER(3)0.27%
DER(5)0.17%
Volume38
Volume Incr-9.02%
Vol(5)14.79K
Vol(50)18.90K