ALERION CLEANPOWER (ARN.MI) Stock Technical Analysis
BIT:ARN - IT0004720733 - Common Stock
18.96 EUR
-0.23 (-1.2%)
Taking everything into account, ARN scores 4 out of 10 in our technical rating. ARN has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
Warning: ARN has an average volume of 26665 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
ARN is part of the Independent Power and Renewable Electricity Producers industry. There are 19 other stocks in this industry. ARN outperforms 72% of them.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
When comparing the yearly performance of all stocks, we notice that ARN is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
ARN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ARN is lagging the market.
In the last month ARN has a been trading in the 17.60 - 20.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
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 18.99, a Stop Loss order could be placed below this zone.
More info and screens
15.71
22.07
When analyzing the support we can see 5 important areas.
- A support zone ranging from 18.65 to 18.72. 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.
- Support @17.86 from a horizontal line in the daily time frame.
- Support @17.15 from a trend line in the daily time frame.
- Support @15.87 from a trend line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 19.37 to 19.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @20.02 from a trend line in the daily time frame.
- Resistance @20.50 from a horizontal line in the daily time frame.
- Resistance @21.85 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 | DOWN | NEGATIVE | The short term trend for ARN.MI is down. |
| ChartMill Relative Strength | 73.05 | POSITIVE | ARN.MI has a high relative strength, it outperformed 73.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ARN.MI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ARN.MI is below 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) | 48.57 | NEUTRAL | The RSI value for ARN.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ARN.MI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 50.05 | NEUTRAL | The Stochastics value for ARN.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.79 | MEDIUM VOLATILITY | The ATR as a percentage value for ARN.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 18.43 | 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 (8/29/2025, 2:42:34 PM)
18.96
-0.23 (-1.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-1.2%
1 Week-1.34%
2 Weeks5.56%
1 Month-3.37%
3 Month23.09%
6 Month55.26%
12 Month9.66%
2 Year-33.25%
3 Year-49.57%
5 Year191.64%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.71
ATR(20)%3.79%
ATR Inc-69.95%
Range Today0.18
ADR(20)0.69
ADR(20)%3.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.05
Mansfield0.64
10 Day High20.75
10 Day Low18.06
20 Day High20.75
20 Day Low17.6
52 Week High23.05
52 Week Low11.24
CS1 End18.99
CR1 Start19.37
Volume & EV
DER(3)1.82%
DER(5)2.49%
Volume75
Volume Incr-77.37%
Vol(5)6.47K
Vol(50)26.66K