ATLANTICA SUSTAINABLE INFRAS (AY) Stock Technical Analysis
NASDAQ:AY - Nasdaq - GB00BLP5YB54 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to AY. AY has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
AY is one of the lesser performing stocks in the Independent Power and Renewable Electricity Producers industry. 63% of 20 stocks in the same industry do better.
AY 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 AY is lagging the market slightly.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
When compared to the yearly performance of all other stocks, AY outperforms 54% of them, which is more or less in line with the market.
In the last month AY has a been trading in a tight range between 21.92 and 22.17.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, AY does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 21.98, a Stop Loss order could be placed below this zone.
More info and screens
21.59
23.65
When analyzing the support we notice one important area.
- A support zone ranging from 21.81 to 21.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 22.00 to 22.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @22.94 from a trend line in the weekly time frame.
- A resistance zone ranging from 23.42 to 23.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 AY is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AY is down. |
| ChartMill Relative Strength | 54.02 | NEUTRAL | AY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.17 | NEUTRAL | The RSI value for AY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests AY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.67 | NEUTRAL | The Stochastics value for AY is a neutral value. |
| Average True Range in percent/ATR (20) | 0.17 | LOW VOLATILITY | The low ATR as a percentage value for AY suggests low volalility. |
| Average Directional Index/ADX (14) | 30.98 | POSITIVE | The high ADX value value for AY suggests a strong 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)
21.99
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg0%
1 Week0.18%
2 Weeks-0.68%
1 Month-0.5%
3 Month0.27%
6 Month0.27%
12 Month3.53%
2 Year-15.1%
3 Year-38.51%
5 Year-16.67%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%0.17%
ATR Inc-50%
Range Today0.02
ADR(20)0.03
ADR(20)%0.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS54.02
Mansfield-0.81
10 Day High22.17
10 Day Low21.92
20 Day High22.17
20 Day Low21.92
52 Week High23.47
52 Week Low16.82
CS1 End21.98
CR1 Start22
Volume & EV
DER(3)-0.61%
DER(5)-1.83%
Volume2.18M
Volume Incr42.85%
Vol(5)1.41M
Vol(50)970.45K