AZURE POWER GLOBAL LTD (AZRE) Stock Technical Analysis
NYSE:AZRE - New York Stock Exchange, Inc. - MU0527S00004 - Common Stock - Currency: USD
Taking everything into account, AZRE scores 0 out of 10 in our technical rating. AZRE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, AZRE is a bad performer in the overall market: 97% of all stocks are doing better.
AZRE is part of the Independent Power and Renewable Electricity Producers industry. There are 19 other stocks in this industry, of which 88% are performing better than AZRE.
AZRE is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month AZRE has a been trading in the 1.50 - 2.15 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.
The technical rating of AZRE is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.67
1.96
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.77 to 1.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.90 from a trend line in the daily time frame.
- Resistance @1.94 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for AZRE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AZRE is down. |
| ChartMill Relative Strength | 3.44 | NEGATIVE | AZRE has a low relative strength, it was outperformed by 96.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AZRE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AZRE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AZRE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.86 | NEUTRAL | The RSI value for AZRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests AZRE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 44.93 | NEUTRAL | The Stochastics value for AZRE is a neutral value. |
| Average True Range in percent/ATR (20) | 8.08 | HIGH VOLATILITY | The high ATR as a percentage value for AZRE suggests high volalility. |
| Average Directional Index/ADX (14) | 27.83 | POSITIVE | The high ADX value value for AZRE 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)
1.69
-0.05 (-2.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-2.87%
1 Week-12.89%
2 Weeks2.42%
1 Month-19.14%
3 Month-30.17%
6 Month-57.75%
12 Month-84.51%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%8.08%
ATR Inc-11.75%
Range Today0.12
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.44
Mansfield-6.71
10 Day High1.99
10 Day Low1.62
20 Day High2.15
20 Day Low1.5
52 Week High13.78
52 Week Low1.5
CS1 EndN/A
CR1 Start1.77
Volume & EV
DER(3)-11.29%
DER(5)-12.96%
Volume199.70K
Volume Incr-59.97%
Vol(5)172.64K
Vol(50)272.72K