Clearway Energy Inc [Cwen.A] (CWE.A) Technical Analysis
NYSE:CWE.A
Current stock price
CWE.A Technical Rating and Analysis
Taking everything into account, CWE.A scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, CWE.A has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that CWE.A is one of the better performing stocks in the market, outperforming 87% of all stocks. We also observe that the gains produced by CWE.A over the past year are nicely spread over this period.
- CWE.A is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so CWE.A is leading the market.
- In the last month CWE.A has a been trading in the 34.17 - 39.94 range, which is quite wide. It is currently trading near the high of this range.
CWE.A Weekly and Daily overview Charts
CWE.A Setup Rating and Analysis
Besides having an excellent technical rating, CWE.A also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
CWE.A Support and Resistance Analysis
28.81
We found 4 important support areas.
- A support zone ranging from 37.26 to 37.59. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 35.08 to 35.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 32.39 to 32.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @29.10 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @39.78 from a horizontal line in the daily time frame.
CWE.A Technical Indicator Signal Analysis
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 CWE.A is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CWE.A is up. |
| ChartMill Relative Strength | 87.67 | POSITIVE | CWE.A has a high relative strength, it outperformed 87.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CWE.A is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CWE.A is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CWE.A is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.95 | NEUTRAL | The RSI value for CWE.A is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CWE.A has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.09 | NEUTRAL | The Stochastics value for CWE.A is a neutral value. |
| Average True Range in percent/ATR (20) | 2.83 | MEDIUM VOLATILITY | The ATR as a percentage value for CWE.A suggests some volalility. |
| Average Directional Index/ADX (14) | 19.39 | NEGATIVE | The low ADX value for CWE.A suggests a weak or negative trend. |
CWE.A Chart- and CandleStick Pattern Analysis
CWE.A Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 39.79 | 37.25 | 2.54 (6.38%) | 15.67% |
| An entry @39.79. This is a Buy Stop order right above the resistance zone. | An exit @37.25. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.54 points, which is 6.38%. | When investing 15.67% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
CWE.A Technicals: Chart, Performance Metrics, Trend & Indicators
38.93
+0.12 (+0.31%)
Clearway Energy Inc [Cwen.A] / CWE.A TA FAQ
What is the technical rating for CWE.A stock?
ChartMill assigns a technical rating of 10 / 10 to CWE.A.
What is the trend direction for CWE.A stock?
The current trend direction for Clearway Energy Inc [Cwen.A] (CWE.A) is Bullish.
What is the RSI signal for CWE.A stock?
Clearway Energy Inc [Cwen.A] (CWE.A) has an RSI value of 59.9505. This indicates that the stock is currently neutral.
Can you provide the short term momentum for Clearway Energy Inc [Cwen.A]?
The short term momentum for Clearway Energy Inc [Cwen.A] (CWE.A) is positive.
Can you provide the buy/sell signal for Clearway Energy Inc [Cwen.A]?
The buy/sell signal for Clearway Energy Inc [Cwen.A] (CWE.A) is buy as both the short term and long term trends are positive.