Clearway Energy Inc [Cwen.A] (CWE.A) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CWE.A -
We assign a technical rating of 6 out of 10 to CWE.A. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
CWE.A has an average technical rating and also the quality of the setup is only medium 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.
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24.97
4 important support areas can be observed.
- A support zone ranging from 30.28 to 30.75. 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 27.32 to 27.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 26.53 to 26.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @25.22 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 31.06 to 31.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 34.21 to 34.21. 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 CWE.A is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CWE.A is down. |
| ChartMill Relative Strength | 84.13 | POSITIVE | CWE.A has a high relative strength, it outperformed 84.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CWE.A is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CWE.A is below 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) | 40.96 | NEUTRAL | The RSI value for CWE.A is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests CWE.A has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.59 | OVERSOLD | The low Stochastics value suggests CWE.A may be oversold. |
| Average True Range in percent/ATR (20) | 2.01 | MEDIUM VOLATILITY | The ATR as a percentage value for CWE.A suggests some volalility. |
| Average Directional Index/ADX (14) | 35.35 | POSITIVE | The high ADX value value for CWE.A suggests a strong trend. |
30.83
+0.27 (+0.88%)
Clearway Energy Inc [Cwen.A] / CWE.A FAQ
What is the ChartMill technical rating of Clearway Energy Inc [Cwen.A] (CWE.A) stock?
ChartMill assigns a technical rating of 6 / 10 to CWE.A.
Can you provide the trend direction for Clearway Energy Inc [Cwen.A]?
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 40.96. This indicates that the stock is currently neutral.
What is the MACD signal for Clearway Energy Inc [Cwen.A] (CWE.A) stock?
The MACD indicator for Clearway Energy Inc [Cwen.A] (CWE.A) has a value of -0.200448, indicating a bearish trend.
What is the short term momentum for Clearway Energy Inc [Cwen.A] (CWE.A) stock?
The short term momentum for Clearway Energy Inc [Cwen.A] (CWE.A) is negative.