Clearway Energy Inc [Cwen.A] (CWE.A) Stock Technical Analysis
NYSE:CWE.A
We assign a technical rating of 10 out of 10 to CWE.A. 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!
- Looking at the yearly performance, CWE.A did better than 82% of all other stocks. On top of that, CWE.A also shows a nice and consistent pattern of rising prices.
- CWE.A 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 CWE.A is lagging the market slightly.
- CWE.A is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Although CWE.A has an excellent technical rating, the quality of the presented setup is not ideal 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
26.55
We found 6 important support areas.
- Support @36.28 from a trend line in the daily time frame.
- A support zone ranging from 33.14 to 33.39. 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 31.29 to 31.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 30.28 to 30.43. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @28.66 from a trend line in the weekly time frame.
- Support @26.82 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 | 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 | 82.28 | POSITIVE | CWE.A has a high relative strength, it outperformed 82.28% 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) | 64.07 | NEUTRAL | The RSI value for CWE.A is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests CWE.A has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.89 | NEUTRAL | The Stochastics value for CWE.A is a neutral value. |
| Average True Range in percent/ATR (20) | 2.51 | MEDIUM VOLATILITY | The ATR as a percentage value for CWE.A suggests some volalility. |
| Average Directional Index/ADX (14) | 34.47 | POSITIVE | The high ADX value value for CWE.A suggests a strong trend. |
36.98
+0.21 (+0.57%)
Clearway Energy Inc [Cwen.A] / CWE.A 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 64.0701. 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.