CLEARWAY ENERGY INC-C (CWEN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CWEN - US18539C2044 - Common Stock
Overall CWEN gets a technical rating of 6 out of 10. In the last year, CWEN was one of the better performers, but we do observe some doubts in the very recent evolution.
Although the technical rating is only medium, CWEN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 33.05, a Stop Loss order could be placed below this zone.
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24.34
We found 5 important support areas.
- A support zone ranging from 32.22 to 33.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @29.42 from a trend line in the weekly time frame.
- A support zone ranging from 28.54 to 28.62. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @27.35 from a horizontal line in the daily time frame.
- Support @24.59 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 36.63 to 36.63. 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 CWEN is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CWEN is down. |
| ChartMill Relative Strength | 84.74 | POSITIVE | CWEN has a high relative strength, it outperformed 84.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CWEN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CWEN is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CWEN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.92 | NEUTRAL | The RSI value for CWEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests CWEN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 57.5 | NEUTRAL | The Stochastics value for CWEN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.17 | MEDIUM VOLATILITY | The ATR as a percentage value for CWEN suggests some volalility. |
| Average Directional Index/ADX (14) | 26.66 | POSITIVE | The high ADX value value for CWEN suggests a strong trend. |
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 |
|---|---|---|---|
| 33.84 | 32.21 | 1.63 (4.82%) | 20.76% |
| An entry @33.84. This is a Buy Stop order right above the 10 day high. | An exit @32.21. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.63 points, which is 4.82%. | When investing 20.76% 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.
33.18
-0.2 (-0.6%)
CLEARWAY ENERGY INC-C / CWEN FAQ
Can you provide the ChartMill technical rating for CLEARWAY ENERGY INC-C?
ChartMill assigns a technical rating of 6 / 10 to CWEN.
Can you provide the trend direction for CLEARWAY ENERGY INC-C?
The current trend direction for CLEARWAY ENERGY INC-C (CWEN) is Bullish.
What is the RSI signal for CLEARWAY ENERGY INC-C (CWEN) stock?
CLEARWAY ENERGY INC-C (CWEN) has an RSI value of 45.9177. This indicates that the stock is currently neutral.
What is the short term momentum for CLEARWAY ENERGY INC-C (CWEN) stock?
The short term momentum for CLEARWAY ENERGY INC-C (CWEN) is negative.
What is the support and resistance level for CWEN stock?
CLEARWAY ENERGY INC-C (CWEN) has a support level at 33.05 and a resistance level at 36.63. Check the full technical report for our detailed analysis of CWEN support and resistance levels.