CLEARWAY ENERGY INC-C (CWEN) Stock Technical Analysis
NYSE:CWEN • US18539C2044
Overall CWEN gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CWEN is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that CWEN is one of the better performing stocks in the market, outperforming 78% of all stocks. We also observe that the gains produced by CWEN over the past year are nicely spread over this period.
- CWEN 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 CWEN is lagging the market slightly.
- CWEN has an average volume of 1105410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- CWEN is part of the Independent Power and Renewable Electricity Producers industry. There are 20 other stocks in this industry, CWEN did better than 42% of them.
- In the last month CWEN has a been trading in the 35.34 - 41.51 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although CWEN 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
29.80
We found 4 important support areas.
- A support zone ranging from 38.27 to 38.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 33.76 to 33.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @32.22 from a horizontal line in the daily time frame.
- Support @30.10 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 40.79 to 40.79. 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 | UP | POSITIVE | The short term trend for CWEN is up. |
| ChartMill Relative Strength | 78.76 | POSITIVE | CWEN has a high relative strength, it outperformed 78.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CWEN is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CWEN is above 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) | 52.32 | NEUTRAL | The RSI value for CWEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests CWEN has a negative trend. |
| Stochastics (14,3) | 31.54 | NEUTRAL | The Stochastics value for CWEN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.08 | MEDIUM VOLATILITY | The ATR as a percentage value for CWEN suggests some volalility. |
| Average Directional Index/ADX (14) | 28.58 | POSITIVE | The high ADX value value for CWEN suggests a strong trend. |
38.31
+0.03 (+0.08%)
CLEARWAY ENERGY INC-C / CWEN FAQ
Can you provide the ChartMill technical rating for CLEARWAY ENERGY INC-C?
ChartMill assigns a technical rating of 10 / 10 to CWEN.
What is the current trend direction of CLEARWAY ENERGY INC-C (CWEN) stock?
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 52.3219. This indicates that the stock is currently neutral.
What is the buy/sell signal for CWEN stock?
The buy/sell signal for CLEARWAY ENERGY INC-C (CWEN) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for CLEARWAY ENERGY INC-C (CWEN) stock?
CLEARWAY ENERGY INC-C (CWEN) has a support level at 38.3 and a resistance level at 40.79. Check the full technical report for our detailed analysis of CWEN support and resistance levels.