CLEARWAY ENERGY INC-C (CWEN) Stock Technical Analysis
USA - NYSE:CWEN - US18539C2044 - Common Stock
35.03 USD
+0.15 (+0.43%)
35.1 USD
+0.07 (+0.2%)
Taking everything into account, CWEN scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, CWEN 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, CWEN did better than 84% of all other stocks. We also observe that the gains produced by CWEN over the past year are nicely spread over this period.
CWEN 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 CWEN is leading the market.
In the last month CWEN has a been trading in the 30.26 - 35.20 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
CWEN has an average volume of 1165720 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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although CWEN has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
24.34
35.38
We found 5 important support areas.
- A support zone ranging from 32.25 to 32.28. 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 30.40 to 30.41. 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 28.19 to 28.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @27.35 from a horizontal line in the daily time frame.
- Support @24.59 from a horizontal line in the weekly 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 CWEN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CWEN is up. |
| 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) | UP | POSITIVE | The current price of CWEN is above 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) | 74.91 | OVERBOUGHT | The high RSI value suggests CWEN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests CWEN has a positive trend. |
| Stochastics (14,3) | 93.04 | OVERBOUGHT | The high Stochastics value suggests CWEN may be overbought. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for CWEN suggests some volalility. |
| Average Directional Index/ADX (14) | 31.41 | POSITIVE | The high ADX value value for CWEN suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
35.03
+0.15 (+0.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg0.43%
1 Week9.71%
2 Weeks9.81%
1 Month12.46%
3 Month16.19%
6 Month21.3%
12 Month26.05%
2 Year40.29%
3 Year-1.16%
5 Year19.68%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.96
ATR(20)%2.6%
ATR Inc-24.56%
Range Today0.67
ADR(20)0.87
ADR(20)%2.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.74
3 months CRS84.29
6 months CRS76.08
Mansfield0.8
10 Day High35.2
10 Day Low31.4
20 Day High35.2
20 Day Low30.26
52 Week High35.2
52 Week Low24.4
CS1 End32.28
CR1 StartN/A
Volume & EV
DER(3)0.3%
DER(5)1.46%
Volume863.40K
Volume Incr71.14%
Vol(5)1.86M
Vol(50)1.17M
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.
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 74.9132. This indicates that the stock is currently overbought.
What is the short term momentum for CLEARWAY ENERGY INC-C (CWEN) stock?
The short term momentum for CLEARWAY ENERGY INC-C (CWEN) is positive.
What is the support and resistance level for CWEN stock?
CLEARWAY ENERGY INC-C (CWEN) has a support level at 32.28. Check the full technical report for our detailed analysis of CWEN support and resistance levels.