CLEARWAY ENERGY INC-C (CWEN) Stock Technical Analysis
NYSE:CWEN - New York Stock Exchange, Inc. - US18539C2044 - Common Stock - Currency: USD
Overall CWEN gets a technical rating of 1 out of 10. CWEN has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
CWEN is one of the lesser performing stocks in the Independent Power and Renewable Electricity Producers industry. 72% of 19 stocks in the same industry do better.
In the last month CWEN has a been trading in the 29.86 - 33.22 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the performance of all stocks over the past year, CWEN turns out to be only a medium performer in the overall market: it outperformed 51% of all stocks.
CWEN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CWEN is lagging the market.
The technical rating of CWEN is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
24.34
33.31
We found 4 important support areas.
- A support zone ranging from 30.08 to 30.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @27.62 from a trend line in the weekly time frame.
- Support @26.69 from a horizontal line in the daily time frame.
- Support @24.59 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 31.18 to 32.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 32.98 to 32.98. 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 | NEUTRAL | NEUTRAL | The long term trend for CWEN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CWEN is down. |
| ChartMill Relative Strength | 51.58 | NEUTRAL | CWEN is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of CWEN is below a declining 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) | 36.68 | NEUTRAL | The RSI value for CWEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests CWEN has a negative trend. |
| Stochastics (14,3) | 11.78 | OVERSOLD | The low Stochastics value suggests CWEN may be oversold. |
| Average True Range in percent/ATR (20) | 2.27 | MEDIUM VOLATILITY | The ATR as a percentage value for CWEN suggests some volalility. |
| Average Directional Index/ADX (14) | 16.95 | NEGATIVE | The low ADX value for CWEN suggests a weak or negative 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)
30.15
-0.22 (-0.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-0.72%
1 Week-6.94%
2 Weeks-4.16%
1 Month-5.4%
3 Month4.4%
6 Month15.43%
12 Month5.86%
2 Year21.72%
3 Year-18.73%
5 Year18.19%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.72
ATR(20)%2.27%
ATR Inc-24.12%
Range Today0.59
ADR(20)0.65
ADR(20)%2.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS51.58
Mansfield-0.41
10 Day High32.99
10 Day Low29.86
20 Day High33.22
20 Day Low29.86
52 Week High33.22
52 Week Low24.4
CS1 End30.14
CR1 Start31.18
Volume & EV
DER(3)-2.9%
DER(5)-1.43%
Volume777.60K
Volume Incr51.94%
Vol(5)1.16M
Vol(50)878.70K