CLEARWAY ENERGY INC-C (CWEN) Stock Technical Analysis
NYSE:CWEN - US18539C2044 - Common Stock
29.81 USD
-0.03 (-0.1%)
29.81 USD
0 (0%)
Taking everything into account, CWEN scores 0 out of 10 in our technical rating. CWEN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, CWEN is a bad performer in the overall market: 68% of all stocks are doing better.
CWEN is one of the lesser performing stocks in the Independent Power and Renewable Electricity Producers industry. 73% of 20 stocks in the same industry do better.
CWEN is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
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.
CWEN has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 29.77, a Stop Loss order could be placed below this zone.
More info and screens
24.34
33.31
We found 5 important support areas.
- A support zone ranging from 29.25 to 29.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @28.54 from a horizontal line in the daily time frame.
- Support @27.89 from a trend line in the weekly time frame.
- Support @26.67 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.
- Resistance @32.22 from a horizontal line in the daily time frame.
- 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 | 32.21 | 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) | 42.29 | NEUTRAL | The RSI value for CWEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests CWEN has a positive trend. |
| Stochastics (14,3) | 46.25 | NEUTRAL | The Stochastics value for CWEN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.13 | MEDIUM VOLATILITY | The ATR as a percentage value for CWEN suggests some volalility. |
| Average Directional Index/ADX (14) | 23.87 | NEUTRAL | The ADX value for CWEN suggests a possible start of a new 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)
29.81
-0.03 (-0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-0.1%
1 Week-0.93%
2 Weeks0.13%
1 Month-7.99%
3 Month-3.12%
6 Month6.39%
12 Month2.94%
2 Year20.35%
3 Year-19.65%
5 Year16.86%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.5
ATR(20)%2.13%
ATR Inc-38.87%
Range Today0.34
ADR(20)0.61
ADR(20)%2.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.21
Mansfield-0.57
10 Day High30.65
10 Day Low29.52
20 Day High32.99
20 Day Low29.05
52 Week High33.22
52 Week Low24.4
CS1 End29.77
CR1 Start32.22
Volume & EV
DER(3)0.23%
DER(5)-0.48%
Volume950.40K
Volume Incr-13.09%
Vol(5)856.02K
Vol(50)926.60K