CLEARWAY ENERGY INC-C (CWEN) Stock Technical Analysis
USA - NYSE:CWEN - US18539C2044 - Common Stock
We assign a technical rating of 10 out of 10 to CWEN. 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.
Although CWEN has an excellent technical rating, it does not present a decent entry opportunity 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
24.34
5 important support areas can be observed.
- A support zone ranging from 32.43 to 32.43. 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 30.52. 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 28.20 to 28.88. 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 | 84.75 | POSITIVE | CWEN has a high relative strength, it outperformed 84.75% 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) | 75.87 | OVERBOUGHT | The high RSI value suggests CWEN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests CWEN has a positive trend. |
| Stochastics (14,3) | 93.7 | OVERBOUGHT | The high Stochastics value suggests CWEN may be overbought. |
| Average True Range in percent/ATR (20) | 2.56 | MEDIUM VOLATILITY | The ATR as a percentage value for CWEN suggests some volalility. |
| Average Directional Index/ADX (14) | 33.29 | POSITIVE | The high ADX value value for CWEN suggests a strong trend. |
35.27
+0.24 (+0.69%)
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 75.8681. 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 32.43. Check the full technical report for our detailed analysis of CWEN support and resistance levels.