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ALGONQUIN PWR & UTILITY - AQNCN 6.469 PERP (AQN-PR-A.CA) Stock Technical Analysis

TSX:AQN-PR-A - Toronto Stock Exchange - CA0158573034 - Currency: CAD

23.34  -0.01 (-0.04%)

Technical Rating and Analysis

7

Taking everything into account, AQN-PR-A scores 7 out of 10 in our technical rating. Although AQN-PR-A is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

Warning: AQN-PR-A has an average volume of 3161 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
AQN-PR-A 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 AQN-PR-A is lagging the market slightly.
When comparing the performance of all stocks over the past year, AQN-PR-A turns out to be only a medium performer in the overall market: it outperformed 56% of all stocks.
AQN-PR-A is part of the Multi-Utilities industry. There are 21 other stocks in this industry, AQN-PR-A did better than 44% of them.
In the last month AQN-PR-A has a been trading in a tight range between 22.90 and 23.85.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
ALGONQUIN PWR & UTILITY - AQNCN 6.469 PERP / AQN-PR-A Weekly stock chart
ALGONQUIN PWR & UTILITY - AQNCN 6.469 PERP / AQN-PR-A Daily stock chart
Setup Rating and Analysis

8

Besides having an excellent technical rating, AQN-PR-A also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 23.03, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

20.69

23.85

When analyzing the support we can see 3 important areas.

  • A support zone ranging from 22.56 to 23.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @21.83 from a horizontal line in the daily time frame.
  • Support @20.90 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 23.34 to 23.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.18
Mansfield-0.31
10 Day High23.6
10 Day Low23.02
20 Day High23.85
20 Day Low22.9
52 Week High23.85
52 Week Low19.6
Performance
1 Week-0.26%
2 Weeks-1.14%
1 Month1.43%
3 Month7.76%
6 Month3.14%
12 Month7.31%
2 Year13.3%
3 Year-5.47%
5 Year24.48%
10 Year5.61%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.04
RSI(14)54.1
LBB23.26
UBB23.65
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
23.6223.010.61 (2.58%)25.00%
An entry @23.62. This is a Buy Stop order right above the resistance zone.An exit @23.01. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 0.61 points, which is 2.58%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.65%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
ALGONQUIN PWR & UTILITY - AQNCN 6.469 PERP / AQN-PR-A Daily stock chart

ALGONQUIN PWR & UTILITY - AQNCN 6.469 PERP

TSX:AQN-PR-A (2/21/2025, 7:00:00 PM)

23.34

-0.01 (-0.04%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryMulti-Utilities
Performance
% Chg-0.04%
1 Week-0.26%
2 Weeks-1.14%
1 Month1.43%
3 Month7.76%
6 Month3.14%
12 Month7.31%
2 Year13.3%
3 Year-5.47%
5 Year24.48%
10 Year5.61%
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%0.95%
ATR Inc-55.36%
Range Today0
ADR(20)0.18
ADR(20)%0.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.18
Mansfield-0.31
10 Day High23.6
10 Day Low23.02
20 Day High23.85
20 Day Low22.9
52 Week High23.85
52 Week Low19.6
CS1 End23.03
CR1 Start23.34
Volume & EV
DER(3)0%
DER(5)0.95%
Volume800
Volume Incr-70.9%
Vol(5)1.20K
Vol(50)3.16K