ALGONQUIN POWER & UTILITIES (AQN) Stock Technical Analysis
NYSE:AQN - New York Stock Exchange, Inc. - CA0158571053 - Common Stock - Currency: USD
Overall AQN gets a technical rating of 8 out of 10. Although AQN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
AQN has an excellent technical rating and 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 resistance zone just above the current price starting at 5.39. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for AQN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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4.50
When analyzing the support we notice one important area.
- A support zone ranging from 4.55 to 4.62. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 5.39 to 5.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 5.43 | 4.84 | 0.59 (10.87%) | 9.20% |
| An entry @5.43. This is a Buy Stop order right above the resistance zone. | An exit @4.84. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.59 points, which is 10.87%. | For a 1.00% total portfolio risk, you can invest 9.20% of your capital in this trade. |
- 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.
5.28
-0.01 (-0.19%)