CLEARWAY ENERGY INC-C (CWEN) Stock Technical Analysis
NYSE:CWEN - New York Stock Exchange, Inc. - US18539C2044 - Common Stock - Currency: USD
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.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, CWEN did better than 91% of all other stocks. On top of that, CWEN also shows a nice and consistent pattern of rising prices.
CWEN is one of the better performing stocks in the Independent Power and Renewable Electricity Producers industry, it outperforms 85% of 21 stocks in the same industry.
CWEN is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so CWEN slightly outperforms the market at the moment.
CWEN has an average volume of 1094860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month CWEN has a been trading in the 25.63 - 31.09 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, CWEN also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 30.50. Right above this resistance zone may be a good entry point.
More info and screens
24.34
31.10
When analyzing the support we can see 4 important areas.
- A support zone ranging from 28.19 to 28.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 26.69 to 27.02. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @26.18 from a trend line in the weekly time frame.
- A support zone ranging from 24.59 to 24.92. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 30.50 to 30.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.6
Mansfield1.44
10 Day High30.3
10 Day Low25.63
20 Day High31.09
20 Day Low25.63
52 Week High31.09
52 Week Low22.61
Performance
1 Week6.1%
2 Weeks-5.07%
1 Month-2.7%
3 Month10.93%
6 Month7.19%
12 Month28.26%
2 Year-3.75%
3 Year-4.26%
5 Year45.93%
10 YearN/A
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)-0.07
RSI(14)53.61
LBB26.35
UBB31.37
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 |
|---|---|---|---|
| 30.80 | 28.18 | 2.62 (8.51%) | 11.76% |
| An entry @30.80. This is a Buy Stop order right above the resistance zone. | An exit @28.18. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.62 points, which is 8.51%. | For a 1.00% total portfolio risk, you can invest 11.76% 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.
29.23
+0.32 (+1.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg1.11%
1 Week6.1%
2 Weeks-5.07%
1 Month-2.7%
3 Month10.93%
6 Month7.19%
12 Month28.26%
2 Year-3.75%
3 Year-4.26%
5 Year45.93%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.16
ATR(20)%3.36%
ATR Inc-37.63%
Range Today0.51
ADR(20)0.94
ADR(20)%3.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.6
Mansfield1.44
10 Day High30.3
10 Day Low25.63
20 Day High31.09
20 Day Low25.63
52 Week High31.09
52 Week Low22.61
CS1 End28.26
CR1 Start30.5
Volume & EV
DER(3)0.46%
DER(5)1.77%
Volume592.10K
Volume Incr-13.31%
Vol(5)971.98K
Vol(50)1.09M