Algonquin Power Technical Analysis (NYSE:AQN)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The AQN stock chart pattern can give those who understand technical analysis an indication of which way AQN stock is headed, but cannot predict with 100% certainty as to what can happen to the Algonquin Power stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Algonquin Power. The technical analysis form of Algonquin Power stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Algonquin Power Moving Average
Moving averages help predict the price direction of AQN stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $9.71 is below the last closing price of $10.43 and the 50 day moving average of $9.68 is below the last closing price of $10.43. The 10 and 20 day periods can predict short term moving average trends.
Algonquin Power Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Algonquin Power. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of Algonquin Power bollinger bands.
Algonquin Power Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Algonquin Power MACD line is below the signal line.
Algonquin Power Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of AQN stock is 64.79.