RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of AQN
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Evaluation of Algonquin Power & Utilities Corp stock downgraded after the last trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 27, 2024 Gain 1.12% PDF

The Algonquin Power & Utilities Corp stock price gained 1.12% on the last trading day (Thursday, 28th Mar 2024), rising from $6.25 to $6.32. During the last trading day the stock fluctuated 1.76% from a day low at $6.22 to a day high of $6.33. The price has risen in 6 of the last 10 days and is up by 3.95% over the past 2 weeks. Volume fell on the last day by -3 million shares and in total, 3 million shares were bought and sold for approximately $21.31 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $6.36 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -4.00% during the next 3 months and, with a 90% probability hold a price between $5.32 and $6.11 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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AQN Signals & Forecast

The Algonquin Power & Utilities Corp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $6.12 and $5.99. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 7.85%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Wednesday, March 20, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Wednesday, March 20, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Algonquin Power & Utilities Corp stock

Algonquin Power & Utilities Corp finds support from accumulated volume at $6.07 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.109 between high and low, or 1.76%. For the last week, the stock has had daily average volatility of 2.90%.

Our recommended stop-loss: $6.09 (-3.70%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)

Trading Expectations (AQN) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Algonquin Power & Utilities Corp to open at $6.29, and during the day (based on 14 day Average True Range), to move between $6.14 and $6.50, which gives a possible trading interval of +/-$0.179 (+/-2.83%) up or down from last closing price. If Algonquin Power & Utilities Corp takes out the full calculated possible swing range there will be an estimated 5.66% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $6.40 (1.27%) than the support at $6.07 (3.96%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Algonquin Power & Utilities Corp stock A Buy?

Algonquin Power & Utilities Corp holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.672 Hold/Accumulate Downgraded

Predicted Opening Price for Algonquin Power & Utilities Corp of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$6.29 ( 0.471%) $6.32

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for AQN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 6.40 1.26 %
R2 6.36 0.598 %
R1 6.33 0.190 %
Current price: 6.32
Support S1 6.25 -1.13 %
S2 6.22 -1.54 %
S3 6.18 -2.20 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 6.42 1.58 %
R2 6.41 1.42 %
R1 6.40 1.27 %
Current price 6.32
Support S1 6.07 -3.96%
S2 6.04 -4.43%
S3 5.93 -6.17%

AQN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 08, 2024 Mar 27, 2024 Apr 15, 2024 $0.109 1.72%
2 Nov 10, 2023 Dec 28, 2023 Jan 15, 2024 $0.109 1.70%
3 Aug 10, 2023 Sep 27, 2023 Oct 13, 2023 $0.110 1.92%
4 May 11, 2023 Jun 29, 2023 Jul 14, 2023 $0.109 1.34%
5 Mar 17, 2023 Mar 30, 2023 Apr 14, 2023 $0.109 1.26%

FAQ

What is the symbol for Algonquin Power & Utilities Corp Stock and on which exchange is it traded?
The symbol for Algonquin Power & Utilities Corp is AQN and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Algonquin Power & Utilities Corp Stock?
Algonquin Power & Utilities Corp holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Algonquin Power & Utilities Corp Stock?
Algonquin Power & Utilities Corp Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Algonquin Power & Utilities Corp Stock.

What's the current price of Algonquin Power & Utilities Corp Stock?
As of the end of day on the 2024-03-28, the price of an Algonquin Power & Utilities Corp (AQN) share was $6.32.

What is the 52-week high and low for Algonquin Power & Utilities Corp Stock?
The 52-week high for Algonquin Power & Utilities Corp Stock is $9.14 and the 52-week low is $4.90.

What is the market capitalization of Algonquin Power & Utilities Corp Stock?
As of the 2024-03-28, the market capitalization of Algonquin Power & Utilities Corp is 4.357B.

When is the next earnings date for Algonquin Power & Utilities Corp?
The upcoming earnings date for Algonquin Power & Utilities Corp is May 09, 2024.
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About Algonquin Power & Utilities Corp

Algonquin Power & Utilities Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets in Canada, the United States, Chile, and Bermuda. It generates and sells electrical energy through renewable and clean energy power generation facilities. The company also owns and operates hydroelectric, wind, solar, and thermal facilities with generating capacity of a... AQN Profile

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