Algonquin Power Utilities Stock Technical Analysis
| AQN Stock | CAD 6.95 0.07 1.02% |
As of the 29th of November, Algonquin Power shows the risk adjusted performance of (0.02), and Mean Deviation of 1.08. Algonquin Power Utilities technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices.
Algonquin Power Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Algonquin, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to AlgonquinAlgonquin |
Algonquin Power technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Algonquin Power Utilities Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Algonquin Power Utilities volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Algonquin Power Utilities Trend Analysis
Use this graph to draw trend lines for Algonquin Power Utilities. You can use it to identify possible trend reversals for Algonquin Power as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Algonquin Power price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Algonquin Power Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Algonquin Power Utilities applied against its price change over selected period. The best fit line has a slop of 0.01 , which may suggest that Algonquin Power Utilities market price will keep on failing further. It has 122 observation points and a regression sum of squares at 5.74, which is the sum of squared deviations for the predicted Algonquin Power price change compared to its average price change.About Algonquin Power Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Algonquin Power Utilities on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Algonquin Power Utilities based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Algonquin Power Utilities price pattern first instead of the macroeconomic environment surrounding Algonquin Power Utilities. By analyzing Algonquin Power's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Algonquin Power's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Algonquin Power specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0352 | 0.0946 | 0.054 | 0.0806 | Price To Sales Ratio | 3.93 | 1.48 | 2.27 | 2.16 |
Algonquin Power November 29, 2024 Technical Indicators
Most technical analysis of Algonquin help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Algonquin from various momentum indicators to cycle indicators. When you analyze Algonquin charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Volume Indicators |
| Risk Adjusted Performance | (0.02) | |||
| Market Risk Adjusted Performance | (0.13) | |||
| Mean Deviation | 1.08 | |||
| Coefficient Of Variation | (3,329) | |||
| Standard Deviation | 1.36 | |||
| Variance | 1.84 | |||
| Information Ratio | (0.12) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.14) | |||
| Maximum Drawdown | 6.2 | |||
| Value At Risk | (2.56) | |||
| Potential Upside | 2.09 | |||
| Skewness | (0.13) | |||
| Kurtosis | (0.19) |
Algonquin Power November 29, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Algonquin stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 34,843 | ||
| Daily Balance Of Power | 0.64 | ||
| Rate Of Daily Change | 1.01 | ||
| Day Median Price | 6.92 | ||
| Day Typical Price | 6.93 | ||
| Price Action Indicator | 0.07 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Algonquin Power Utilities. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.