Algonquin Stock Technical Analysis

AQNA
 Stock
  

USD 25.03  0.32  1.26%   

As of the 1st of July, Algonquin Power shows the mean deviation of 0.8029, and Risk Adjusted Performance of 0.0011. Our technical analysis interface gives you tools to check existing technical drivers of Algonquin Power Utilities, as well as the relationship between them. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Algonquin Power Utilities, which can be compared to its rivals. Please confirm Algonquin Power Utilities coefficient of variation, maximum drawdown, skewness, as well as the relationship between the information ratio and downside variance to decide if Algonquin Power Utilities is priced correctly, providing market reflects its regular price of 25.03 per share. Given that Algonquin Power has jensen alpha of 0.0492, we suggest you to validate Algonquin Power Utilities's prevailing market performance to make sure the company can sustain itself at a future point.
  
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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 Algonquin
Algonquin Power's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
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.
A focus of Algonquin Power technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Algonquin Power trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Algonquin Power Utilities Technical Analysis

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The output start index for this execution was sixty with a total number of output elements of one. 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.
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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   -0.02  , 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 21.22, 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 stock 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.

Algonquin Power July 1, 2022 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.
Please continue to Trending Equities. Note that the Algonquin Power Utilities information on this page should be used as a complementary analysis to other Algonquin Power's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

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When running Algonquin Power Utilities price analysis, check to measure Algonquin Power's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Algonquin Power is operating at the current time. Most of Algonquin Power's value examination focuses on studying past and present price action to predict the probability of Algonquin Power's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Algonquin Power's price. Additionally, you may evaluate how the addition of Algonquin Power to your portfolios can decrease your overall portfolio volatility.
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Is Algonquin Power's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Algonquin Power. If investors know Algonquin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Algonquin Power listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Algonquin Power Utilities is measured differently than its book value, which is the value of Algonquin that is recorded on the company's balance sheet. Investors also form their own opinion of Algonquin Power's value that differs from its market value or its book value, called intrinsic value, which is Algonquin Power's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Algonquin Power's market value can be influenced by many factors that don't directly affect Algonquin Power's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Algonquin Power's value and its price as these two are different measures arrived at by different means. Investors typically determine Algonquin Power value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Algonquin Power's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.