Algonquin Power & Utilities Corp | AQN

Daily Technical Analysis of Algonquin Power & Utilities Corp

Algonquin Power & Utilities is down a bit on the day, funds flowing out kept the price down -1.67% since yesterday.

It looks like Algonquin Power & Utilities isn't currently at a very decisive point in regards to support/resistance levels. Algonquin Power & Utilities hasn't been looking too hot recently, some shareholders have been dumping shares over the last few months which has been driving prices down. In the past 3 months, the Utilities company has lost -10.96 of it's value. So it's not looking great, I'd probably wait for a clearer support level before coming in. AQN might find some support at the 5.95 level, buyers might push the price back up from here. But it's not very clear what will happen.

Last analyzed on 2024-11-13

Analyst Ratings for Algonquin Power & Utilities By Price Target And Rating

The analysts are pretty neutral on Algonquin Power & Utilities right now, so not much useful information here. The current Analysts Sentiment Score is 0.82. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. BMO Capital Markets upgraded from Market Perform to Outperform on 2024-01-08 and also increased their price target by 7.14% to $7.50. CIBC decided to move down their price target on 2023-11-13 to $7.00 which is a -6.67% decrease. Desjardins dropped their price target by -26.92% to $4.75 on 2023-10-25. TD Securities announced a lowering of their price target to $6.00 from $8.00 on 2023-10-18. National Bankshares announced a lowering of their price target to $8.50 from $9.50 on 2023-10-17. Scotiabank dropped their price target by -12.5% to $7.00 on 2023-10-16. Royal Bank of Canada announced that they are reiterating a rating of Sector Perform on 2023-10-10 and added a price target of $8.00. CSFB announced a lowering of their price target to $10.00 from $10.50 on 2023-07-24. Wells Fargo & Company boosted their price targ by 5.26% to $10.00 on 2023-05-12. Bank of America released a downgrade on 2023-04-18 from Buy to Neutral and decided to decrease their price target by -5.56% down to $8.50.

Company	Ratings Score ? Composite analyst sentiment score	Positive Ratings	Negative Ratings	Boost Price Target	Lower Price Target
AQN	0.82	2.92	-0.45	1.26	-2.09

Earnings Per Share (EPS) Estimates By Year and Quarter

(updated 2024-04-04)

Company	YOY Growth Score (typical -20 to +20)	Revision Directions (-6 to +6)
AQN	0.00	0.00

Short interest for Algonquin Power & Utilities

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Company	Short Score (typical 1-15) ? We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)	Short Interest	Days to Cover	Rate of Change	Shares Short
AQN	5.86	%5	7.1	-6.468	34160000

How Algonquin Power & Utilities compares to the broader Utilities sector and the more specific Utilities - Independent Power Producers industry

Segment	Count	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Demark Buy	Short Interest	Analysts Ratings ? We track several different measures of analyst sentiment including ratings and price targets. To create a composite Analyst Sentiment Score, we weight several factors such as the recent rate of change which can be more predictive than the absolute level. We also weight each analyst's opinion based on their historic accuracy. We built in a time decay function to ensure that the rating reflects the current sentiment levels. Typical range (-80 to +80)
Utilities - Independent Power Producers Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	8	-0.23	0.51	-1.15	6.31	5.34	80.26	47.62	26.19	14.53	29.72	-19613.12	-14618.92	0.00	0.00	5.58	1.13
Utilities Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	71	-0.17	2.04	1.66	5.26	12.63	25.29	57.61	44.79	27.85	24.48	-5606.43	-14691.44	3.52	11.62	3.65	0.95

Social Sentiment for Algonquin Power & Utilities

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.

Ticker	Social Sentiment(1-10)
AQN

Companies with the highest correlation to Algonquin Power & Utilities

Company	Score	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Buy	Short Interest Score
FTS \| Fortis Inc. Common Shares	0.72	-0.11	0.95	1.09	2.12	12.65	9.13	64	19.41	14.85	13.68	-1201.97	-1694.23	0	10.359
NEE \| Nextra Energy, Inc.	0.61	-0.26	2.13	-7.16	-3.19	2.07	32.60	34	4.84	7.51	27.16	-4299.04	-12638.63	150	1.25939
BNL \| Broadstone Net Lease, Inc	0.6	-0.06	0.65	-5.86	-7.19	12.03	9.23	27	3.01	13.50	13.97	-3018.41	-8743.54	0	3.71425
REXR \| REXFORD INDUSTRIAL REALTY	0.57	-0.63	2.25	-4.26	-16.23	-3.11	-8.94	35	-13.46	-11.62	-18.90	-27091.49	180.33	0	5.74888
TRNO \| Terreno Realty Corporatio	0.54	-0.97	-1.51	-5.34	-12.61	5.88	8.16	62	-1.19	-0.13	2.41	-3392.92	-2467.44	0	3.50651
PEG \| Public Service Enterprise	0.54	0.44	4.01	0.00	12.38	23.03	41.08	59	73.99	121.79	126.74	-942.45	-1044.82	0	2.67747
WPC \| W.P. Carey Inc. (REIT)	0.53	0.19	3.17	-3.35	-5.23	-1.29	-2.21	45	-4.60	-5.77	-8.22	-13134.26	-4068.42	0	1.54349
OGE \| OGE Energy Corp.	0.53	-0.14	3.13	5.20	9.67	21.03	24.27	80	72.84	87.61	37.80	0.00	-35517.06	0	2.4622

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