Meanwhile, A number of analysts have revised their coverage, including Janney’s analysts, who began to cover the stock in early September with a ‘”a Neutral”‘ rating. Wells Fargo also remained covering AQN and has decreased its forecast on August 12, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. Raymond James revised its rating on August 12, 2024. It rated AQN as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of AQN
On Friday, Algonquin Power & Utilities Corp [NYSE:AQN] saw its stock jump 9.71% to $5.99. Over the last five days, the stock has gained 11.13%. Algonquin Power & Utilities Corp shares have risen nearly 34.61% since the year began. Nevertheless, the stocks have fallen -9.52% over the past one year. While a 52-week high of $6.77 was reached on 05/09/25, a 52-week low of $4.19 was recorded on 01/13/25. SMA at 50 days reached $5.12, while 200 days put it at $5.03.
Levels Of Support And Resistance For AQN Stock
The 24-hour chart illustrates a support level at 5.68, which if violated will result in even more drops to 5.37. On the upside, there is a resistance level at 6.16. A further resistance level may holdings at 6.32. The Relative Strength Index (RSI) on the 14-day chart is 74.98, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 2.35%. Stochastics %K at 85.18% indicates the stock is a selling.
