ATLANTIC POWER CORP. - Daily - Technical analysis published on 03/12/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
ATLANTIC POWER CORP. Chart
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 2.80 USD
My targets
3.01 USD (+3.08%)
3.13 USD (+7.19%)
My analysis
The basic bullish trend is very strong on ATLANTIC POWER CORP. but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 2.80 USD. Crossing the first resistance at 3.01 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 3.13 USD as an objective. Crossing it would then enable buyers to target 4.13 USD. Caution, a return to below 2.80 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
5.7
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This analysis was given by 3ba0550.
Additional analysis
Quotes
The ATLANTIC POWER CORP. rating is 2.92 USD. The price registered a decrease of -0.34% on the session and was between 2.90 USD and 2.93 USD. This implies that the price is at +0.69% from its lowest and at -0.34% from its highest.2.90
2.93
2.92
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Daily of this ATLANTIC POWER CORP. chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.30 | 2.55 | 2.80 | 2.92 | 3.01 | 4.13 | 5.29 |
| Change (%) | -21.23% | -12.67% | -4.11% | - | +3.08% | +41.44% | +81.16% |
| Change | -0.62 | -0.37 | -0.12 | - | +0.09 | +1.21 | +2.37 |
| Level | Major | Major | Major | - | Major | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.87 | 2.89 | 2.90 | 2.92 | 2.93 | 2.95 | 2.96 |
| Camarilla | 2.91 | 2.92 | 2.92 | 2.92 | 2.92 | 2.93 | 2.93 |
| Woodie | 2.88 | 2.89 | 2.91 | 2.92 | 2.94 | 2.95 | 2.97 |
| Fibonacci | 2.89 | 2.90 | 2.91 | 2.92 | 2.93 | 2.94 | 2.95 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.78 | 2.83 | 2.86 | 2.91 | 2.94 | 2.99 | 3.02 |
| Camarilla | 2.88 | 2.89 | 2.89 | 2.90 | 2.91 | 2.92 | 2.92 |
| Woodie | 2.78 | 2.83 | 2.86 | 2.91 | 2.94 | 2.99 | 3.02 |
| Fibonacci | 2.83 | 2.86 | 2.88 | 2.91 | 2.94 | 2.96 | 2.99 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.65 | 2.75 | 2.81 | 2.91 | 2.97 | 3.07 | 3.13 |
| Camarilla | 2.83 | 2.84 | 2.86 | 2.87 | 2.89 | 2.90 | 2.91 |
| Woodie | 2.63 | 2.74 | 2.79 | 2.90 | 2.95 | 3.06 | 3.11 |
| Fibonacci | 2.75 | 2.81 | 2.85 | 2.91 | 2.97 | 3.01 | 3.07 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 59.39 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 8.00 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 2.96 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.95 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 2.84 | |
| Zig ZAG (10): | 2.92 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 52.56 | |
| TEMA (21): | 2.89 | |
| Williams %R (14): | -46.15 | |
| Chande Momentum Oscillator (20): | 0.02 | |
| Repulse (5,40,3): | 0.0600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2300 | |
| Courbe Coppock: | 2.91 |
| MA7: | 2.91 | |
| MA20: | 2.92 | |
| MA50: | 2.75 | |
| MA100: | 2.39 | |
| MAexp7: | 2.91 | |
| MAexp20: | 2.90 | |
| MAexp50: | 2.74 | |
| MAexp100: | 2.52 | |
| Price / MA7: | +0.34% | |
| Price / MA20: | -0% | |
| Price / MA50: | +6.18% | |
| Price / MA100: | +22.18% | |
| Price / MAexp7: | +0.34% | |
| Price / MAexp20: | +0.69% | |
| Price / MAexp50: | +6.57% | |
| Price / MAexp100: | +15.87% |
Quotes :
2021-03-11 20:59:59
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15 min delayed data
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NYSE Stocks
News
The last news published on ATLANTIC POWER CORP. at the time of the generation of this analysis was as follows:
- Atlantic Power Corporation Announces Expiration of HSR Waiting Period
- SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Atlantic Power Corp. - AT
- Atlantic Power Corporation Releases Fourth Quarter and Year End 2020 Results
- Atlantic Power Announces Mailing of Information Circular and Proxy Statement for Special Meetings of Common Shareholders and Preferred Shareholders
- Atlantic Power Corporation and Atlantic Power Preferred Equity Ltd. Announce Quarterly Dividend Rate on the Cumulative Floating Rate Preferred Shares, Series 3 of Atlantic Power Preferred Equity Ltd.
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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