Strategic Equity Longs: Trade Insights 5: AQN 03 Feb 2025Delivering strategic equity longs with precision and insight. Entry criteria gets published before the price event occurs.
Ticker: AQN
Entry criterial: Daily candle close above 4.44
Entry valid till: 04 Feb 2025
Pattern: Downtrend reversal
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AQN trade ideas
Trade Idea | AQN | Algonquin Power & Utilities Corp NYSE:AQN is a Canadian investment holding company that engages in energy generation and water distribution facilities.
We are starting to buy shares that are trading at TSX between $6.00 - $6.96 as we think that this will base on this level. Our stop on this long position is at $5.08 if our bull thesis won't work.
We think the company will benefit from the rising of electric demand and renewable energy transition. NYSE:AQN will improve it current asset from LS Power recent acquisition of renewable energy segment that will be use to further increase its cash flow to be used for company development.
AQN is a 1-3 year strong playYet another in a series of companies that are going no where and have been hit by some bad news during and coming out of COVID and interest rates that will resolve itself. Taking advantage of this one at these levels to build each month a strong position.
1.5-2x in share price is achievable here when interest rates start to get cut in Canada, as this will have a direct effect on their bottom line and a surprise to the upside.
Not to preach here, but strong utility and resource companies that have a mainstay in Canada are going to always rebound, and buying at these levels sets you up for years to come in yield and profit.
AQN Algonquin Power & Utilities Corp Options Ahead of EarningsAnalyzing the options chain and the chart patterns of AQN Algonquin Power & Utilities Corp prior to the earnings report this week,
I would consider purchasing the 10usd strike price in the money Puts with
an expiration date of 2023-8-18,
for a premium of approximately $1.77.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
AQN -- H&S formationI am not a guy whom will tell anyone to ever short any stok, i am not in that leagues. But if i look well to this chart i am seeing a clear H&S forming, or formed, i am not sure 100% just because the last leg was not a fractal. Still is a 21 day pattern that was clearly formed. If we go by the book from top of the head to the bottom is 8.6%, i will say if this is confirmed and the price will do its retraction we will have a minimum 8.6% retraction in to area of C$ 10.36. i personally love this stock i like to trade it , i did trade it in the past and i will re-enter again if this pattern will confirm
AQN outperforming/avwap support-For the last 2 months AQN has traded above the VWAPs from the significant highs and lows of the year
-During the same 2 month period, AQN has outperformed XLU and is now challenging its all time high in outperformance vs. XLU
-AQN has recently been outperforming SPY after breaking out of a downtrend in SPY underperformance that has acted as resistance since March
$13.5 looks like a good line in the sand, I have to expect higher prices as long as AQN stays above it
AQN - Unremarkable, boring - LONGStop @ $13.77
Long-term on electric companies. Thesis = the internet of electricity (gadgets, hand-helds, portables, wearables, smart devices)
APUC's diversified renewable energy business is well positioned with a $2.5 billion capital growth program and over 1,400 MW in the development pipeline. (!!) - Source : C.Schwab Briefing.com
Divi stock
$AQN:NYSE - ALGONQUIN POWER - Good momentumAlgonquin has had a good run to date and could be a good defensive stock in the event of a down turn.
It is coming into earnings so caution advised, but it has bounced and run off their last earnings announcements which is a good sign. It has also broken and closed above an older resistance area so fingers crossed, might be one to watch.
Algonquin Power & Utilities Corp is a Canada-based diversified generation, transmission and distribution utility company. Through its business groups, the Company provides rate regulated natural gas, water, and electricity generation, transmission, and distribution utility services to over 750,000 customers in the United States. Furthermore, the Company is engaged in the generation of clean energy through its portfolio of long term contracted wind, solar and hydroelectric generating facilities representing more than 1,600 megawatts (MW) of installed capacity. The companies operating subsidiaries are Liberty Power and Liberty Utilities. Liberty Power owns a direct or indirect equity interest in more than 35 clean energy facilities. Liberty Utilities provides water, electricity, and gas utility services to communities across the United States.