LNT pops to highest close since January 2nd

Alliant Energy Corp (LNT) Technical Analysis Report for Apr 16, 2018

Highlights

LNT finds buyers at key support level
LNT closes higher for the 2nd day in a row
LNT pushes through previous session high
LNT rises to highest close since January 2nd

TQ Sentiment

Report Sentiment: 50% Bullish
Technical Forecast:

Overview

Moving higher for the 2nd day in a row, LNT finished Monday at 41.59 surging $0.48 (1.17%) on low volume. Today's closing price of 41.59 marks the highest close since January 2nd. Closing above Friday's high at 41.23, the market confirms its breakout through the prior session's high having traded $0.51 above it intraday.

Daily chart for LNT

Volatility

Monday's trading range was $0.49 (1.19%), that's below last trading month's daily average range of $0.65. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being slightly below average.

Support/Resistance

After trading as low as 41.25 during the day, the stock bounced off the key support level at 41.27. The failure to close below the support might increase that levels importance as support going forward.

Trend

Although still in a long-term downtrend, the short and medium-term trends both turned bullish already.

Order Flow

With prices trading close to this year's high at 42.36, upside momentum could accelerate should the share be able to break out to new highs for the year.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.

Market Conditions for Alliant Energy Corp

Loading Market Conditions for $LNT (Alliant Energy Corp)...
Latest Report:

LNT breaks key support level

Sep 18, 2018
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Alliant Energy Corp traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Market Movers

Related Stocks

AEE 10 day candlestick chart for AEE 63.91 -1.15 (-1.77%)
AEP 10 day candlestick chart for AEP 70.98 -1.45 (-2.00%)
AES 10 day candlestick chart for AES 13.59 -0.16 (-1.16%)
AGR 10 day candlestick chart for AGR 49.03 -0.87 (-1.74%)
ATO 10 day candlestick chart for ATO 92.71 -1.78 (-1.88%)
AWK 10 day candlestick chart for AWK 87.58 -1.80 (-2.01%)
CMS 10 day candlestick chart for CMS 48.97 -1.29 (-2.57%)
CNP 10 day candlestick chart for CNP 27.91 -0.69 (-2.41%)
D 10 day candlestick chart for D 70.62 -1.30 (-1.81%)
DTE 10 day candlestick chart for DTE 109.09 -3.42 (-3.04%)
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!