Technical Analysis for AZRE - Azure Power Global Limited Equity Shares

Grade Last Price % Change Price Change
grade A 16.5336 3.01% 0.48
AZRE closed up 3.01 percent on Tuesday, February 25, 2020, on 1.61 times normal volume. The bulls were able to push the stock to a new 52-week high. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up
Historical AZRE trend table...

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
New 52 Week High Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Wide Bands Range Expansion 0.00%
Above Upper BB Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Up 4 Days in a Row Strength 0.00%
Up 5 Days in a Row Strength 0.00%

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Profile

Azure Power Global Limited is an India-based power producer. The Company sells solar power in India on long term fixed price contracts to its customers. The Company is also developing micro-grid applications for the highly fragmented and underserved electricity market in India. The Company operates approximately 20 utility scale projects and several commercial rooftop projects with a combined rated capacity of approximately 240 megawatts. The Company's services include design, engineering and construction of grid integrated solar installations; off grid solar installations for villages, hamlets and remote areas; turnkey solar installations for commercial and residential complexes on roof tops, as back up and alternate source, and operation and maintenance of solar installations. The Company's projects include Project Punjab, Rajasthan Projects, Gandhinagar Smart City Rooftop Project and Micro-Grids in Bihar and Uttar Pradesh.
Energy Construction Renewable Energy Engineering Design Photovoltaics Solar Power Power Producer Solarcity Solar Power In India

Is AZRE a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 16.6
52 Week Low 10.1
Average Volume 32,509
200-Day Moving Average 11.89
50-Day Moving Average 12.81
20-Day Moving Average 13.36
10-Day Moving Average 14.49
Average True Range 0.57
ADX 39.83
+DI 45.05
-DI 4.89
Chandelier Exit (Long, 3 ATRs ) 14.88
Chandelier Exit (Short, 3 ATRs ) 13.53
Upper Bollinger Band 16.24
Lower Bollinger Band 10.49
Percent B (%b) 1.05
BandWidth 43.06
MACD Line 0.90
MACD Signal Line 0.49
MACD Histogram 0.4103
Fundamentals Value
Market Cap 428.82 Million
Num Shares 25.9 Million
EPS -0.77
Price-to-Earnings (P/E) Ratio -21.47
Price-to-Sales 5.07
Price-to-Book 1.92
PEG Ratio 0.00
Dividend 0.00
Dividend Yield 0.00%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 17.42
Resistance 3 (R3) 17.35 16.97 17.28
Resistance 2 (R2) 16.97 16.75 17.01 17.23
Resistance 1 (R1) 16.75 16.61 16.86 16.83 17.18
Pivot Point 16.38 16.38 16.43 16.42 16.38
Support 1 (S1) 16.16 16.15 16.27 16.24 15.89
Support 2 (S2) 15.79 16.01 15.82 15.84
Support 3 (S3) 15.57 15.79 15.79
Support 4 (S4) 15.64