Technical Analysis for AZRE - Azure Power Global Limited Equity Shares

Grade Last Price % Change Price Change
F 20.11 6.63% 1.25
AZRE closed up 6.63 percent on Friday, May 14, 2021, on approximately normal volume. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent EOD Signals

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

Date Alert Name Type % Chg
Slingshot Bearish Bearish Swing Setup 0.00%
Multiple of Ten Bullish Other 0.00%
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
Lower Bollinger Band Walk Weakness 6.63%
Multiple of Ten Bearish Other 6.63%
Wide Bands Range Expansion 6.63%
Down 3 Days in a Row Weakness 6.63%
Down 4 Days in a Row Weakness 6.63%
Oversold Stochastic Weakness 6.63%
Older End-of-Day Signals for AZRE ...

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Profile

Azure Power Global Limited Equity Shares Description

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.


Classification

Sector: Utilities
Industry: Utilities - Regulated Electric
Keywords: Electricity Construction Renewable Energy Engineering Photovoltaics Solar Power Power Producer Electricity Market Smart City Solarcity

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 53.5999
52 Week Low 13.5
Average Volume 301,754
200-Day Moving Average 30.42
50-Day Moving Average 25.83
20-Day Moving Average 22.84
10-Day Moving Average 20.89
Average True Range 1.38
ADX 32.3
+DI 10.35
-DI 33.36
Chandelier Exit (Long, 3 ATRs ) 23.39
Chandelier Exit (Short, 3 ATRs ) 22.94
Upper Bollinger Band 27.24
Lower Bollinger Band 18.45
Percent B (%b) 0.19
BandWidth 38.49
MACD Line -1.97
MACD Signal Line -1.74
MACD Histogram -0.2297
Fundamentals Value
Market Cap 965.97 Million
Num Shares 48 Million
EPS -0.11
Price-to-Earnings (P/E) Ratio -184.50
Price-to-Sales 8.29
Price-to-Book 4.40
PEG Ratio 0.00
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 21.69
Resistance 3 (R3) 21.55 20.89 21.42
Resistance 2 (R2) 20.89 20.49 20.96 21.33
Resistance 1 (R1) 20.50 20.24 20.70 20.64 21.25
Pivot Point 19.84 19.84 19.94 19.91 19.84
Support 1 (S1) 19.45 19.44 19.65 19.59 18.97
Support 2 (S2) 18.79 19.19 18.86 18.89
Support 3 (S3) 18.40 18.79 18.80
Support 4 (S4) 18.54