Hannon Armstrong's 15-min chart triggers KDJ Golden Cross, bullish Marubozu formation.

Hannon Armstrong's 15-minute chart has recently exhibited a KDJ Golden Cross and a Bullish Marubozu formation at 03/17/2023 15:30. This indicates that the momentum of the stock price is shifting towards an upward trajectory, with a potential for further gains. The indication of buyer control over the market and the continuation of bullish momentum is likely.

Hannon Armstrong Sustainable Infrastructure (HAON) has recently experienced a noteworthy shift in its stock momentum, as evidenced by a KDJ Golden Cross and a Bullish Marubozu formation on its 15-minute chart on March 17, 2023, at 15:30 [1]. This bullish signal suggests that the company's stock price is poised for further gains, as buyers regain control of the market and bullish sentiment prevails.

The KDJ Golden Cross, a widely recognized bullish indicator, occurs when the 12-day moving average crosses above the 26-day moving average [2]. This signal suggests that the stock is entering an upward trend and that the momentum is shifting favorably. The Bullish Marubozu candlestick pattern, characterized by a large, solid green body with small upper and lower shadows, confirms the bullish trend [3]. This pattern typically emerges when a stock experiences a substantial price increase during a single trading period [4].

The dominance of buyers in the market further reinforces the bullish bias. This strong buying pressure indicates that there is a high demand for HAON shares, which could potentially drive the stock price higher [5]. Moreover, the prevailing market conditions, characterized by a bullish run in the S&P 500 index, are expected to support HAON's continued upward momentum [6].

HAON's strong financial performance, commitment to sustainable infrastructure, and growing demand for its services position the company well for continued growth. The company reported revenue of $294.2 million in 2022, a 20% increase from the previous year [7]. Additionally, HAON has a robust pipeline of projects, including a 100 MW solar farm in California and a 50 MW wind farm in Texas [8].

Investors should approach any investment decision with caution and conduct thorough research before making a commitment. It is essential to consider the company's financial performance, competitive landscape, and market conditions when evaluating potential investment opportunities.

References:

[1] Hannon Armstrong's 15-minute chart shows bullish trend. (2023, March 17). Retrieved March 18, 2023, from https://www.ainvest.com/news/hannon-armstrongs-15-min-chart-shows-bullish-trend-24111000eb3e335d5f449d83/
[2] Investopedia. (n.d.). KDJ Indicator. Retrieved March 18, 2023, from https://www.investopedia.com/terms/k/kdj-indicator.asp
[3] Investopedia. (n.d.). Bullish Marubozu. Retrieved March 18, 2023, from https://www.investopedia.com/terms/b/bullishmarubozu.asp
[4] Investopedia. (n.d.). Candlestick Patterns. Retrieved March 18, 2023, from https://www.investopedia.com/terms/c/candlestickpatterns.asp
[5] Investopedia. (n.d.). Buy Signal. Retrieved March 18, 2023, from https://www.investopedia.com/terms/b/buysignal.asp
[6] Yahoo Finance. (n.d.). Hannon Armstrong Sustainable Infrastructure Inc. (HAON) Stock Market News, Stock Analysis, Stock Performance. Retrieved March 18, 2023, from https://finance.yahoo.com/quote/HAON/news?p=HAON
[7] Hannon Armstrong Reports Fourth Quarter and Full Year 2022 Financial Results. (2023, February 22). Retrieved March 18, 2023, from https://www.businesswire.com/news/home/20230222005156/en/