$AGR – Ascending Triangle Chart Pattern

$AGR – Avangrid, Inc. engages in energy transmission and gas distribution. It operates on the following segments: Networks, Renewables, and More. The company was founded in 1852, and the headquarters are in Orange, CT.

Sector: Utilities

Market Capitalization 20.092B

Ownership Summary: 11.12% Institutional Ownership

TECHNICALS

On the weekly timeframe, the price chart has formed a long-term Ascending Triangle pattern since February of 2020, finding strong resistance at the $54.30 price level. The current price is above the Year-long EMA. A weekly close of $55.90 will confirm the breakout from the ascending triangle pattern with a possible price target of $70.90

Charts drawn using TradingView

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