Taking everything into account, MAXN scores 0 out of 10 in our technical rating. MAXN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, MAXN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 3.23. Right above this resistance zone may be a good entry point.
More info and screens
2.61
We found 1 important support area.
- A support zone ranging from 2.64 to 2.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 3.23 to 3.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.39 from a trend line in the daily time frame.
- A resistance zone ranging from 3.55 to 3.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for MAXN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MAXN is down. |
| ChartMill Relative Strength | 9.17 | NEGATIVE | MAXN has a low relative strength, it was outperformed by 90.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MAXN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MAXN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MAXN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.34 | NEUTRAL | The RSI value for MAXN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MAXN has a positive trend. |
| Stochastics (14,3) | 39.43 | NEUTRAL | The Stochastics value for MAXN is a neutral value. |
| Average True Range in percent/ATR (20) | 6.67 | HIGH VOLATILITY | The high ATR as a percentage value for MAXN suggests high volalility. |
| Average Directional Index/ADX (14) | 11.03 | NEGATIVE | The low ADX value for MAXN suggests a weak or negative trend. |
3.1
+0.02 (+0.65%)
MAXEON SOLAR TECHNOLOGIE / MAXN FAQ
What is the ChartMill technical rating of MAXEON SOLAR TECHNOLOGIE (MAXN) stock?
ChartMill assigns a technical rating of 0 / 10 to MAXN.
What is the trend direction for MAXN stock?
The current trend direction for MAXEON SOLAR TECHNOLOGIE (MAXN) is Bearish.
Can you provide the RSI signal for MAXEON SOLAR TECHNOLOGIE?
MAXEON SOLAR TECHNOLOGIE (MAXN) has an RSI value of 49.3382. This indicates that the stock is currently neutral.
What is the buy/sell signal for MAXN stock?
The buy/sell signal for MAXEON SOLAR TECHNOLOGIE (MAXN) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for MAXEON SOLAR TECHNOLOGIE?
MAXEON SOLAR TECHNOLOGIE (MAXN) has a support level at 2.7 and a resistance level at 3.23. Check the full technical report for our detailed analysis of MAXN support and resistance levels.