MAXEON SOLAR TECHNOLOGIE (MAXN) Technical Analysis
NASDAQ:MAXN • SGXZ57724486
Current stock price
MAXN Technical Rating and Analysis
Taking everything into account, MAXN scores 0 out of 10 in our technical rating. MAXN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, MAXN is a bad performer in the overall market: 95% of all stocks are doing better.
- MAXN is part of the Semiconductors & Semiconductor Equipment industry. There are 115 other stocks in this industry, of which 95% are performing better than MAXN.
- MAXN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- MAXN has an average volume of 2341230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month MAXN has a been trading in the 0.67 - 2.12 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
MAXN Weekly and Daily overview Charts
MAXN Setup Rating and Analysis
The technical rating of MAXN is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
MAXN Support and Resistance Analysis
1.57
We can see 5 important resistance areas.
- A resistance zone ranging from 1.71 to 1.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.97 from a trend line in the daily time frame.
- Resistance @2.91 from a trend line in the weekly time frame.
- Resistance @3.11 from a trend line in the weekly time frame.
- Resistance @3.78 from a horizontal line in the daily time frame.
MAXN Technical Indicator Signal Analysis
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 | 5.63 | NEGATIVE | MAXN has a low relative strength, it was outperformed by 94.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MAXN is above 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) | 47.3 | NEUTRAL | The RSI value for MAXN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests MAXN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.12 | NEUTRAL | The Stochastics value for MAXN is a neutral value. |
| Average True Range in percent/ATR (20) | 20.76 | HIGH VOLATILITY | The high ATR as a percentage value for MAXN suggests high volalility. |
| Average Directional Index/ADX (14) | 22.63 | NEUTRAL | The ADX value for MAXN suggests a possible start of a new trend. |
MAXN Chart- and CandleStick Pattern Analysis
MAXN Technicals: Chart, Performance Metrics, Trend & Indicators
1.59
-0.1 (-5.92%)
MAXEON SOLAR TECHNOLOGIE / MAXN TA 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.
What is the RSI signal for MAXN stock?
MAXEON SOLAR TECHNOLOGIE (MAXN) has an RSI value of 47.2987. This indicates that the stock is currently neutral.
Can you provide the short term momentum for MAXEON SOLAR TECHNOLOGIE?
The short term momentum for MAXEON SOLAR TECHNOLOGIE (MAXN) is negative.
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.