MAXEON SOLAR TECHNOLOGIE (MAXN) Stock Technical Analysis
NASDAQ:MAXN - SGXZ57724486 - Common Stock
4.2 USD
+0.28 (+7.01%)
4.33 USD
+0.13 (+3.1%)
We assign a technical rating of 3 out of 10 to MAXN. 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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
89% of all other stocks performed better in the past year than MAXN.
MAXN is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 82% of 110 stocks in the same industry do better.
MAXN is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month MAXN has a been trading in the 3.50 - 4.97 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MAXN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 4.29. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
2.72
4.76
When analyzing the support we can see 4 important areas.
- Support @4.20 from a trend line in the weekly time frame.
- A support zone ranging from 3.83 to 3.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.62 from a horizontal line in the daily time frame.
- Support @2.75 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 4.29 to 4.33. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @4.56 from a trend line in the daily time frame.
- Resistance @4.71 from a horizontal line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for MAXN is neutral. |
| ChartMill Relative Strength | 11.87 | NEGATIVE | MAXN has a low relative strength, it was outperformed by 88.13% 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) | UP | POSITIVE | The current price of MAXN is above the rising 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) | 55.07 | NEUTRAL | The RSI value for MAXN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests MAXN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 50.29 | NEUTRAL | The Stochastics value for MAXN is a neutral value. |
| Average True Range in percent/ATR (20) | 10.45 | HIGH VOLATILITY | The high ATR as a percentage value for MAXN suggests high volalility. |
| Average Directional Index/ADX (14) | 15.32 | NEGATIVE | The low ADX value for MAXN suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
4.2
+0.28 (+7.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg7.01%
1 Week5.26%
2 Weeks12%
1 Month-10.64%
3 Month44.33%
6 Month-19.54%
12 Month-76.27%
2 Year-99.73%
3 Year-99.79%
5 Year-99.8%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.39
ATR(20)%10.45%
ATR Inc40.36%
Range Today0.58
ADR(20)0.44
ADR(20)%10.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.87
Mansfield-3.03
10 Day High4.35
10 Day Low3.5
20 Day High4.97
20 Day Low3.5
52 Week High20.08
52 Week Low2.49
CS1 End4.2
CR1 Start4.29
Volume & EV
DER(3)-8.24%
DER(5)-9.54%
Volume266.70K
Volume Incr16.13%
Vol(5)202.44K
Vol(50)187.36K