MAXEON SOLAR TECHNOLOGIE (MAXN) Stock Technical Analysis
NASDAQ:MAXN - Nasdaq - SGXZ57724486 - Common Stock - Currency: USD
Taking everything into account, MAXN scores 4 out of 10 in our technical rating. In the past year, MAXN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, MAXN is a bad performer in the overall market: 90% of all stocks are doing better.
MAXN is part of the Semiconductors & Semiconductor Equipment industry. There are 110 other stocks in this industry, of which 89% are performing better than MAXN.
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 3.20 - 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 an average technical rating and the quality of the presented setup is also not ideal 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
2.68
4.74
We found 2 important support areas.
- A support zone ranging from 3.69 to 3.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.71 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @4.69 from a trend line in the daily 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 | 10.94 | NEGATIVE | MAXN has a low relative strength, it was outperformed by 89.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MAXN is below the rising 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) | 49.28 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 60.08 | NEUTRAL | The Stochastics value for MAXN is a neutral value. |
| Average True Range in percent/ATR (20) | 11.27 | HIGH VOLATILITY | The high ATR as a percentage value for MAXN suggests high volalility. |
| Average Directional Index/ADX (14) | 28.91 | POSITIVE | The high ADX value value for MAXN suggests a strong 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)
3.87
-0.47 (-10.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-10.83%
1 Week-16.77%
2 Weeks12.17%
1 Month5.16%
3 Month34.84%
6 Month-37.38%
12 Month-76.67%
2 Year-99.84%
3 Year-99.78%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.48
ATR(20)%11.27%
ATR Inc32.96%
Range Today0.78
ADR(20)0.43
ADR(20)%11.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.94
Mansfield-4.2
10 Day High4.97
10 Day Low3.33
20 Day High4.97
20 Day Low3.2
52 Week High23.11
52 Week Low2.49
CS1 End3.69
CR1 Start4.69
Volume & EV
DER(3)-9.93%
DER(5)-2.24%
Volume194.57K
Volume Incr-14.5%
Vol(5)183.00K
Vol(50)190.79K