MAXEON SOLAR TECHNOLOGIE (MAXN) Technical Analysis
NASDAQ:MAXN • SGXZ57724486
Current stock price
MAXN Technical Rating and Analysis
Overall MAXN gets a technical rating of 0 out of 10. 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.
- 93% 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. 92% of 115 stocks in the same industry do better.
- MAXN is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so MAXN is lagging the market.
- In the last month MAXN has a been trading in the 2.02 - 2.73 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- 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. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
MAXN Support and Resistance Analysis
2.00
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 2.37 to 2.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @3.30 from a trend line in the weekly time frame.
- Resistance @3.42 from a trend line in the weekly time frame.
- Resistance @3.69 from a trend line in the daily 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 | 7.32 | NEGATIVE | MAXN has a low relative strength, it was outperformed by 92.68% 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) | 33.39 | NEUTRAL | The RSI value for MAXN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MAXN has a negative trend. |
| Stochastics (14,3) | 24.75 | NEUTRAL | The Stochastics value for MAXN is a neutral value. |
| Average True Range in percent/ATR (20) | 8.17 | HIGH VOLATILITY | The high ATR as a percentage value for MAXN suggests high volalility. |
| Average Directional Index/ADX (14) | 14.2 | NEGATIVE | The low ADX value for MAXN suggests a weak or negative trend. |
MAXN Chart- and CandleStick Pattern Analysis
MAXN Technicals: Chart, Performance Metrics, Trend & Indicators
2.02
-0.29 (-12.55%)
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.
Can you provide the RSI signal for MAXEON SOLAR TECHNOLOGIE?
MAXEON SOLAR TECHNOLOGIE (MAXN) has an RSI value of 33.3946. 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 resistance level at 2.37. Check the full technical report for our detailed analysis of MAXN support and resistance levels.