SUNRUN INC (RUN) Stock Technical Analysis
NASDAQ:RUN • US86771W1053
We assign a technical rating of 8 out of 10 to RUN. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- Looking at the yearly performance, RUN did better than 95% of all other stocks.
- RUN is part of the Electrical Equipment industry. There are 91 other stocks in this industry. RUN outperforms 85% of them.
- RUN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RUN is lagging the market slightly.
- RUN has an average volume of 7510970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month RUN has a been trading in the 17.70 - 21.67 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, RUN also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 20.85. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- 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
16.89
When analyzing the support we can see 3 important areas.
- Support @18.72 from a trend line in the daily time frame.
- A support zone ranging from 18.09 to 18.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 17.06 to 17.13. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 20.85 to 20.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 21.29 to 21.41. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for RUN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RUN is neutral. |
| ChartMill Relative Strength | 95.73 | POSITIVE | RUN has a high relative strength, it outperformed 95.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RUN is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RUN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RUN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.93 | NEUTRAL | The RSI value for RUN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests RUN has a positive trend. |
| Stochastics (14,3) | 65.58 | NEUTRAL | The Stochastics value for RUN is a neutral value. |
| Average True Range in percent/ATR (20) | 7.5 | HIGH VOLATILITY | The high ATR as a percentage value for RUN suggests high volalility. |
| Average Directional Index/ADX (14) | 10.58 | NEGATIVE | The low ADX value for RUN suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 20.86 | 18.71 | 2.15 (10.31%) | 9.70% |
| An entry @20.86. This is a Buy Stop order right above the resistance zone. | An exit @18.71. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.15 points, which is 10.31%. | When investing 9.70% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
20.42
+0.87 (+4.45%)
SUNRUN INC / RUN FAQ
What is the ChartMill technical rating of SUNRUN INC (RUN) stock?
ChartMill assigns a technical rating of 8 / 10 to RUN.
What is the trend direction for RUN stock?
The current trend direction for SUNRUN INC (RUN) is Bullish.
What is the RSI signal for RUN stock?
SUNRUN INC (RUN) has an RSI value of 54.9337. This indicates that the stock is currently neutral.
What is the MACD signal for RUN stock?
The MACD indicator for SUNRUN INC (RUN) has a value of 0.0282903, indicating a bearish trend.
Can you provide the support and resistance levels for SUNRUN INC?
SUNRUN INC (RUN) has a support level at 18.72 and a resistance level at 20.85. Check the full technical report for our detailed analysis of RUN support and resistance levels.