RUN Technical Analysis - SUNRUN INC

Technical Rating and Analysis

Taking everything into account, RUN scores 5 out of 10 in our technical rating. RUN has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.

When comparing the yearly performance of all stocks, RUN is a bad performer in the overall market: 68% of all stocks are doing better.

RUN 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.

The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

In the last month RUN has a been trading in the 5.38 - 10.14 range, which is quite wide. It is currently trading near the high of this range.

RUN has an average volume of 24552800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

RUN is part of the Electrical Equipment industry. There are 94 other stocks in this industry, RUN did better than 44% of them.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

RUN has an average technical rating and it also does not offer a high 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

5.61

11.97

When analyzing the support we notice one important area.

Support @5.67 from a horizontal line in the daily time frame.

We can see 3 important resistance areas.

A resistance zone ranging from 10.01 to 10.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @10.55 from a trend line in the weekly time frame.
Resistance @11.85 from a trend line in the daily time frame.

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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	NEUTRAL	NEUTRAL	The long term trend for RUN is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for RUN is up.
ChartMill Relative Strength	32.62	NEUTRAL	RUN is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of RUN is above the rising 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)	DOWN	NEGATIVE	The current price of RUN is below a declining SMA(200).
Relative Strength Index/RSI (14)	56.38	NEUTRAL	The RSI value for RUN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.19	POSITIVE	The MACD value suggests RUN has a positive trend.
Stochastics (14,3)	70.52	NEUTRAL	The Stochastics value for RUN is a neutral value.
Average True Range in percent/ATR (20)	11.08	HIGH VOLATILITY	The high ATR as a percentage value for RUN suggests high volalility.
Average Directional Index/ADX (14)	15.19	NEGATIVE	The low ADX value for RUN suggests a weak or negative trend.