Overall SPWR gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. SPWR was also a bad performer in the overall market in the last year.
SPWR has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 1.75. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.68, a Stop Loss order could be placed below this zone.
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1.47
When analyzing the support we can see 4 important areas.
- A support zone ranging from 1.64 to 1.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.59 from a horizontal line in the weekly time frame.
- Support @1.53 from a trend line in the daily time frame.
- A support zone ranging from 1.48 to 1.49. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 1.75 to 1.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.85 from a trend line in the weekly time frame.
- Resistance @1.96 from a trend line in the daily time frame.
- Resistance @2.05 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for SPWR is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPWR is up. |
| ChartMill Relative Strength | 27.77 | NEGATIVE | SPWR has a low relative strength, it was outperformed by 72.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SPWR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SPWR is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SPWR is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.83 | NEUTRAL | The RSI value for SPWR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests SPWR has a positive trend. |
| Stochastics (14,3) | 72.95 | NEUTRAL | The Stochastics value for SPWR is a neutral value. |
| Average True Range in percent/ATR (20) | 5.48 | HIGH VOLATILITY | The high ATR as a percentage value for SPWR suggests high volalility. |
| Average Directional Index/ADX (14) | 14.01 | NEGATIVE | The low ADX value for SPWR suggests a weak or negative trend. |
1.74
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SUNPOWER INC / SPWR FAQ
What is the ChartMill technical rating of SUNPOWER INC (SPWR) stock?
ChartMill assigns a technical rating of 3 / 10 to SPWR.
What is the current trend direction of SUNPOWER INC (SPWR) stock?
The current trend direction for SUNPOWER INC (SPWR) is Bearish.
What is the RSI signal for SPWR stock?
SUNPOWER INC (SPWR) has an RSI value of 55.8306. This indicates that the stock is currently neutral.
What are the support and resistance levels for SUNPOWER INC (SPWR) stock?
SUNPOWER INC (SPWR) has a support level at 1.68 and a resistance level at 1.75. Check the full technical report for our detailed analysis of SPWR support and resistance levels.