COMPLETE SOLARIA INC (SPWR) Stock Technical Analysis
NASDAQ:SPWR - Nasdaq - US20460L1044 - Common Stock - Currency: USD
Overall SPWR gets a technical rating of 5 out of 10. Although SPWR has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
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.
SPWR 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.
SPWR is part of the Electrical Equipment industry. There are 94 other stocks in this industry. SPWR outperforms 75% of them.
SPWR has an average volume of 2571380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that SPWR is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month SPWR has a been trading in the 1.25 - 2.05 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SPWR has only a medium 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 very little resistance above the current price. There is a support zone below the current price at 1.73, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SPWR in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.53
2.98
When analyzing the support we can see 2 important areas.
- A support zone ranging from 1.71 to 1.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.55 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @1.93 from a trend line in the daily time frame.
- A resistance zone ranging from 1.97 to 1.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.95 from a trend line in the weekly 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 SPWR is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SPWR is neutral. |
| ChartMill Relative Strength | 85.9 | POSITIVE | SPWR has a high relative strength, it outperformed 85.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SPWR is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SPWR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SPWR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.81 | NEUTRAL | The RSI value for SPWR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SPWR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.79 | NEUTRAL | The Stochastics value for SPWR is a neutral value. |
| Average True Range in percent/ATR (20) | 11.29 | HIGH VOLATILITY | The high ATR as a percentage value for SPWR suggests high volalility. |
| Average Directional Index/ADX (14) | 14.06 | NEGATIVE | The low ADX value for SPWR suggests a weak or negative 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)
1.73
-0.03 (-1.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-1.7%
1 Week0.58%
2 Weeks-5.98%
1 Month37.3%
3 Month105.95%
6 Month-13.07%
12 Month-56.97%
2 Year-92.87%
3 Year-93.96%
5 Year-76.9%
10 Year-93.86%
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%11.29%
ATR Inc-37.45%
Range Today0.11
ADR(20)0.19
ADR(20)%10.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.9
Mansfield-4.94
10 Day High1.99
10 Day Low1.5
20 Day High2.05
20 Day Low1.25
52 Week High6.37
52 Week Low0.09
CS1 End1.73
CR1 Start1.93
Volume & EV
DER(3)2.13%
DER(5)6.22%
Volume8.01M
Volume Incr74.58%
Vol(5)2.56M
Vol(50)2.57M