SUNATION ENERGY INC (SUNE) Stock Technical Analysis
USA - NASDAQ:SUNE - US72303P5035 - Common Stock
Taking everything into account, SUNE scores 0 out of 10 in our technical rating. SUNE'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.
Although the technical rating is bad, SUNE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for SUNE 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
1.32
4 important resistance areas can be observed.
- A resistance zone ranging from 1.43 to 1.45. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 1.48 to 1.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.61 from a trend line in the daily time frame.
- Resistance @1.68 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 | DOWN | NEGATIVE | The long term trend for SUNE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SUNE is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | SUNE has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SUNE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SUNE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SUNE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.33 | NEUTRAL | The RSI value for SUNE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SUNE has a negative trend. |
| Stochastics (14,3) | 30.41 | NEUTRAL | The Stochastics value for SUNE is a neutral value. |
| Average True Range in percent/ATR (20) | 7.17 | HIGH VOLATILITY | The high ATR as a percentage value for SUNE suggests high volalility. |
| Average Directional Index/ADX (14) | 18.68 | NEGATIVE | The low ADX value for SUNE suggests a weak or negative trend. |
1.33
-0.01 (-0.75%)
SUNATION ENERGY INC / SUNE FAQ
What is the technical rating for SUNE stock?
ChartMill assigns a technical rating of 0 / 10 to SUNE.
Can you provide the trend direction for SUNATION ENERGY INC?
The current trend direction for SUNATION ENERGY INC (SUNE) is Bearish.
What is the RSI signal for SUNE stock?
SUNATION ENERGY INC (SUNE) has an RSI value of 43.327. This indicates that the stock is currently neutral.
What is the short term momentum for SUNATION ENERGY INC (SUNE) stock?
The short term momentum for SUNATION ENERGY INC (SUNE) is negative.
Can you provide the support and resistance levels for SUNATION ENERGY INC?
SUNATION ENERGY INC (SUNE) has a resistance level at 1.43. Check the full technical report for our detailed analysis of SUNE support and resistance levels.