SUNATION ENERGY INC (SUNE) Technical Analysis
NASDAQ:SUNE • US72303P5035
Current stock price
SUNE Technical Rating and Analysis
Taking everything into account, SUNE scores 7 out of 10 in our technical rating. Although SUNE 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.
- SUNE is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so SUNE is lagging the market.
- In the last month SUNE has a been trading in the 1.14 - 2.93 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- SUNE has an average volume of 4815090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- Looking at the yearly performance, SUNE did better than 83% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- SUNE is part of the Electrical Equipment industry. There are 92 other stocks in this industry, SUNE did better than 62% 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.
SUNE Weekly and Daily overview Charts
SUNE Setup Rating and Analysis
Although SUNE has an excellent technical rating, it does not present a decent entry opportunity 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.
More info and screens
SUNE Support and Resistance Analysis
1.33
When analyzing the support we notice one important area.
- Support @1.34 from a trend line in the daily time frame.
SUNE 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 | DOWN | NEGATIVE | The long term trend for SUNE is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SUNE is up. |
| ChartMill Relative Strength | 83.15 | POSITIVE | SUNE has a high relative strength, it outperformed 83.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SUNE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SUNE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SUNE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.09 | OVERBOUGHT | The high RSI value suggests SUNE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests SUNE has a positive trend. |
| Stochastics (14,3) | 87.49 | OVERBOUGHT | The high Stochastics value suggests SUNE may be overbought. |
| Average True Range in percent/ATR (20) | 10.1 | HIGH VOLATILITY | The high ATR as a percentage value for SUNE suggests high volalility. |
| Average Directional Index/ADX (14) | 41.93 | POSITIVE | The high ADX value value for SUNE suggests a strong trend. |
SUNE Chart- and CandleStick Pattern Analysis
SUNE Technicals: Chart, Performance Metrics, Trend & Indicators
2.67
+0.06 (+2.3%)
SUNATION ENERGY INC / SUNE TA FAQ
What is the technical rating for SUNE stock?
ChartMill assigns a technical rating of 7 / 10 to SUNE.
What is the current trend direction of SUNATION ENERGY INC (SUNE) stock?
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 73.0854. This indicates that the stock is currently overbought.
What is the MACD signal for SUNE stock?
The MACD indicator for SUNATION ENERGY INC (SUNE) has a value of 0.158396, indicating a bearish trend.
Can you provide the short term momentum for SUNATION ENERGY INC?
The short term momentum for SUNATION ENERGY INC (SUNE) is positive.