SUNE Technical Analysis - SUNATION ENERGY INC

Technical Rating and Analysis

Taking everything into account, SUNE scores 2 out of 10 in our technical rating. SUNE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

When comparing the yearly performance of all stocks, SUNE is a bad performer in the overall market: 100% of all stocks are doing better.

SUNE is part of the Electrical Equipment industry. There are 92 other stocks in this industry, of which 94% are performing better than SUNE.

In the last month SUNE has a been trading in the 1.38 - 1.74 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SUNATION ENERGY INC / SUNE Weekly stock chart

SUNATION ENERGY INC / SUNE Daily stock chart

Setup Rating and Analysis

SUNE has a poor technical rating and the quality of the setup is also not perfect 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

1.37

1.72

2 important support areas can be observed.

A support zone ranging from 1.48 to 1.49. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 1.38 to 1.41. This zone is formed by a combination of multiple trend lines in multiple time frames.

2 important resistance areas can be observed.

Resistance @1.51 from a horizontal line in the weekly time frame.
A resistance zone ranging from 1.68 to 1.70. This zone is formed by a combination of multiple trend lines 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	DOWN	NEGATIVE	The long term trend for SUNE is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for SUNE is neutral.
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)	UP	POSITIVE	The current price of SUNE is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of SUNE is above 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)	49.42	NEUTRAL	The RSI value for SUNE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests SUNE has a positive trend, although the MACD value is declining.
Stochastics (14,3)	45.37	NEUTRAL	The Stochastics value for SUNE is a neutral value.
Average True Range in percent/ATR (20)	5.08	HIGH VOLATILITY	The high ATR as a percentage value for SUNE suggests high volalility.
Average Directional Index/ADX (14)	21.22	NEUTRAL	The ADX value for SUNE suggests a possible start of a new trend.