SUNATION ENERGY INC (SUNE) Technical Analysis
NASDAQ:SUNE • US72303P5035
Current stock price
SUNE Technical Rating and Analysis
Taking everything into account, SUNE scores 4 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, SUNE is a bad performer in the overall market: 79% of all stocks are doing better.
- SUNE is one of the lesser performing stocks in the Electrical Equipment industry. 66% of 91 stocks in the same industry do better.
- In the last month SUNE has a been trading in the 1.31 - 3.46 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- SUNE has an average volume of 4896950 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- SUNE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SUNE is lagging the market.
- Considerably lower volume is observed in the last couple of days.
SUNE Weekly and Daily overview Charts
SUNE Setup Rating and Analysis
SUNE has an average technical rating and it also does not offer a high quality setup 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
1.50
2 important support areas can be observed.
- Support @1.56 from a trend line in the daily time frame.
- Support @1.52 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.64 to 1.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | DOWN | NEGATIVE | The short term trend for SUNE is down. |
| ChartMill Relative Strength | 21.51 | NEGATIVE | SUNE has a low relative strength, it was outperformed by 78.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SUNE is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SUNE is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SUNE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.42 | NEUTRAL | The RSI value for SUNE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests SUNE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 5.37 | OVERSOLD | The low Stochastics value suggests SUNE may be oversold. |
| Average True Range in percent/ATR (20) | 23.7 | HIGH VOLATILITY | The high ATR as a percentage value for SUNE suggests high volalility. |
| Average Directional Index/ADX (14) | 24.04 | NEUTRAL | The ADX value for SUNE suggests a possible start of a new trend. |
SUNE Chart- and CandleStick Pattern Analysis
SUNE Technicals: Chart, Performance Metrics, Trend & Indicators
1.63
+0.04 (+2.52%)
SUNATION ENERGY INC / SUNE TA FAQ
What is the technical rating for SUNE stock?
ChartMill assigns a technical rating of 4 / 10 to SUNE.
What is the trend direction for SUNE stock?
The current trend direction for SUNATION ENERGY INC (SUNE) is Bearish.
What is the RSI signal for SUNATION ENERGY INC (SUNE) stock?
SUNATION ENERGY INC (SUNE) has an RSI value of 46.4196. This indicates that the stock is currently neutral.
What is the MACD signal for SUNATION ENERGY INC (SUNE) stock?
The MACD indicator for SUNATION ENERGY INC (SUNE) has a value of -0.0882512, indicating a bearish trend.
What are the support and resistance levels for SUNATION ENERGY INC (SUNE) stock?
SUNATION ENERGY INC (SUNE) has a support level at 1.56 and a resistance level at 1.64. Check the full technical report for our detailed analysis of SUNE support and resistance levels.