SUNATION ENERGY INC (SUNE) Stock Technical Analysis
NASDAQ:SUNE • US72303P5035
We assign a technical rating of 5 out of 10 to SUNE. Recently some decent action could be observed, but in the medium term time frame this is still negative. SUNE was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, SUNE is a bad performer in the overall market: 93% of all stocks are doing better.
- SUNE is part of the Electrical Equipment industry. There are 92 other stocks in this industry, of which 79% are performing better than SUNE.
- SUNE is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- SUNE has an average volume of 3395580 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- In the last month SUNE has a been trading in the 0.68 - 2.73 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
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
1.50
We found 1 important resistance area.
- Resistance @2.10 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 | UP | POSITIVE | The short term trend for SUNE is up. |
| ChartMill Relative Strength | 7.52 | NEGATIVE | SUNE has a low relative strength, it was outperformed by 92.48% 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) | DOWN | MIXED | The current price of SUNE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.18 | NEUTRAL | The RSI value for SUNE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests SUNE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 51.97 | NEUTRAL | The Stochastics value for SUNE is a neutral value. |
| Average True Range in percent/ATR (20) | 19.6 | HIGH VOLATILITY | The high ATR as a percentage value for SUNE suggests high volalility. |
| Average Directional Index/ADX (14) | 36.98 | POSITIVE | The high ADX value value for SUNE suggests a strong trend. |
1.52
-0.19 (-11.11%)
SUNATION ENERGY INC / SUNE FAQ
What is the technical rating for SUNE stock?
ChartMill assigns a technical rating of 5 / 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 54.1838. This indicates that the stock is currently neutral.
What is the MACD signal for SUNE stock?
The MACD indicator for SUNATION ENERGY INC (SUNE) has a value of 0.0642939, 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.