SUNATION ENERGY INC (SUNE) Stock Technical Analysis
USA - NASDAQ:SUNE - US72303P5035 - Common Stock
Overall SUNE gets a technical rating of 0 out of 10. 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 technical rating of SUNE is bad and it also does not present a 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
1.33
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 1.35 to 1.37. 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 1.43 to 1.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.54 from a horizontal line in the weekly 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) | 43.9 | 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) | 35.5 | NEUTRAL | The Stochastics value for SUNE is a neutral value. |
| Average True Range in percent/ATR (20) | 7.12 | HIGH VOLATILITY | The high ATR as a percentage value for SUNE suggests high volalility. |
| Average Directional Index/ADX (14) | 19.63 | NEGATIVE | The low ADX value for SUNE suggests a weak or negative trend. |
1.34
-0.06 (-4.29%)
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 43.9005. 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 1.35. Check the full technical report for our detailed analysis of SUNE support and resistance levels.