SUNE Technical Analysis - SUNATION ENERGY INC

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to SUNE. 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 negative, as is the long term trend. There should be more interesting stocks out there.

100% of all other stocks performed better in the past year than SUNE.

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 1.39 - 1.52 range, which is quite wide. It is currently trading near the lows of this range.

Considerably lower volume is observed in the last couple of days.

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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 bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.43. Right above this resistance zone may be a good entry point.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.37

1.80

When analyzing the support we notice one important area.

Support @1.38 from a horizontal line in the daily time frame.

We can see 3 important resistance areas.

A resistance zone ranging from 1.43 to 1.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 1.51 to 1.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @1.78 from a horizontal line in the daily time frame.

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What is Support and Resistance

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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	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)	41.01	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)	20.53	NEUTRAL	The Stochastics value for SUNE is a neutral value.
Average True Range in percent/ATR (20)	4.14	MEDIUM VOLATILITY	The ATR as a percentage value for SUNE suggests some volalility.
Average Directional Index/ADX (14)	5.17	NEGATIVE	The low ADX value for SUNE suggests a weak or negative trend.