Overall SUNE gets a technical rating of 0 out of 10. 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.
- 98% of all other stocks performed better in the past year than SUNE.
- SUNE is one of the lesser performing stocks in the Electrical Equipment industry. 90% of 91 stocks in the same industry do better.
- SUNE is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month SUNE has a been trading in the 1.03 - 1.17 range, which is quite wide. It is currently trading near the lows of this range.
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.
More info and screens
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When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 1.02 to 1.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.10 from a trend line in the daily time frame.
- A resistance zone ranging from 1.12 to 1.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.28 from a trend line in the weekly time frame.
- Resistance @1.44 from a trend line in the daily 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 | 2.73 | NEGATIVE | SUNE has a low relative strength, it was outperformed by 97.27% 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) | 41.75 | 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) | 50.26 | NEUTRAL | The Stochastics value for SUNE is a neutral value. |
| Average True Range in percent/ATR (20) | 4.94 | MEDIUM VOLATILITY | The ATR as a percentage value for SUNE suggests some volalility. |
| Average Directional Index/ADX (14) | 19.52 | NEGATIVE | The low ADX value for SUNE suggests a weak or negative trend. |
0.99
-0.07 (-6.6%)
SUNATION ENERGY INC / SUNE FAQ
What is the technical rating for SUNE stock?
ChartMill assigns a technical rating of 0 / 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 41.7498. 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 0.0096798, 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 negative.