SOLARBANK CORP (SUUN) Stock Technical Analysis
NASDAQ:SUUN - Nasdaq - CA83417Y1088 - Common Stock - Currency: USD
Overall SUUN gets a technical rating of 1 out of 10. SUUN'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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, SUUN is a bad performer in the overall market: 97% of all stocks are doing better.
SUUN is part of the Construction & Engineering industry. There are 52 other stocks in this industry, of which 74% are performing better than SUUN.
SUUN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month SUUN has a been trading in the 1.23 - 2.19 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of SUUN 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
1.74
1.90
We found 1 important support area.
- A support zone ranging from 1.76 to 1.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 1.79 to 1.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 1.87 to 1.88. This zone is formed by a combination of multiple trend lines and important moving averages 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 SUUN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SUUN is neutral. |
| ChartMill Relative Strength | 3.76 | NEGATIVE | SUUN has a low relative strength, it was outperformed by 96.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SUUN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SUUN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SUUN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.98 | NEUTRAL | The RSI value for SUUN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests SUUN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 60.06 | NEUTRAL | The Stochastics value for SUUN is a neutral value. |
| Average True Range in percent/ATR (20) | 10.61 | HIGH VOLATILITY | The high ATR as a percentage value for SUUN suggests high volalility. |
| Average Directional Index/ADX (14) | 34.84 | POSITIVE | The high ADX value value for SUUN suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1.79
-0.01 (-0.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg-0.56%
1 Week-3.76%
2 Weeks32.59%
1 Month1.7%
3 Month-26.94%
6 Month-12.68%
12 Month-70.46%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%10.61%
ATR Inc-69.98%
Range Today0.06
ADR(20)0.18
ADR(20)%10.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.76
Mansfield-4.79
10 Day High2.07
10 Day Low1.28
20 Day High2.19
20 Day Low1.23
52 Week High6.43
52 Week Low1.23
CS1 End1.78
CR1 Start1.79
Volume & EV
DER(3)-3.94%
DER(5)-6.48%
Volume220.60K
Volume Incr-32.7%
Vol(5)390.18K
Vol(50)339.51K