SUUN Technical Analysis - POWERBANK CORP

Technical Rating and Analysis

We assign a technical rating of 5 out of 10 to SUUN. SUUN has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.

79% of all other stocks performed better in the past year 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.

The long and short term trends are both neutral. This gives a pretty neutral overall picture!

SUUN is an average performer in the Construction & Engineering industry, it outperforms 41% of 54 stocks in the same industry.

In the last month SUUN has a been trading in the 1.46 - 2.35 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

POWERBANK CORP / SUUN Weekly stock chart

Setup Rating and Analysis

SUUN 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.59

2.51

When analyzing the support we can see 2 important areas.

Support @1.85 from a horizontal line in the daily time frame.
A support zone ranging from 1.61 to 1.61. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 1.96 to 1.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @2.16 from a horizontal line in the daily time frame.
Resistance @2.49 from a horizontal line in the daily time frame.

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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	NEUTRAL	NEUTRAL	The long term trend for SUUN is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for SUUN is neutral.
ChartMill Relative Strength	21.85	NEGATIVE	SUUN has a low relative strength, it was outperformed by 78.15% 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)	UP	POSITIVE	The current price of SUUN is above the rising 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)	50.71	NEUTRAL	The RSI value for SUUN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests SUUN has a positive trend, although the MACD value is declining.
Stochastics (14,3)	56.18	NEUTRAL	The Stochastics value for SUUN is a neutral value.
Average True Range in percent/ATR (20)	8.78	HIGH VOLATILITY	The high ATR as a percentage value for SUUN suggests high volalility.
Average Directional Index/ADX (14)	20.5	NEUTRAL	The ADX value for SUUN suggests a possible start of a new trend.