SOLARBANK CORP (SUUN) Stock Technical Analysis
NASDAQ:SUUN - Nasdaq - CA83417Y1088 - Common Stock - Currency: USD
Overall SUUN gets a technical rating of 0 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, SUUN is a bad performer in the overall market: 99% of all stocks are doing better.
SUUN is part of the Construction & Engineering industry. There are 52 other stocks in this industry, of which 76% are performing better than SUUN.
SUUN is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so SUUN is lagging the market.
In the last month SUUN has a been trading in the 1.23 - 2.24 range, which is quite wide. It is currently trading near the lows of this range.
Volume is considerably higher in the last couple of days.
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
1.43
1.45
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 | 1.73 | NEGATIVE | SUUN has a low relative strength, it was outperformed by 98.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SUUN is below a declining 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) | 25.42 | OVERSOLD | The low RSI value suggests SUUN may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SUUN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.33 | OVERSOLD | The low Stochastics value suggests SUUN may be oversold. |
| Average True Range in percent/ATR (20) | 11.1 | HIGH VOLATILITY | The high ATR as a percentage value for SUUN suggests high volalility. |
| Average Directional Index/ADX (14) | 41.62 | 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)
1.44
-0.09 (-5.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg-5.88%
1 Week-3.77%
2 Weeks-15.93%
1 Month-31.39%
3 Month-58.54%
6 Month-34.7%
12 Month-73.76%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%11.1%
ATR Inc344.11%
Range Today0.25
ADR(20)0.17
ADR(20)%11.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.73
Mansfield-5.83
10 Day High2.19
10 Day Low1.23
20 Day High2.24
20 Day Low1.23
52 Week High6.65
52 Week Low1.23
CS1 EndN/A
CR1 StartN/A
Volume & EV
DER(3)-17%
DER(5)-11.62%
Volume558.18K
Volume Incr451.2%
Vol(5)850.72K
Vol(50)241.02K