Technical Analysis for SPWR - SunPower Corporation

Grade Last Price % Change Price Change
F 0.12 -5.47% -0.01
SPWR closed down 5.47 percent on Thursday, August 15, 2024, on 1.2 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The bears made the stock sink to a new 52-week low. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
MACD Bullish Signal Line Cross Bullish 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
New 52 Week Low Weakness 0.00%
Wide Bands Range Expansion 0.00%
Down 3 Days in a Row Weakness 0.00%
Down 4 Days in a Row Weakness 0.00%
Oversold Stochastic Weakness 0.00%
New 52 Week Closing Low Bearish -5.47%

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Profile

SunPower Corporation Description

SunPower Corporation, an integrated solar products and solutions company, designs, manufactures, and delivers solar electric systems for residential, commercial, and utility-scale power plant customers worldwide. The company offers solar cells and panels; inverters; rooftop solar products, such as solar roof tile system and solar roof tiles; ground-mounted solar power products comprising tracker system, modular solar power blocks, and fixed tilt parking structures; and mounting structures, charge controllers, grid interconnection equipment, and other devices. It also provides end-to-end management services for project lifecycle, including site assessment, financing support, project development, and full-scale environmental and construction permitting through engineering, procurement, construction, and commissioning. In addition, the company offers power plant operations and maintenance services, such as field-based preventative maintenance services, utility-quality data collection, performance monitoring, and diagnostic and performance reporting services, as well as lifecycle asset planning and management. It serves investors, financial institutions, project developers, electric utilities, independent power producers, commercial and governmental entities, production home builders, residential owners, and small commercial building owners through its third-party global dealer network. The company was incorporated in 1985 and is headquartered in San Jose, California. SunPower Corporation is a subsidiary of Total Gas & Power USA, SAS.


Classification

Sector: Technology
Industry: Solar
Keywords: Electric Utilities Photovoltaics Solar Power Data Collection Inverters Power Producer Solar Cells Photovoltaic System Power Products Home Builders Management Services Solar Power Products

Is SPWR a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 7.76
52 Week Low 0.0912
Average Volume 22,497,127
200-Day Moving Average 3.05
50-Day Moving Average 1.89
20-Day Moving Average 0.60
10-Day Moving Average 0.35
Average True Range 0.20
RSI (14) 23.66
ADX 37.96
+DI 12.54
-DI 41.13
Chandelier Exit (Long, 3 ATRs) 2.10
Chandelier Exit (Short, 3 ATRs) 0.71
Upper Bollinger Bands 1.23
Lower Bollinger Band -0.03
Percent B (%b) 0.12
BandWidth 211.61
MACD Line -0.51
MACD Signal Line -0.51
MACD Histogram 0.0011
Fundamentals Value
Market Cap 21.53 Million
Num Shares 175 Million
EPS -0.56
Price-to-Earnings (P/E) Ratio -0.22
Price-to-Sales 0.34
Price-to-Book 1.48
PEG Ratio 0.02
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.18
Resistance 3 (R3) 0.18 0.15 0.17
Resistance 2 (R2) 0.15 0.14 0.16 0.17
Resistance 1 (R1) 0.14 0.13 0.15 0.14 0.16
Pivot Point 0.11 0.11 0.12 0.12 0.11
Support 1 (S1) 0.10 0.10 0.11 0.10 0.08
Support 2 (S2) 0.08 0.09 0.08 0.08
Support 3 (S3) 0.06 0.08 0.07
Support 4 (S4) 0.06