SunPower Technical Analysis (NASDAQ:SPWR)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The SPWR stock chart pattern can give those who understand technical analysis an indication of which way SPWR stock is headed, but cannot predict with 100% certainty as to what can happen to the SunPower stock price.
See SunPower bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of SunPower stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
SunPower Moving Average
Moving averages show the average price of SPWR stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $7.16 is above the price of $6.64.
SunPower Bollinger Bands
Bollinger bands comprise of a center line usually SPWR SMA, and two SPWR stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $6.64 is in the lower range of SunPower bollinger bands.
SunPower Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The SunPower MACD indicator can be used to identify bullish and bearish trends for the stock.
SunPower Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of SPWR stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.