SUNWORKS INC.

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Change:	-
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Type:	Stocks
Ticker:	SUNW
ISIN:

SUNWORKS INC. - Daily - Technical analysis published on 03/19/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

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SUNWORKS INC. Chart

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Slightly bullish

Technical indicators

50%

My opinion

Bearish under 15.71 USD

My targets

12.60 USD (-6.80%)

10.62 USD (-21.45%)

My analysis

The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for SUNWORKS INC. as long as the price remains well below 15.71 USD. The next bearish objective for sellers is set at 12.60 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 10.62 USD. In case of crossing, the next objective would be the support located at 8.73 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 12.60 USD. With this support, against the trend traders who want to buy SUNWORKS INC. on a buy signal from their trading strategy should not hesitate to act.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by savas.

Additional analysis

Quotes

SUNWORKS INC. rating 13.52 USD. The price has increased by +2.42% since the last closing and was traded between 12.73 USD and 13.98 USD over the period. The price is currently at +6.21% from its lowest and -3.29% from its highest.

12.73

13.98

13.52

Here is a more detailed summary of the historical variations registered by SUNWORKS INC.:

Technical

A technical analysis in Daily of this SUNWORKS INC. chart shows a slightly bullish trend. 60.71% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

RSI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	8.73	10.62	12.60	13.52	15.86	21.37	24.37
Change (%)	-35.43%	-21.45%	-6.80%	-	+17.31%	+58.06%	+80.25%
Change	-4.79	-2.90	-0.92	-	+2.34	+7.85	+10.85
Level	Major	Major	Major	-	Intermediate	Minor	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.68	12.35	12.77	13.44	13.86	14.53	14.95
Camarilla	12.90	13.00	13.10	13.20	13.30	13.40	13.50
Woodie	11.57	12.29	12.66	13.38	13.75	14.47	14.84
Fibonacci	12.35	12.76	13.02	13.44	13.85	14.11	14.53

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.39	7.78	11.82	14.21	18.25	20.64	24.68
Camarilla	14.09	14.68	15.27	15.86	16.45	17.04	17.63
Woodie	6.22	8.19	12.65	14.62	19.08	21.05	25.51
Fibonacci	7.78	10.24	11.75	14.21	16.67	18.18	20.64

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-5.87	2.16	7.68	15.71	21.23	29.26	34.78
Camarilla	9.46	10.71	11.95	13.19	14.43	15.67	16.92
Woodie	-7.14	1.53	6.42	15.08	19.97	28.63	33.52
Fibonacci	2.16	7.34	10.54	15.71	20.89	24.09	29.26

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	48.32
MACD (12,26,9):	-0.3500
Directional Movement:	-3.64
AROON (14):	35.72
DEMA (21):	13.75
Parabolic SAR (0,02-0,02-0,2):	11.80
Elder Ray (13):	-0.63
Super Trend (3,10):	18.14
Zig ZAG (10):	13.90
VORTEX (21):	0.9100
Stochastique (14,3,5):	64.53
TEMA (21):	13.05
Williams %R (14):	-33.77
Chande Momentum Oscillator (20):	0.43
Repulse (5,40,3):	7.7900
ROCnROLL:	-1
TRIX (15,9):	-0.5500
Courbe Coppock:	8.03

MA7:	14.46
MA20:	13.53
MA50:	15.51
MA100:	9.88
MAexp7:	13.85
MAexp20:	14.19
MAexp50:	13.58
MAexp100:	10.93
Price / MA7:	-6.50%
Price / MA20:	-0.07%
Price / MA50:	-12.83%
Price / MA100:	+36.84%
Price / MAexp7:	-2.38%
Price / MAexp20:	-4.72%
Price / MAexp50:	-0.44%
Price / MAexp100:	+23.70%

Quotes : 2021-03-19 19:13:03 - 15 min delayed data - NASDAQ Stocks

News

The latest news and videos published on SUNWORKS INC. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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