RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of RUN
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Sunrun stock price ended at $13.18 on Thursday, after gaining 0.611%.
(Updated on Mar 28, 2024)

Buy candidate since Mar 27, 2024 Gain 0.61% PDF

The Sunrun stock price gained 0.611% on the last trading day (Thursday, 28th Mar 2024), rising from $13.10 to $13.18. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 6.88% from a day low at $12.71 to a day high of $13.59. The price has risen in 8 of the last 10 days and is up by 38.59% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 28 million more shares were traded than the day before. In total, 54 million shares were bought and sold for approximately $714.22 million.

The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $14.06 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -30.58% during the next 3 months and, with a 90% probability hold a price between $5.76 and $9.76 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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RUN Signals & Forecast

Mostly positive signals in the chart today. The Sunrun stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $11.86 and $12.74. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 38.59%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Sunrun stock

Sunrun finds support from accumulated volume at $13.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.87 between high and low, or 6.88%. For the last week, the stock has had daily average volatility of 7.68%.

Our recommended stop-loss: $12.66 (-3.92%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (RUN) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Sunrun Inc. to open at $13.16, and during the day (based on 14 day Average True Range), to move between $12.20 and $14.16, which gives a possible trading interval of +/-$0.98 (+/-7.42%) up or down from last closing price. If Sunrun Inc. takes out the full calculated possible swing range there will be an estimated 14.84% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $13.10 (0.61%) than the resistance at $14.21 (7.81%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Sunrun Inc. stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 1.996 Buy Candidate Unchanged

Predicted Opening Price for Sunrun Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$13.16 ( 0.164%) $13.18

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for RUN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 14.03 6.47 %
R2 13.70 3.94 %
R1 13.49 2.37 %
Current price: 13.18
Support S1 12.82 -2.70 %
S2 12.62 -4.27 %
S3 12.28 -6.80 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 14.90 13.05 %
R2 14.48 9.86 %
R1 14.21 7.81 %
Current price 13.18
Support S1 13.10 -0.607%
S2 12.78 -3.03%
S3 11.90 -9.71%

FAQ

What is the symbol for Sunrun Stock and on which exchange is it traded?
The symbol for Sunrun is RUN and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Sunrun Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

How to buy Sunrun Stock?
Sunrun Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Sunrun Stock.

What's the current price of Sunrun Stock?
As of the end of day on the 2024-03-28, the price of an Sunrun (RUN) share was $13.18.

What is the 52-week high and low for Sunrun Stock?
The 52-week high for Sunrun Stock is $23.85 and the 52-week low is $8.43.

What is the market capitalization of Sunrun Stock?
As of the 2024-03-28, the market capitalization of Sunrun is 2.877B.

When is the next earnings date for Sunrun?
The upcoming earnings date for Sunrun is May 01, 2024.
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About Sunrun Inc.

Sunrun Sunrun Inc. engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems. Its primary customers are residential homeowners. The company markets and sells its products throug... RUN Profile

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