Sunrun Stock Forecast

RUN Signals & Forecast

The Sunrun stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $13.75. On a fall, the stock will find some support from the long-term average at approximately $11.14. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, December 04, 2023, and so far it has fallen -10.61%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

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Support, Risk & Stop-loss for Sunrun stock

Sunrun finds support from accumulated volume at $12.30 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $1.39 between high and low, or 11.00%. For the last week, the stock has had daily average volatility of 6.99%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (RUN) For The Upcoming Trading Day Of Monday 11th

For the upcoming trading day on Monday, 11th we expect Sunrun Inc. to open at $13.19, and during the day (based on 14 day Average True Range), to move between $11.93 and $13.85, which gives a possible trading interval of +/-$0.96 (+/-7.46%) up or down from last closing price. If Sunrun Inc. takes out the full calculated possible swing range there will be an estimated 14.91% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $12.90 (0.08%) than the support at $12.30 (4.58%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Sunrun Inc. stock A Buy?

Sunrun holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -1.264 Open Broker Account

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