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 SPWR
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SunPower Corporation stock upgraded to Hold/Accumulate.
(Updated on Mar 28, 2024)

Hold candidate since Mar 28, 2024 PDF

The SunPower Corporation stock price gained 4.53% on the last trading day (Thursday, 28th Mar 2024), rising from $2.87 to $3.00. During the last trading day the stock fluctuated 8.90% from a day low at $2.81 to a day high of $3.06. The price has been going up and down for this period, and there has been a 12.36% gain for the last 2 weeks. Volume fell on the last day by -2 million shares and in total, 6 million shares were bought and sold for approximately $18.31 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -24.11% during the next 3 months and, with a 90% probability hold a price between $1.86 and $2.82 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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SPWR Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 20.48%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The SunPower Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $3.15. On a fall, the stock will find some support from the short-term average at $2.81. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for SunPower Corporation stock

SunPower Corporation finds support from accumulated volume at $2.99 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 $0.250 between high and low, or 8.90%. For the last week, the stock has had daily average volatility of 10.14%.

Our recommended stop-loss: $2.89 (-3.52%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 2 days ago.)

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

For the upcoming trading day on Monday, 1st we expect SunPower Corporation to open at $2.96, and during the day (based on 14 day Average True Range), to move between $2.72 and $3.28, which gives a possible trading interval of +/-$0.279 (+/-9.31%) up or down from last closing price. If SunPower Corporation takes out the full calculated possible swing range there will be an estimated 18.62% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.99 (0.33%) than the resistance at $3.03 (1.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is SunPower Corporation stock A Buy?

SunPower Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.367 Hold/Accumulate Upgraded

Predicted Opening Price for SunPower Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$2.96 ( 1.44%) $3.00

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

Trading levels for SPWR

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3.21 6.89 %
R2 3.11 3.71 %
R1 3.05 1.74 %
Current price: 3.00
Support S1 2.86 -4.63 %
S2 2.80 -6.59 %
S3 2.71 -9.78 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 3.70 23.33 %
R2 3.25 8.33 %
R1 3.03 1.00 %
Current price 3.00
Support S1 2.99 -0.333%
S2 2.98 -0.667%
S3 2.94 -2.00%

FAQ

What is the symbol for SunPower Corporation Stock and on which exchange is it traded?
The symbol for SunPower Corporation is SPWR and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell SunPower Corporation Stock?
SunPower Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

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

What's the current price of SunPower Corporation Stock?
As of the end of day on the 2024-03-28, the price of an SunPower Corporation (SPWR) share was $3.00.

What is the 52-week high and low for SunPower Corporation Stock?
The 52-week high for SunPower Corporation Stock is $14.92 and the 52-week low is $2.49.

What is the market capitalization of SunPower Corporation Stock?
As of the 2024-03-28, the market capitalization of SunPower Corporation is 526.083M.

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

SunPower SunPower Corporation, a solar technology and energy services provider, offers solar, storage, and home energy solutions to customers primarily in the United States and Canada. It operates through Residential, Light Commercial; Commercial and Industrial Solutions; and Others segments. The company provides solar, storage, and home energy solutions and components through a combination of its third-party installing and non-installing dealer network a... SPWR Profile

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