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 SUNW
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Sunworks, Inc. stock price down 0% on Thursday
(Updated on Mar 28, 2024)

Hold candidate since Feb 16, 2024 PDF

No changes to the price of Sunworks, Inc. stock on the last trading day (Thursday, 28th Mar 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0600 to a day high of $0.0600. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.

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 $0.0903 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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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SUNW Signals & Forecast

There are mixed signals in the stock today. The Sunworks, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.0600 and $0.0635. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Wednesday, February 14, 2024, and so far it has fallen 0%. 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).

Support, Risk & Stop-loss for Sunworks, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0560 and $0.0544. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0544 may give a huge drop in the stock price.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%

Our recommended stop-loss: $0.0564 (-6.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)

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

For the upcoming trading day on Monday, 1st we expect Sunworks, Inc. to open at $0.0600, and during the day (based on 14 day Average True Range), to move between $0.0554 and $0.0646, which gives a possible trading interval of +/-$0.0046 (+/-7.71%) up or down from last closing price. If Sunworks, Inc. takes out the full calculated possible swing range there will be an estimated 15.42% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $0.0560, some $0.0040 (6.67%) from the current price of $0.0600, our system finds the risk reward attractive.

Is Sunworks, Inc. stock A Buy?

Sunworks, Inc. 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.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

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

Fair opening price April 1, 2024 Current price
$0.0600 ( 0%) $0.0600

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

Trading levels for SUNW

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.0600 .
R2 0.0600 .
R1 0.0600 .
Current price: 0.0600
Support S1 0.0600 .
S2 0.0600 .
S3 0.0600 .

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 0.0600
Support S1 0.0560 -6.67%
S2 0.0544 -9.33%
S3 0 .

FAQ

What is the symbol for Sunworks, Inc. Stock and on which exchange is it traded?
The symbol for Sunworks, Inc. is SUNW and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Sunworks, Inc. Stock?
Sunworks, Inc. 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.

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

What's the current price of Sunworks, Inc. Stock?
As of the end of day on the 2024-03-28, the price of an Sunworks, Inc. (SUNW) share was $0.0600.

What is the 52-week high and low for Sunworks, Inc. Stock?
The 52-week high for Sunworks, Inc. Stock is $2.11 and the 52-week low is $0.0364.

What is the market capitalization of Sunworks, Inc. Stock?
As of the 2024-03-28, the market capitalization of Sunworks, Inc. is 3.407M.

When is the next earnings date for Sunworks, Inc.?
The upcoming earnings date for Sunworks, Inc. is May 20, 2024.
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About Sunworks, Inc.

Sunworks. Sunworks, Inc., through its subsidiaries, provides photovoltaic and battery based power and storage systems for the agricultural, commercial, industrial, public works, and residential markets in the United States. It also designs, finances, integrates, installs, and manages systems ranging in size from 2 kilowatt for residential projects to multi megawatt systems for larger commercial and public works projects. The company was formerly known as S... SUNW Profile

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