Will maxn rise tomorrow
7/19/2024 08:24am
**Maxeon Solar Technologies (MAXN) is unlikely to experience a significant rise in its stock price tomorrow.** Here's the analysis to support this conclusion:
1. **Recent Stock Performance**: The stock has experienced a substantial decline, with a 52-week range of $0.17 to $28.45, indicating a high degree of volatility. The recent trading activity shows a mixed sentiment, with a 36% bullish sentiment and 30% bearish sentiment among big-money traders. However, the stock's price has been oversold, as indicated by the Relative Strength Index (RSI) of 27.56, which could potentially lead to a short-term rebound.
|Ticker|Name|MACD|Date|code|market_code|
|---|---|---|---|---|---|
|MAXN.O|Maxeon Solar|0.0818|20240718|MAXN|185|
|Ticker|Name|KDJ|Date|code|market_code|
|---|---|---|---|---|---|
|MAXN.O|Maxeon Solar|54.7143|20240717|MAXN|185|
2. **Technical Indicators**: The stock's Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) do not provide clear signals for a rise. The MACD is not available, and the RSI is at an oversold level, which could suggest a potential rebound, but it doesn't guarantee a rise.
|Ticker|Name|Resistance Level|Date|code|market_code|
|---|---|---|---|---|---|
|MAXN.O|Maxeon Solar|0.2743|20240718|MAXN|185|
3. **Support and Resistance Levels**: The resistance and support levels for MAXN are not available. Without this information, it's challenging to predict whether the stock will break through any resistance levels or find support at current levels.
4. **Market Sentiment**: The overall sentiment among analysts is bearish, with a moderate sell rating consensus and a significant downward revision in price targets. This suggests that analysts do not expect a strong recovery in the near term.
5. **Company Fundamentals**: The company's fundamentals are poor, with low profitability, high debt levels, and downgraded sales and earnings expectations. This could negatively impact investor confidence and the stock's price.
In conclusion, while there is a potential for a short-term rebound due to oversold conditions, the lack of positive technical indicators, the bearish sentiment among analysts, and the poor company fundamentals make it unlikely that MAXN will experience a significant rise in its stock price tomorrow. Investors should exercise caution and consider these factors when making investment decisions.