SunPower Corporation (NASDAQ:SPWR) Fell By -5.9%, But Why?

In its most recent trading session, SunPower Corporation (NASDAQ:SPWR) dropped by -5.9% – here is what that looked like (as of 2020-01-06):

What’s the reason for these moves? To grasp this action better, We ought to analyze some technical indicators. As we see it, you should pay the most attention to the following:

A Money Flow Index (MFI) of 52.205, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.007, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.456, an Accumulation/Distribution Index (ADI) of 0.456, an On-Balance Volume (OBV) of 2600.439, and a Chaiikin Money Flow (CMF) of 7.83. 17.889

So what do these technical indicators mean? Let’s see. According to Trading View, this is what it all means:

That is what an analysis of technical indicators seems to indicate for SunPower Corporation (NASDAQ:SPWR). Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.