As we have all been impacted of the recent stock market decrease, I've been closely monitoring the price behavior of RUN, which has exhibited an intriguing pattern. The stock experienced a halt in its decline after reaching the 78.6% Fibonacci retracement level. This suggests a strong pullback may have occurred at that point. Taking a comprehensive approach by...
RUN has previously confirmed his overall bullish market structure by creating sub sequential Higher high and Higher low, we might expect a reversal or a strong trend continuation after price has passed between 21.48 and 20.60 $.
The TA is simple.
RUN has fallen below it's trend line and I believe this is unjustified in light of the companies fundamentals.
Solar and energy are hot markets as public pressure weighs on fossil fuel companies.
SunRun has solid earnings through a very bearish 2022,
and despite being not far off from First Solar in revenue, RUN hasn't received anywhere close...
Sunrun has been sold heavily after the news about SVB. I think FUD affected SUNRUN heavily. The chart is showing that we are at the support. Summer is near as well. We may see a recovery from here. Targets would be 24 and 28. Then breaking the wedge would be hudge!
Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both...
SUNRUN beat expectations but rates can be problem into the future
This is a good long term sector
$RUN has been rangebound for a long time
Close to MAJOR support & risk reward is good imo
Picked some up this morning
#solar #energy #stocks
RUN has been range bound since Feb 2022, and trading down into long terms support levels where is is repeatedly bought.
The professional entry here was opening a short position at $60 once the double top rejection was confirmed. Chasing this down and entering at the 1 year support level seems dangerous, and somewhat cavalier. I am not advocating a long position...
There are lots of bullish arguments to make for solar stocks this year, including the Inflation Reduction Act and global demand, especially in Europe. California-based Sunrun designs, installs, sells and maintains residential solar panels directly to customers. Other business areas include battery storage, leasing energy services, and a "virtual power plant" with...
Sometimes you get a trade idea that gives you both fundamentals and technicals coming together. I think this is one of those.
RUN Technical Thesis:
With the primary thesis on this trade being the fundamental story, it's nice to have some technical confluence here.
✅ Bare minimum I see this coming to a 61.8% fib retracement giving you PT 1.
✅ Head and...
RUN (SUNRUN):
Stock in a downtrend since January 2021.
If you connect the highs you get this trend line .
Watch for RUN to break this line for a potential run to 37.65. Next targets are 50 and 58.9
Trade safe.
Sunrun is a provider of photovoltaic systems and battery energy storage products, primarily for residential customers as per the official description about the company.
Solar business is a growing area and the company's financials are also improving in line with this growth trend.
The current market cap is around 5-6 billion USD and I think there will be more...
Downtrending but with diminishing candle ranges and Dojis. The MACD oscillator
has lines crossed under the histogram. Currently priced more than one standard
deviation below VWAP and ready for entry.
See also ENPH, SEGD, SUNW, and the ETF- TAN.
Sunrun looks to be retesting/rejecting resistance here which would setup a large move lower.
I think we're about to see a move lower down to $9.22. Invalidation of this move would be a break and hold above resistance line and then channel. Even if there's a short term move higher above resistance, price would need to break above the channel to turn bullish.
I'd...
RUN is benefiting from the federal incentives policies. As shown on the chart
Price has risen 48% since the earnings report which was quite favorable.
It is consistently above the Ichimoku cloud and is now in a consolidation.
I see this as a good swing-long setup with the stop loss under the cloud
or instead wait for a pullback. The target would be $37 at the...
