Sunedison Inc (NYSE:SUNE) Trading Outlook
SUNEDISON INC closed up 1.770 at 16.020. Volume was 21% above average (neutral) and Bollinger Bands were 301% wider than normal.
Open High Low Close Volume___
14.680 16.140 14.660 16.020 17,190,508
Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 18.23 27.46 23.91
Volatility: 222 113 81
Volume: 47,935,940 17,849,130 12,357,540
The current market condition for SUNEDISON INC is:
Very Bearish
The close is currently Below it’s 200 period moving average.
The close is currently Below it’s 90 period moving average.
The close is currently Below it’s 30 period moving average.
Investing in New Technology and New Markets, HEFFX Can Help
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
Summary
SUNEDISON INC is currently 33.0% below its 200-period moving average and is in an downward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect very strong flows of volume out of SUNE.K (bearish). Our trend forecasting oscillators are currently bearish on SUNE.K and have had this outlook for the last 16 periods. Our momentum oscillator is currently indicating that SUNE.K is currently in an oversold condition.
HEFFX Momentum Indicators
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
Stochastic Oscillator
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 24.8727. This is not an overbought or oversold reading. The last signal was a buy 0 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 27.73. This is where it usually bottoms. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 53 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -77. This is not a topping or bottoming area. The last signal was a buy 0 period(s) ago.
MACD
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 16 period(s) ago.
SunEdison, Inc. (SunEdison), incorporated on October 1, 1984, is a developer and seller of photovoltaic energy solutions, an owner and operator of clean power generation assets, and a developer and manufacturer of silicon wafers. The Company operates in three segments: Solar Energy, TerraForm Power and Semiconductor Materials through SunEdison Semiconductor Ltd. (SSL). The Company owns directly or indirectly, wind and solar operating and development projects representing 1.6 Gigawatts (GW) of pipeline and backlog and development opportunities representing more than 6.4 GW of wind and solar projects.
Solar Energy Segment
The Company’s Solar Energy segment provides solar energy services that integrate the design, installation, financing, monitoring, operations and maintenance portions of the downstream solar market for the Company’s customers. The Company’s Solar Energy segment also owns and operates solar power plants and manufactures polysilicon and silicon wafers and subcontracts the assembly of solar modules to support the Company’s downstream solar business, as well as for sale to external customers as market conditions dictate. As of December 31, 2014, the Company interconnected over 974 solar power systems representing 2.35 GW of solar energy generating capacity. As of December 31, 2014, the Company had 467 megawatts of projects under construction and 5.1 GW in pipeline. In support of the Company’s downstream solar business, the Company’s Solar Energy segment manufactures polysilicon, silicon wafers and solar modules. Additionally, the Company’s Solar Energy segment sells solar modules to third parties.
The Company develops and constructs solar power generation assets and retains the assets on the balance sheet. These assets produce electricity that is sold to the energy consumer or utility generator. The Company’s solar energy customers fall into three categories: commercial customers, which include national retail chains and real estate property management firms; federal, state and municipal Governments, and utilities. The Company’s international business operations focus primarily in certain areas in Europe, Canada, Latin America, South Africa and India. The Company provides software applications to provide customers’ control over their assets, including software to monitor, report, and diagnose performance. The Company’s also provides data analytics and insights to understand key drivers of assets performance and offers advisory services to enhance assets performance.
TerraForm Power Segment
The Company’s TerraForm Power segment owns and operates clean power generation assets, both developed by the Solar Energy segment and acquired through third party acquisitions that sell electricity through long-term power purchase agreements to utility, commercial, and residential customers. TerraForm Power segment focuses on the solar and wind energy segments.
Semiconductor Materials Segment
The Company’s Semiconductor Materials segment includes the manufacture and sale of silicon wafers to the semiconductor industry. SSL offers wafers with a range of features, which vary in size, surface features, composition, purity levels, crystal properties and electrical properties. SSL’s monocrystalline wafers for use in semiconductor applications range in size from 100 millimeter to 300 millimeter and are round in shape for semiconductor customers. These wafers are used as the starting material for the manufacture of various types of semiconductor devices, including microprocessor, memory, logic and power devices. The Company’s monocrystalline wafers for semiconductor applications include four general categories of wafers: prime, epitaxial (EPI), test/monitor and silicon-on-insulator (SOI) wafers.
SSL’s polished wafers are used in a range of applications, including memory, analog, radio frequency (RF) devices, digital signal processors (DSPs) and power devices. SSL’s polished wafer is a polished, refined wafer with a flat surface. SSL’s OPTIA wafer is a crystalline structure based on its technologies and processes, including MDZ. SSL’s MDZ product feature draws impurities away from the surface of the wafer during device processing. The Company’s annealed wafer is a polished wafer with near surface crystalline defects dissolved during a high-temperature thermal treatment. SSL also supply’s test/monitor wafers to its customers for their use in testing semiconductor fabrication lines and processes.
SSL’s EPI wafers are used in mobile device and cloud infrastructure applications. SSL’s wafers consist of a thin silicon layer grown on the polished surface of the wafer. SSL designed its AEGIS product for certain specialized applications requiring high resistivity EPI wafers. The AEGIS wafer includes a thin epitaxial layer. SSL’s SOI wafers have three layers: a thin surface layer of silicon where the transistors are formed, an underlying layer of insulating material and a support or handle bulk semiconductor wafer. SSL sells its products to semiconductor manufacturers, including integrated device manufacturers and semiconductor foundries and to companies that specialize in wafer customization. SSL services its customers through its 13 global locations, including manufacturing plants and sales and services offices.
The Company competes with E.On, Enel, NextEra, NRG, SunPower Corporation, First Solar, Inc., JUWI Solar Gmbh, Solar City, Shin-Etsu Handotai, SUMCO, Siltronic and LG Siltron.
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