Maxeon Solar Technologies Ltd (MAXN) rating initates by Mizuho

ZOM Stock

Mizuho initiated its Maxeon Solar Technologies Ltd [MAXN] rating to a Neutral in a research note published on , November 21, 2023; the price target was $7.

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Price Performance Review of MAXN

On Tuesday, Maxeon Solar Technologies Ltd [NASDAQ:MAXN] saw its stock fall -10.66% to $4.61. Over the last five days, the stock has lost -9.61%. Maxeon Solar Technologies Ltd shares have fallen nearly -35.70% since the year began. Nevertheless, the stocks have fallen -79.22% over the past one year. While a 52-week high of $38.91 was reached on 01/02/24, a 52-week low of $3.91 was recorded on 01/19/24. SMA at 50 days reached $5.32, while 200 days put it at $16.32. A total of 2.45 million shares were traded, compared to the trading of 1.41 million shares in the previous session.

Levels Of Support And Resistance For MAXN Stock

The 24-hour chart illustrates a support level at 4.44, which if violated will result in even more drops to 4.28. On the upside, there is a resistance level at 4.93. A further resistance level may holdings at 5.25. The Relative Strength Index (RSI) on the 14-day chart is 40.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.11%. Stochastics %K at 29.90% indicates the stock is a holding.

How much short interest is there in Maxeon Solar Technologies Ltd?

A steep rise in short interest was recorded in Maxeon Solar Technologies Ltd stocks on Jan 11, 2024, growing by 0.95 million shares to a total of 8.58 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2023 was 7.63 million shares. There was a rise of 11.07%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 36.01% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.66.

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