While this happened, Morgan Stanley downgraded its Maxeon Solar Technologies Ltd [MAXN] rating to an Underweight from a an Equal-weight in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who decreased its forecast for the stock in early June from “a Buy” to “a Sell”. Northland Capital also remained covering MAXN and has decreased its forecast on May 31, 2024 with a “an Under perform” recommendation from previously “Market perform” rating. Raymond James revised its rating on April 09, 2024. It rated MAXN as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of MAXN
On Tuesday, Maxeon Solar Technologies Ltd [NASDAQ:MAXN] saw its stock jump 19.72% to $4.25. Over the last five days, the stock has gained 52.33%. Maxeon Solar Technologies Ltd shares have fallen nearly -43.63% since the year began. Nevertheless, the stocks have fallen -98.18% over the past one year. While a 52-week high of $410.00 was reached on 01/02/25, a 52-week low of $2.49 was recorded on 04/04/25. SMA at 50 days reached $3.20, while 200 days put it at $7.40.
Levels Of Support And Resistance For MAXN Stock
The 24-hour chart illustrates a support level at 3.75, which if violated will result in even more drops to 3.25. On the upside, there is a resistance level at 4.54. A further resistance level may holdings at 4.83. The Relative Strength Index (RSI) on the 14-day chart is 68.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 4.97%. Stochastics %K at 74.76% indicates the stock is a holding.
