 Solution

$V(x)$ is the particle's potential energy as a function of position, and $E$ is its total energy eigenvalue in this time-independent Schrödinger equation. Solving it with the boundary conditions determines the allowed stationary states and energy levels.

The wavefunction is a probability amplitude: the Born rule gives position probability density $|\psi (x){|}^2$, normalized to unit integral for one particle. $\psi$ itself need not be real or positive and is not a classical matter-density profile. The full stationary-state time dependence is $\Psi (x,t)=\psi (x)e^{-iEt/\hslash }$, leaving $|\Psi {|}^2$ time independent.