1FSLR Technical Analysis - FIRST SOLAR INC

Technical Rating and Analysis

Overall 1FSLR gets a technical rating of 4 out of 10. 1FSLR has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.

100% of all other stocks performed better in the past year than 1FSLR.

1FSLR is part of the Semiconductors & Semiconductor Equipment industry. There are 56 other stocks in this industry, of which 89% are performing better than 1FSLR.

Warning: 1FSLR has an average volume of 138 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long and short term trends are both positive. This is looking good!

In the last month 1FSLR has a been trading in the 112.92 - 187.00 range, which is quite wide. It is currently trading near the high of this range.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

FIRST SOLAR INC / 1FSLR Weekly stock chart

FIRST SOLAR INC / 1FSLR Daily stock chart

Setup Rating and Analysis

1FSLR has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

149.42

186.11

We found 1 important support area.

A support zone ranging from 150.93 to 154.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

When analyzing the resistance we notice one important area.

Resistance @184.27 from a horizontal line in the daily time frame.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for 1FSLR.MI is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for 1FSLR.MI is up.
ChartMill Relative Strength	0	NEGATIVE	1FSLR.MI has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of 1FSLR.MI is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of 1FSLR.MI is above a declining SMA(50).
Relative Strength Index/RSI (14)	57.25	NEUTRAL	The RSI value for 1FSLR.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	3.9	POSITIVE	The MACD value suggests 1FSLR.MI has a positive trend.
Stochastics (14,3)	82.7	OVERBOUGHT	The high Stochastics value suggests 1FSLR.MI may be overbought.
Average True Range in percent/ATR (20)	6.91	HIGH VOLATILITY	The high ATR as a percentage value for 1FSLR.MI suggests high volalility.
Average Directional Index/ADX (14)	14.59	NEGATIVE	The low ADX value for 1FSLR.MI suggests a weak or negative trend.