We assign a technical rating of 8 out of 10 to FSLR. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FSLR is showing a nice and steady performance.
FSLR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 272.93. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 258.45, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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221.12
When analyzing the support we can see 3 important areas.
- A support zone ranging from 258.17 to 258.45. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 249.90 to 251.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @223.35 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 272.93 to 277.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 FSLR is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FSLR is neutral. |
| ChartMill Relative Strength | 89.43 | POSITIVE | FSLR has a high relative strength, it outperformed 89.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of FSLR is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FSLR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FSLR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.05 | NEUTRAL | The RSI value for FSLR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.08 | NEGATIVE | The MACD value suggests FSLR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.27 | NEUTRAL | The Stochastics value for FSLR is a neutral value. |
| Average True Range in percent/ATR (20) | 4.42 | MEDIUM VOLATILITY | The ATR as a percentage value for FSLR suggests some volalility. |
| Average Directional Index/ADX (14) | 10.85 | NEGATIVE | The low ADX value for FSLR suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 277.41 | 258.16 | 19.25 (6.94%) | 14.41% |
| An entry @277.41. This is a Buy Stop order right above the resistance zone. | An exit @258.16. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 19.25 points, which is 6.94%. | For a 1.00% total portfolio risk, you can invest 14.41% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
258.51
+2.62 (+1.02%)
FIRST SOLAR INC / FSLR FAQ
What is the technical rating for FSLR stock?
ChartMill assigns a technical rating of 8 / 10 to FSLR.
What is the current trend direction of FIRST SOLAR INC (FSLR) stock?
The current trend direction for FIRST SOLAR INC (FSLR) is Bullish.
Can you provide the RSI signal for FIRST SOLAR INC?
FIRST SOLAR INC (FSLR) has an RSI value of 51.047. This indicates that the stock is currently neutral.
What is the support and resistance level for FSLR stock?
FIRST SOLAR INC (FSLR) has a support level at 258.45 and a resistance level at 272.93. Check the full technical report for our detailed analysis of FSLR support and resistance levels.