FIRST SOLAR INC (FSLR)       150.96  -1.75 (-1.15%)

150.96  -1.75 (-1.15%)

US3364331070 - Common Stock - After market: 150.96 0 (0%)

Technical Rating

5

Overall FSLR gets a technical rating of 5 out of 10. In the last year, FSLR was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.



FSLR is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 97% of 108 stocks in the same industry.
FSLR is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so FSLR slightly outperforms the market at the moment.
FSLR has an average volume of 2961520 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Looking at the yearly performance, FSLR did better than 97% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month FSLR has a been trading in the 147.75 - 173.68 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.

Statistics

1 Month 3 Months 6 Months 12 Months -3.86% 11.15% 122.00% 55.31% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 97.36 59.6 - 173.68
FSLR Weekly chart
FSLR Daily chart

Support/Resistance Analysis


120.92

174.27
We found 2 important support areas.
  • A support zone ranging from 150.95 to 150.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @122.14 from a trend line in the daily time frame.
We can see 2 important resistance areas.
  • Resistance @151.26 from a trend line in the weekly time frame.
  • A resistance zone ranging from 171.44 to 172.54. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

3

FSLR 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.


FSLR Daily chart

FIRST SOLAR INC150.96

NASDAQ:FSLR (12/9/2022, 7:00:01 PM)-1.75 (-1.15%)

After market: 150.96 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Information Technology
GICS Industry Semiconductors & Semiconductor Equipment
Performance
Today -1.15% 1 Week -10.31%
2 Weeks -11.94% 1 Month -3.86%
3 Month 11.15% 6 Month 122%
Volatility
ATR(14) 6.35 ATR(20)% 4.4%
ATR Inc -23.95% Range Today 4.85
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 97.36 Mansfield 6
10 Day High 173.68 10 Day Low 149.86
20 Day High 173.68 20 Day Low 147.75
52 Week High 173.68 52 Week Low 59.6
CS1 End 150.95 CR1 Start 151.26
Volume & EV
DER(3) -0.62% DER(5) -2.2%
Volume 1.85M Volume Incr -19.8%
Vol(5) 2.14M Vol(50) 2.96M

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