FIRST SOLAR INC (FSLR) Stock Technical Analysis
NASDAQ:FSLR - Nasdaq - US3364331070 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to FSLR. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, FSLR is only an average performer.
The long and short term trends are both positive. This is looking good!
In the last month FSLR has a been trading in the 159.85 - 190.66 range, which is quite wide. It is currently trading near the high of this range.
FSLR has an average volume of 3931900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, FSLR turns out to be only a medium performer in the overall market: it outperformed 63% of all stocks.
FSLR is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 55% of 110 stocks in the same industry.
FSLR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FSLR is lagging the market.
Besides having an excellent technical rating, FSLR also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 185.17, a Stop Loss order could be placed below this zone.
More info and screens
156.77
194.92
We found 3 important support areas.
- A support zone ranging from 174.72 to 185.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @161.27 from a trend line in the daily time frame.
- Support @158.35 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @185.61 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 192.88 to 192.99. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | UP | POSITIVE | The short term trend for FSLR is up. |
| ChartMill Relative Strength | 63.36 | NEUTRAL | FSLR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FSLR is above 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) | DOWN | MIXED | The current price of FSLR is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.01 | NEUTRAL | The RSI value for FSLR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests FSLR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.58 | NEUTRAL | The Stochastics value for FSLR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.62 | MEDIUM VOLATILITY | The ATR as a percentage value for FSLR suggests some volalility. |
| Average Directional Index/ADX (14) | 21.28 | NEUTRAL | The ADX value for FSLR suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 185.62 | 174.71 | 10.91 (5.88%) | 17.01% |
| An entry @185.62. This is a Buy Stop order right above the resistance zone. | An exit @174.71. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 10.91 points, which is 5.88%. | When investing 17.01% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
185.6
+0.59 (+0.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg0.32%
1 Week6.22%
2 Weeks2.7%
1 Month12.42%
3 Month31.93%
6 Month10.25%
12 Month-12.37%
2 Year-1.86%
3 Year45.51%
5 Year142.33%
10 Year287.96%
15 Year45.17%
Volatility
ATR(14)6.52
ATR(20)%3.62%
ATR Inc-9.01%
Range Today5.44
ADR(20)6.19
ADR(20)%3.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.36
Mansfield-0.36
10 Day High190.66
10 Day Low171.99
20 Day High190.66
20 Day Low159.85
52 Week High262.72
52 Week Low116.56
CS1 End185.17
CR1 Start185.61
Volume & EV
DER(3)-1.87%
DER(5)-2.25%
Volume2.22M
Volume Incr-2.23%
Vol(5)2.89M
Vol(50)3.93M