FIRST SOLAR INC (FSLR) Technical Analysis
NASDAQ:FSLR • US3364331070
Current stock price
196.07 USD
-1.49 (-0.75%)
At close:
196.07 USD
0 (0%)
After Hours:
FSLR Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to FSLR. Although FSLR is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- FSLR is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 61% of 115 stocks in the same industry do better.
- FSLR is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- FSLR has an average volume of 2536240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that FSLR is one of the better performing stocks in the market, outperforming 75% of all stocks. However, we also see that FSLR couldn't keep up this performance in the last couple of months.
- FSLR is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so FSLR is lagging the market slightly.
- Considerably lower volume is observed in the last couple of days.
FSLR Weekly and Daily overview Charts
FSLR Setup Rating and Analysis
FSLR has a poor technical rating and the quality of the setup is also only medium 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.
More info and screens
FSLR Support and Resistance Analysis
187.31
280.16
When analyzing the support we notice one important area.
- A support zone ranging from 189.20 to 191.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- Resistance @200.26 from a horizontal line in the daily time frame.
- A resistance zone ranging from 228.56 to 230.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @243.73 from a horizontal line in the daily time frame.
- A resistance zone ranging from 276.74 to 277.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
FSLR 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 | DOWN | NEGATIVE | The long term trend for FSLR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FSLR is down. |
| ChartMill Relative Strength | 75.95 | POSITIVE | FSLR has a high relative strength, it outperformed 75.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FSLR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FSLR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of FSLR is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.38 | NEUTRAL | The RSI value for FSLR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests FSLR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17 | OVERSOLD | The low Stochastics value suggests FSLR may be oversold. |
| Average True Range in percent/ATR (20) | 5.8 | HIGH VOLATILITY | The high ATR as a percentage value for FSLR suggests high volalility. |
| Average Directional Index/ADX (14) | 21.01 | NEUTRAL | The ADX value for FSLR suggests a possible start of a new trend. |
FSLR Chart- and CandleStick Pattern Analysis
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)
FSLR Technicals: Chart, Performance Metrics, Trend & Indicators
196.07
-1.49 (-0.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-0.75%
1 Week3.63%
2 Weeks-0.57%
1 Month-11.06%
3 Month-23.05%
6 Month-2.79%
12 Month47.97%
2 Year16.16%
3 Year-9.85%
5 Year124.59%
10 Year186.36%
15 Year21.9%
Volatility
ATR(14)11.1
ATR(20)%5.8%
ATR Inc-47.6%
Range Today8.23
ADR(20)9.83
ADR(20)%5.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.95
3 months CRS16.28
6 months CRS42.77
Mansfield-0.54
10 Day High203.46
10 Day Low187.1
20 Day High250.99
20 Day Low187.1
52 Week High285.99
52 Week Low116.56
CS1 End191.23
CR1 Start200.26
Volume & EV
DER(3)-3.1%
DER(5)-0.91%
Volume1.17M
Volume Incr-45.7%
Vol(5)1.61M
Vol(50)2.54M
FIRST SOLAR INC / FSLR TA FAQ
Can you provide the ChartMill technical rating for FIRST SOLAR INC?
ChartMill assigns a technical rating of 2 / 10 to FSLR.
What is the trend direction for FSLR stock?
The current trend direction for FIRST SOLAR INC (FSLR) is Bearish.
Can you provide the RSI signal for FIRST SOLAR INC?
FIRST SOLAR INC (FSLR) has an RSI value of 37.375. This indicates that the stock is currently neutral.
What is the MACD signal for FIRST SOLAR INC (FSLR) stock?
The MACD indicator for FIRST SOLAR INC (FSLR) has a value of -0.0839781, indicating a bearish trend.
What is the short term momentum for FIRST SOLAR INC (FSLR) stock?
The short term momentum for FIRST SOLAR INC (FSLR) is negative.