Taking everything into account, FSLR scores 3 out of 10 in our technical rating. FSLR has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- In the last month FSLR has a been trading in the 233.00 - 285.99 range, which is quite wide. It is currently trading near the lows of this range.
- FSLR is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FSLR is lagging the market slightly.
- FSLR has an average volume of 2101930 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- 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, this overall performance is mostly based on the strong move around 7 months ago.
- FSLR is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 46% of 113 stocks in the same industry.
The technical rating of FSLR is bad and it also does not present a 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.
More info and screens
234.08
We found 1 important support area.
- A support zone ranging from 236.44 to 238.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 258.64 to 261.16. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 274.35 to 277.39. 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 | DOWN | NEGATIVE | The short term trend for FSLR is down. |
| ChartMill Relative Strength | 75.85 | POSITIVE | FSLR has a high relative strength, it outperformed 75.85% 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 | POSITIVE | The current price of FSLR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.44 | NEUTRAL | The RSI value for FSLR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.16 | NEGATIVE | The MACD value suggests FSLR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.42 | OVERSOLD | The low Stochastics value suggests FSLR may be oversold. |
| Average True Range in percent/ATR (20) | 5.09 | HIGH VOLATILITY | The high ATR as a percentage value for FSLR suggests high volalility. |
| Average Directional Index/ADX (14) | 18.99 | NEGATIVE | The low ADX value for FSLR suggests a weak or negative trend. |
243.64
+7.19 (+3.04%)
FIRST SOLAR INC / FSLR FAQ
Can you provide the ChartMill technical rating for FIRST SOLAR INC?
ChartMill assigns a technical rating of 3 / 10 to FSLR.
What is the trend direction for 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 43.4359. 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 -3.16137, 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.