FIRST SOLAR INC (FSLR) Technical Analysis
NASDAQ:FSLR • US3364331070
Current stock price
197.25 USD
-3.53 (-1.76%)
At close:
197.26 USD
+0.01 (+0.01%)
After Hours:
FSLR Technical Rating and Analysis
Taking everything into account, FSLR scores 2 out of 10 in our technical rating. 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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- FSLR is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 70% of 115 stocks in the same industry do better.
- In the last month FSLR has a been trading in the 182.99 - 204.13 range, which is quite wide. It is currently trading near the high of this range.
- FSLR has an average volume of 2323020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, FSLR did better than 72% of all other 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
Although the technical rating is bad, FSLR does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
FSLR Support and Resistance Analysis
178.25
279.51
We found 3 important support areas.
- Support @189.20 from a horizontal line in the weekly time frame.
- A support zone ranging from 184.69 to 185.63. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @180.05 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 7 important areas.
- Resistance @197.26 from a horizontal line in the weekly time frame.
- Resistance @200.79 from a horizontal line in the daily time frame.
- A resistance zone ranging from 209.65 to 212.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @232.53 from a trend line in the daily time frame.
- Resistance @243.73 from a horizontal line in the daily time frame.
- Resistance @249.41 from a horizontal line in the daily time frame.
- Resistance @276.74 from a horizontal line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for FSLR is neutral. |
| ChartMill Relative Strength | 72.88 | POSITIVE | FSLR has a high relative strength, it outperformed 72.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of FSLR is above 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) | 48.14 | NEUTRAL | The RSI value for FSLR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.91 | POSITIVE | The MACD value suggests FSLR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.79 | NEUTRAL | The Stochastics value for FSLR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.73 | MEDIUM VOLATILITY | The ATR as a percentage value for FSLR suggests some volalility. |
| Average Directional Index/ADX (14) | 22.06 | 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
197.25
-3.53 (-1.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-1.76%
1 Week-1.09%
2 Weeks1.93%
1 Month-1.5%
3 Month-17.35%
6 Month-12.69%
12 Month56.63%
2 Year11.88%
3 Year8.03%
5 Year157.74%
10 Year253.24%
15 Year41.33%
Volatility
ATR(14)8.08
ATR(20)%3.73%
ATR Inc12.82%
Range Today7.32
ADR(20)6.69
ADR(20)%3.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.88
3 months CRS20.54
6 months CRS25.49
Mansfield-0.86
10 Day High204.13
10 Day Low182.99
20 Day High204.13
20 Day Low182.99
52 Week High285.99
52 Week Low119.09
CS1 End189.2
CR1 Start197.26
Volume & EV
DER(3)2.19%
DER(5)1.95%
Volume1.05M
Volume Incr-15.22%
Vol(5)1.49M
Vol(50)2.32M
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.
Can you provide the trend direction for FIRST SOLAR INC?
The current trend direction for FIRST SOLAR INC (FSLR) is Bearish.
What is the RSI signal for FSLR stock?
FIRST SOLAR INC (FSLR) has an RSI value of 48.1443. This indicates that the stock is currently neutral.
What is the MACD signal for FSLR stock?
The MACD indicator for FIRST SOLAR INC (FSLR) has a value of 1.91121, indicating a bullish trend.
What are the support and resistance levels for FIRST SOLAR INC (FSLR) stock?
FIRST SOLAR INC (FSLR) has a support level at 189.2 and a resistance level at 197.26. Check the full technical report for our detailed analysis of FSLR support and resistance levels.