FIRST SOLAR INC (FSLR) Stock Technical Analysis
NASDAQ:FSLR - Nasdaq - US3364331070 - Common Stock - Currency: USD
Taking everything into account, FSLR scores 5 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. FSLR was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, FSLR is a bad performer in the overall market: 80% of all stocks are doing better.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
FSLR has an average volume of 4875450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
FSLR is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 46% 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 trading in the upper part of its 52 week range, so FSLR is lagging the market slightly.
In the last month FSLR has a been trading in the 142.57 - 198.87 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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.
More info and screens
134.25
199.71
When analyzing the support we can see 3 important areas.
- A support zone ranging from 153.34 to 155.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @149.64 from a horizontal line in the daily time frame.
- Support @135.61 from a trend line in the daily time frame.
When analyzing the resistance we notice 7 important areas.
- A resistance zone ranging from 165.05 to 166.36. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @169.09 from a trend line in the weekly time frame.
- Resistance @174.60 from a trend line in the weekly time frame.
- Resistance @178.47 from a horizontal line in the weekly time frame.
- Resistance @186.14 from a trend line in the daily time frame.
- A resistance zone ranging from 192.41 to 192.88. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @197.73 from a horizontal line 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 | NEUTRAL | NEUTRAL | The long term trend for FSLR is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FSLR is up. |
| ChartMill Relative Strength | 20.68 | NEGATIVE | FSLR has a low relative strength, it was outperformed by 79.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of FSLR is below 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 | NEGATIVE | The current price of FSLR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.37 | NEUTRAL | The RSI value for FSLR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.91 | NEGATIVE | The MACD value suggests FSLR has a negative trend. |
| Stochastics (14,3) | 56.02 | NEUTRAL | The Stochastics value for FSLR is a neutral value. |
| Average True Range in percent/ATR (20) | 6.83 | HIGH VOLATILITY | The high ATR as a percentage value for FSLR suggests high volalility. |
| Average Directional Index/ADX (14) | 14.65 | NEGATIVE | The low ADX value for FSLR suggests a weak or negative 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)
160.16
-6.19 (-3.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-3.72%
1 Week7.02%
2 Weeks1.12%
1 Month13.85%
3 Month20.87%
6 Month-19.79%
12 Month-41.46%
2 Year-15.75%
3 Year135.08%
5 Year223.56%
10 Year240.91%
15 Year40.7%
Volatility
ATR(14)7.79
ATR(20)%6.83%
ATR Inc-28.08%
Range Today8.54
ADR(20)9.32
ADR(20)%5.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.68
Mansfield-1.79
10 Day High168.63
10 Day Low145.89
20 Day High198.87
20 Day Low142.57
52 Week High274.08
52 Week Low116.56
CS1 End155.07
CR1 Start165.05
Volume & EV
DER(3)-1.07%
DER(5)1.47%
Volume2.60M
Volume Incr-47.86%
Vol(5)3.17M
Vol(50)4.88M