FIRST SOLAR INC (FSLR) Stock Technical Analysis
NASDAQ:FSLR • US3364331070
Overall FSLR gets a technical rating of 3 out of 10. 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.
- FSLR is part of the Semiconductors & Semiconductor Equipment industry. There are 113 other stocks in this industry, of which 60% are performing better than FSLR.
- 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 2234750 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, the long term trend is neutral. Not much exciting going on here.
- When comparing the yearly performance of all stocks, we notice that FSLR is one of the better performing stocks in the market, outperforming 74% of all stocks. On top of that, FSLR also shows a nice and consistent pattern of rising prices. 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 currently trading near new highs, so FSLR is lagging the market.
FSLR has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 221.08, a Stop Loss order could be placed below this zone.
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216.53
When analyzing the support we notice one important area.
- A support zone ranging from 218.72 to 221.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 225.66 to 233.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 248.57 to 249.42. 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 276.74 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 | NEUTRAL | NEUTRAL | The long term trend for FSLR is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FSLR is down. |
| ChartMill Relative Strength | 74.21 | POSITIVE | FSLR has a high relative strength, it outperformed 74.21% 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) | 43.31 | NEUTRAL | The RSI value for FSLR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests FSLR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.41 | NEUTRAL | The Stochastics value for FSLR is a neutral value. |
| Average True Range in percent/ATR (20) | 5.54 | HIGH VOLATILITY | The high ATR as a percentage value for FSLR suggests high volalility. |
| Average Directional Index/ADX (14) | 17.36 | NEGATIVE | The low ADX value for FSLR suggests a weak or negative trend. |
225.65
+5.2 (+2.36%)
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 Bearish.
Can you provide the RSI signal for FIRST SOLAR INC?
FIRST SOLAR INC (FSLR) has an RSI value of 43.3075. 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 -0.281835, 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.