FIRST SOLAR INC (FSLR) Technical Analysis
NASDAQ:FSLR • US3364331070
Current stock price
FSLR Technical Rating and Analysis
Taking everything into account, FSLR scores 5 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.
- FSLR is part of the Semiconductors & Semiconductor Equipment industry. There are 115 other stocks in this industry, of which 73% are performing better than FSLR.
- Looking at the yearly performance, FSLR did better than 82% of all other stocks.
- In the last month FSLR has a been trading in the 185.13 - 217.88 range, which is quite wide. It is currently trading near the high of this range.
- FSLR has an average volume of 2261460 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- 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.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
FSLR Weekly and Daily overview Charts
FSLR Setup Rating and Analysis
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
FSLR Support and Resistance Analysis
182.84
When analyzing the support we can see 3 important areas.
- A support zone ranging from 195.53 to 198.79. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 189.20 to 189.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 184.69 to 186.08. This zone is formed by a combination of multiple trend lines in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for FSLR is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FSLR is neutral. |
| ChartMill Relative Strength | 82.24 | POSITIVE | FSLR has a high relative strength, it outperformed 82.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FSLR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of FSLR is above 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) | 61.32 | NEUTRAL | The RSI value for FSLR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.93 | POSITIVE | The MACD value suggests FSLR has a positive trend. |
| Stochastics (14,3) | 55.71 | NEUTRAL | The Stochastics value for FSLR is a neutral value. |
| Average True Range in percent/ATR (20) | 4.25 | MEDIUM VOLATILITY | The ATR as a percentage value for FSLR suggests some volalility. |
| Average Directional Index/ADX (14) | 11.74 | NEGATIVE | The low ADX value for FSLR suggests a weak or negative trend. |
FSLR Chart- and CandleStick Pattern Analysis
FSLR Technicals: Chart, Performance Metrics, Trend & Indicators
211.71
+9.82 (+4.86%)
FIRST SOLAR INC / FSLR TA FAQ
Can you provide the ChartMill technical rating for FIRST SOLAR INC?
ChartMill assigns a technical rating of 5 / 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 61.3189. 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 1.92648, 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 198.79. Check the full technical report for our detailed analysis of FSLR support and resistance levels.