FIRST SOLAR INC (FSLR) Technical Analysis
NASDAQ:FSLR • US3364331070
Current stock price
FSLR Technical Rating and Analysis
Taking everything into account, FSLR scores 2 out of 10 in our technical rating. FSLR has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- FSLR is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 74% of 115 stocks in the same industry do better.
- In the last month FSLR has a been trading in the 182.99 - 203.18 range, which is quite wide. It is currently trading near the high of this range.
- FSLR has an average volume of 2371350 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, FSLR outperforms 60% of them, which is more or less in line with the market.
- 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.
FSLR Weekly and Daily overview Charts
FSLR Setup Rating and Analysis
FSLR has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 200.43. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 194.78, a Stop Loss order could be placed below this zone.
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FSLR Support and Resistance Analysis
178.25
We found 3 important support areas.
- A support zone ranging from 189.20 to 194.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 184.69 to 185.10. 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.
We can see 6 important resistance areas.
- Resistance @200.43 from a horizontal line in the daily time frame.
- Resistance @216.61 from a trend line in the daily time frame.
- Resistance @233.91 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 | DOWN | NEGATIVE | The short term trend for FSLR is down. |
| ChartMill Relative Strength | 60.8 | NEUTRAL | FSLR is not amongst the best or worst performers 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 | 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) | 45.83 | NEUTRAL | The RSI value for FSLR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.71 | POSITIVE | The MACD value suggests FSLR has a positive trend. |
| Stochastics (14,3) | 72.7 | NEUTRAL | The Stochastics value for FSLR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.76 | MEDIUM VOLATILITY | The ATR as a percentage value for FSLR suggests some volalility. |
| Average Directional Index/ADX (14) | 24.46 | NEUTRAL | The ADX value for FSLR suggests a possible start of a new trend. |
FSLR Chart- and CandleStick Pattern Analysis
FSLR Technicals: Chart, Performance Metrics, Trend & Indicators
195.32
-4.1 (-2.06%)
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 45.83. 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 1.70677, 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 194.78 and a resistance level at 200.43. Check the full technical report for our detailed analysis of FSLR support and resistance levels.