Overall SEDG gets a technical rating of 2 out of 10. Although SEDG 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.
SEDG has a poor technical rating and the quality of the setup is also not perfect 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
15.25
We found 3 important support areas.
- A support zone ranging from 29.01 to 29.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @28.47 from a horizontal line in the daily time frame.
- Support @15.40 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 31.64 to 32.02. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @37.00 from a trend line in the weekly 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 SEDG is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SEDG is down. |
| ChartMill Relative Strength | 91.05 | POSITIVE | SEDG has a high relative strength, it outperformed 91.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SEDG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SEDG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SEDG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.84 | NEUTRAL | The RSI value for SEDG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests SEDG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.8 | OVERSOLD | The low Stochastics value suggests SEDG may be oversold. |
| Average True Range in percent/ATR (20) | 7.8 | HIGH VOLATILITY | The high ATR as a percentage value for SEDG suggests high volalility. |
| Average Directional Index/ADX (14) | 14.89 | NEGATIVE | The low ADX value for SEDG suggests a weak or negative trend. |
29.06
+0.59 (+2.07%)
SOLAREDGE TECHNOLOGIES INC / SEDG FAQ
What is the ChartMill technical rating of SOLAREDGE TECHNOLOGIES INC (SEDG) stock?
ChartMill assigns a technical rating of 2 / 10 to SEDG.
Can you provide the trend direction for SOLAREDGE TECHNOLOGIES INC?
The current trend direction for SOLAREDGE TECHNOLOGIES INC (SEDG) is Bearish.
Can you provide the RSI signal for SOLAREDGE TECHNOLOGIES INC?
SOLAREDGE TECHNOLOGIES INC (SEDG) has an RSI value of 39.8396. This indicates that the stock is currently neutral.
What is the MACD signal for SEDG stock?
The MACD indicator for SOLAREDGE TECHNOLOGIES INC (SEDG) has a value of -0.150697, indicating a bearish trend.
What are the support and resistance levels for SOLAREDGE TECHNOLOGIES INC (SEDG) stock?
SOLAREDGE TECHNOLOGIES INC (SEDG) has a support level at 29.05 and a resistance level at 31.64. Check the full technical report for our detailed analysis of SEDG support and resistance levels.