SEDG Technical Analysis - SOLAREDGE TECHNOLOGIES INC

Technical Rating and Analysis

Taking everything into account, SEDG scores 8 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

Looking at the yearly performance, SEDG did better than 87% of all other stocks.

SEDG is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 74% of 112 stocks in the same industry.

SEDG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SEDG is lagging the market slightly.

SEDG has an average volume of 4753810 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

In the last month SEDG has a been trading in the 25.12 - 35.77 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

SOLAREDGE TECHNOLOGIES INC / SEDG Weekly stock chart

SOLAREDGE TECHNOLOGIES INC / SEDG Daily stock chart

Setup Rating and Analysis

SEDG has an excellent technical rating, but the quality of the setup is only medium 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

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

22.24

34.64

4 important support areas can be observed.

A support zone ranging from 28.67 to 28.96. 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 24.94 to 24.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @22.84 from a trend line in the daily time frame.
Support @22.46 from a trend line in the weekly time frame.

We found 1 important resistance area.

Resistance @34.30 from a horizontal line in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	UP	POSITIVE	The long term trend for SEDG is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for SEDG is down.
ChartMill Relative Strength	87.17	POSITIVE	SEDG has a high relative strength, it outperformed 87.17% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of SEDG is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of SEDG is above the rising 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)	45.57	NEUTRAL	The RSI value for SEDG is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.7	NEGATIVE	The MACD value suggests SEDG has a negative trend.
Stochastics (14,3)	10.42	OVERSOLD	The low Stochastics value suggests SEDG may be oversold.
Average True Range in percent/ATR (20)	9.72	HIGH VOLATILITY	The high ATR as a percentage value for SEDG suggests high volalility.
Average Directional Index/ADX (14)	21.88	NEUTRAL	The ADX value for SEDG suggests a possible start of a new trend.