SOLAREDGE TECHNOLOGIES INC (SEDG) Stock Technical Analysis
NASDAQ:SEDG - Nasdaq - US83417M1045 - Common Stock - Currency: USD
Taking everything into account, SEDG scores 7 out of 10 in our technical rating. In the last year, SEDG was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
SEDG is part of the Semiconductors & Semiconductor Equipment industry. There are 110 other stocks in this industry. SEDG outperforms 71% of them.
In the last month SEDG has a been trading in the 14.50 - 24.66 range, which is quite wide. It is currently trading near the high of this range.
SEDG has an average volume of 4848620 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, SEDG outperforms 48% of them, which is more or less in line with the market.
SEDG 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 SEDG is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although SEDG has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
11.97
23.53
When analyzing the support we can see 4 important areas.
- Support @17.37 from a trend line in the daily time frame.
- Support @14.95 from a horizontal line in the daily time frame.
- Support @13.14 from a trend line in the weekly time frame.
- Support @12.09 from a trend line in the daily 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 | UP | POSITIVE | The short term trend for SEDG is up. |
| ChartMill Relative Strength | 48.74 | NEUTRAL | SEDG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SEDG is above 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) | DOWN | MIXED | The current price of SEDG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 69.08 | NEUTRAL | The RSI value for SEDG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.4 | POSITIVE | The MACD value suggests SEDG has a positive trend. |
| Stochastics (14,3) | 87.72 | OVERBOUGHT | The high Stochastics value suggests SEDG may be overbought. |
| Average True Range in percent/ATR (20) | 7.74 | HIGH VOLATILITY | The high ATR as a percentage value for SEDG suggests high volalility. |
| Average Directional Index/ADX (14) | 25.71 | POSITIVE | The high ADX value value for SEDG suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
23.3
+2.28 (+10.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg10.85%
1 Week28.09%
2 Weeks30.46%
1 Month11.8%
3 Month44.54%
6 Month74.53%
12 Month-41.55%
2 Year-91.34%
3 Year-91.49%
5 Year-83.21%
10 Year-35.9%
15 YearN/A
Volatility
ATR(14)1.47
ATR(20)%7.74%
ATR Inc53%
Range Today4.29
ADR(20)1.55
ADR(20)%6.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.74
Mansfield2.05
10 Day High24.66
10 Day Low16.58
20 Day High24.66
20 Day Low14.5
52 Week High40.47
52 Week Low10.24
CS1 End17.37
CR1 StartN/A
Volume & EV
DER(3)3.59%
DER(5)4.21%
Volume7.92M
Volume Incr-23.53%
Vol(5)4.21M
Vol(50)4.85M