SOLAREDGE TECHNOLOGIES INC (SEDG) Stock Technical Analysis
NASDAQ:SEDG - Nasdaq - US83417M1045 - Common Stock - Currency: USD
Taking everything into account, SEDG scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, SEDG has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
SEDG is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 87% of 110 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 6025400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that SEDG is one of the better performing stocks in the market, outperforming 93% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month SEDG has a been trading in the 19.09 - 32.45 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although SEDG has an excellent technical rating, it 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
13.51
27.92
5 important support areas can be observed.
- Support @24.96 from a horizontal line in the daily time frame.
- A support zone ranging from 18.94 to 19.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.51 from a trend line in the daily time frame.
- Support @14.95 from a horizontal line in the daily time frame.
- Support @13.65 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 27.24 to 27.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | UP | POSITIVE | The short term trend for SEDG is up. |
| ChartMill Relative Strength | 93.2 | POSITIVE | SEDG has a high relative strength, it outperformed 93.2% off all stocks 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) | UP | POSITIVE | The current price of SEDG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.88 | NEUTRAL | The RSI value for SEDG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests SEDG has a negative trend. |
| Stochastics (14,3) | 51.01 | NEUTRAL | The Stochastics value for SEDG is a neutral value. |
| Average True Range in percent/ATR (20) | 8.79 | HIGH VOLATILITY | The high ATR as a percentage value for SEDG suggests high volalility. |
| Average Directional Index/ADX (14) | 24.28 | NEUTRAL | The ADX value for SEDG suggests a possible start of a new 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)
27.23
-1.24 (-4.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-4.36%
1 Week2.29%
2 Weeks6.28%
1 Month35.71%
3 Month116.8%
6 Month85.49%
12 Month-1.23%
2 Year-88.72%
3 Year-92.44%
5 Year-84.45%
10 Year-11.79%
15 YearN/A
Volatility
ATR(14)2.46
ATR(20)%8.79%
ATR Inc-16.39%
Range Today2.27
ADR(20)2.28
ADR(20)%8.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.2
Mansfield3.82
10 Day High32.45
10 Day Low24.26
20 Day High32.45
20 Day Low19.09
52 Week High32.45
52 Week Low10.24
CS1 End24.96
CR1 Start27.24
Volume & EV
DER(3)-2.7%
DER(5)0.96%
Volume3.66M
Volume Incr3.39%
Vol(5)5.79M
Vol(50)6.03M