SOLAREDGE TECHNOLOGIES INC (SEDG) Stock Technical Analysis
NASDAQ:SEDG - Nasdaq - US83417M1045 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to SEDG. 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.
The long and short term trends are both positive. This is looking good!
SEDG is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 91% of 110 stocks in the same industry.
SEDG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month SEDG has a been trading in the 23.01 - 33.30 range, which is quite wide. It is currently trading near the high of this range.
SEDG has an average volume of 5978220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, SEDG did better than 93% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
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
20.68
32.31
When analyzing the support we can see 2 important areas.
- Support @26.35 from a trend line in the daily time frame.
- A support zone ranging from 20.89 to 20.98. This zone is formed by a combination of multiple trend lines 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 | 93.52 | POSITIVE | SEDG has a high relative strength, it outperformed 93.52% 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) | 68.62 | NEUTRAL | The RSI value for SEDG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.49 | POSITIVE | The MACD value suggests SEDG has a positive trend. |
| Stochastics (14,3) | 80.02 | OVERBOUGHT | The high Stochastics value suggests SEDG may be overbought. |
| Average True Range in percent/ATR (20) | 8.06 | HIGH VOLATILITY | The high ATR as a percentage value for SEDG suggests high volalility. |
| Average Directional Index/ADX (14) | 18.83 | NEGATIVE | The low ADX value for SEDG suggests a weak or negative 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)
31.99
+0.83 (+2.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg2.66%
1 Week27.45%
2 Weeks22.47%
1 Month0.41%
3 Month91.5%
6 Month81.56%
12 Month11.19%
2 Year-80.32%
3 Year-88.41%
5 Year-85.53%
10 Year27.35%
15 YearN/A
Volatility
ATR(14)2.56
ATR(20)%8.06%
ATR Inc18.94%
Range Today2.24
ADR(20)2.56
ADR(20)%7.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.52
Mansfield6.23
10 Day High33.3
10 Day Low23.01
20 Day High33.3
20 Day Low23.01
52 Week High33.3
52 Week Low10.24
CS1 End26.35
CR1 StartN/A
Volume & EV
DER(3)1.54%
DER(5)1.5%
Volume5.05M
Volume Incr41.88%
Vol(5)6.61M
Vol(50)5.98M