SOLAREDGE TECHNOLOGIES INC (SEDG) Technical Analysis
NASDAQ:SEDG • US83417M1045
Current stock price
SEDG Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to SEDG. SEDG was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- In the last month SEDG has a been trading in the 36.07 - 53.75 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that SEDG is one of the better performing stocks in the market, outperforming 97% of all stocks. On top of that, SEDG also shows a nice and consistent pattern of rising prices.
- SEDG is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 78% of 115 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 3728830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
SEDG Weekly and Daily overview Charts
SEDG 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
SEDG Support and Resistance Analysis
28.68
We found 4 important support areas.
- A support zone ranging from 37.82 to 38.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @37.14 from a trend line in the daily time frame.
- Support @32.96 from a trend line in the weekly time frame.
- Support @28.97 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 40.58 to 41.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
SEDG 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 | NEUTRAL | NEUTRAL | The long term trend for SEDG is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SEDG is neutral. |
| ChartMill Relative Strength | 97.02 | POSITIVE | SEDG has a high relative strength, it outperformed 97.02% 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) | UP | MIXED | The current price of SEDG is below 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) | 46.2 | NEUTRAL | The RSI value for SEDG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1 | NEGATIVE | The MACD value suggests SEDG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.36 | OVERSOLD | The low Stochastics value suggests SEDG may be oversold. |
| Average True Range in percent/ATR (20) | 9.53 | HIGH VOLATILITY | The high ATR as a percentage value for SEDG suggests high volalility. |
| Average Directional Index/ADX (14) | 18.61 | NEGATIVE | The low ADX value for SEDG suggests a weak or negative trend. |
SEDG Chart- and CandleStick Pattern Analysis
SEDG Technicals: Chart, Performance Metrics, Trend & Indicators
40.57
+0.75 (+1.88%)
SOLAREDGE TECHNOLOGIES INC / SEDG TA FAQ
What is the ChartMill technical rating of SOLAREDGE TECHNOLOGIES INC (SEDG) stock?
ChartMill assigns a technical rating of 7 / 10 to SEDG.
What is the current trend direction of SOLAREDGE TECHNOLOGIES INC (SEDG) stock?
The current trend direction for SOLAREDGE TECHNOLOGIES INC (SEDG) is Bearish.
What is the RSI signal for SEDG stock?
SOLAREDGE TECHNOLOGIES INC (SEDG) has an RSI value of 46.2012. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SOLAREDGE TECHNOLOGIES INC?
The MACD indicator for SOLAREDGE TECHNOLOGIES INC (SEDG) has a value of -0.998598, indicating a bearish trend.
What is the support and resistance level for SEDG stock?
SOLAREDGE TECHNOLOGIES INC (SEDG) has a support level at 38.48 and a resistance level at 40.58. Check the full technical report for our detailed analysis of SEDG support and resistance levels.