SOLAREDGE TECHNOLOGIES INC (SEDG) Stock Technical Analysis
NASDAQ:SEDG - Nasdaq - US83417M1045 - Common Stock - Currency: USD
Taking everything into account, SEDG scores 8 out of 10 in our technical rating. In the last year, SEDG was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
SEDG is part of the Semiconductors & Semiconductor Equipment industry. There are 110 other stocks in this industry. SEDG outperforms 84% of them.
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.
In the last month SEDG has a been trading in the 13.73 - 27.61 range, which is quite wide. It is currently trading near the high of this range.
SEDG has an average volume of 6215060 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 90% 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 offer a high quality setup 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
14.80
27.82
We found 2 important support areas.
- Support @16.62 from a trend line in the daily time frame.
- Support @14.95 from a horizontal 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 | 90.78 | POSITIVE | SEDG has a high relative strength, it outperformed 90.78% 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) | 70.74 | OVERBOUGHT | The high RSI value suggests SEDG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.67 | POSITIVE | The MACD value suggests SEDG has a positive trend. |
| Stochastics (14,3) | 88.06 | OVERBOUGHT | The high Stochastics value suggests SEDG may be overbought. |
| Average True Range in percent/ATR (20) | 8.61 | HIGH VOLATILITY | The high ATR as a percentage value for SEDG suggests high volalility. |
| Average Directional Index/ADX (14) | 21.93 | 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)
27.54
+3.94 (+16.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg16.69%
1 Week37.25%
2 Weeks62.19%
1 Month57.64%
3 Month87.22%
6 Month80.24%
12 Month9.94%
2 Year-88.59%
3 Year-92.35%
5 Year-84.27%
10 Year-10.79%
15 YearN/A
Volatility
ATR(14)2.85
ATR(20)%8.61%
ATR Inc16.81%
Range Today3.57
ADR(20)1.91
ADR(20)%6.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.78
Mansfield3.99
10 Day High27.61
10 Day Low15.75
20 Day High27.61
20 Day Low13.73
52 Week High32.11
52 Week Low10.24
CS1 End16.62
CR1 StartN/A
Volume & EV
DER(3)7.9%
DER(5)5.75%
Volume9.48M
Volume Incr5.13%
Vol(5)6.62M
Vol(50)6.22M