SOLAREDGE TECHNOLOGIES INC (SEDG) Stock Technical Analysis
NASDAQ:SEDG • US83417M1045
We assign a technical rating of 7 out of 10 to SEDG. SEDG has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- In the last month SEDG has a been trading in the 29.43 - 40.26 range, which is quite wide. It is currently trading near the high of this range.
- SEDG has an average volume of 2933930 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 91% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- SEDG is part of the Semiconductors & Semiconductor Equipment industry. There are 113 other stocks in this industry, SEDG did better than 64% of them.
- SEDG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SEDG is lagging the market.
- Volume is considerably higher in the last couple of days.
SEDG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 37.14. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 32.39, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
28.68
3 important support areas can be observed.
- A support zone ranging from 31.88 to 32.39. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 30.21 to 31.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @28.97 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @37.14 from a horizontal line in the daily time frame.
- Resistance @40.01 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for SEDG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SEDG is neutral. |
| ChartMill Relative Strength | 91.78 | POSITIVE | SEDG has a high relative strength, it outperformed 91.78% 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) | 52.49 | NEUTRAL | The RSI value for SEDG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests SEDG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.08 | NEUTRAL | The Stochastics value for SEDG is a neutral value. |
| Average True Range in percent/ATR (20) | 8.27 | HIGH VOLATILITY | The high ATR as a percentage value for SEDG suggests high volalility. |
| Average Directional Index/ADX (14) | 25.16 | POSITIVE | The high ADX value value for SEDG suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 37.15 | 32.01 | 5.14 (13.84%) | 7.23% |
| An entry @37.15. This is a Buy Stop order right above the resistance zone. | An exit @32.01. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 5.14 points, which is 13.84%. | When investing 7.23% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
35.1
-2.03 (-5.47%)
SOLAREDGE TECHNOLOGIES INC / SEDG 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 Bullish.
Can you provide the RSI signal for SOLAREDGE TECHNOLOGIES INC?
SOLAREDGE TECHNOLOGIES INC (SEDG) has an RSI value of 52.4852. 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 0.109646, indicating a bearish trend.