SEDG Technical Analysis - SOLAREDGE TECHNOLOGIES INC

Technical Rating and Analysis

Taking everything into account, SEDG scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SEDG is showing a nice and steady performance.

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 78% of 112 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.

In the last month SEDG has a been trading in the 28.54 - 40.50 range, which is quite wide. It is currently trading near the high of this range.

SEDG has an average volume of 4310270 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 92% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SOLAREDGE TECHNOLOGIES INC / SEDG Weekly stock chart

SOLAREDGE TECHNOLOGIES INC / SEDG Daily stock chart

Setup Rating and Analysis

Although SEDG has an excellent technical rating, the quality of the presented setup is not ideal 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

31.90

39.85

We found 2 important support areas.

A support zone ranging from 36.23 to 36.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @32.22 from a trend line in the daily time frame.

We found 1 important resistance area.

A resistance zone ranging from 39.46 to 39.46. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	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	92.1	POSITIVE	SEDG has a high relative strength, it outperformed 92.1% 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)	54.56	NEUTRAL	The RSI value for SEDG is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.03	NEGATIVE	The MACD value suggests SEDG has a negative trend.
Stochastics (14,3)	72.97	NEUTRAL	The Stochastics value for SEDG is a neutral value.
Average True Range in percent/ATR (20)	7.22	HIGH VOLATILITY	The high ATR as a percentage value for SEDG suggests high volalility.
Average Directional Index/ADX (14)	33.75	POSITIVE	The high ADX value value for SEDG suggests a strong trend.