SOLAREDGE TECHNOLOGIES INC (SEDG) Stock Technical Analysis
USA - NASDAQ:SEDG - US83417M1045 - Common Stock
Overall SEDG gets a technical rating of 8 out of 10. In the last year, SEDG was one of the better performers, but we do observe some doubts in the very recent evolution.
SEDG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 39.71. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 34.33, a Stop Loss order could be placed below this zone.
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33.45
When analyzing the support we notice one important area.
- A support zone ranging from 33.79 to 34.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 39.71 to 39.75. 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 | NEUTRAL | NEUTRAL | The short term trend for SEDG is neutral. |
| ChartMill Relative Strength | 93.67 | POSITIVE | SEDG has a high relative strength, it outperformed 93.67% 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) | 45.49 | NEUTRAL | The RSI value for SEDG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.62 | NEGATIVE | The MACD value suggests SEDG has a negative trend. |
| Stochastics (14,3) | 14.61 | OVERSOLD | The low Stochastics value suggests SEDG may be oversold. |
| Average True Range in percent/ATR (20) | 8.42 | HIGH VOLATILITY | The high ATR as a percentage value for SEDG suggests high volalility. |
| Average Directional Index/ADX (14) | 20.44 | NEUTRAL | The ADX value for SEDG suggests a possible start of a new 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 |
|---|---|---|---|
| 37.72 | 34.09 | 3.63 (9.62%) | 10.39% |
| An entry @37.72. This is a Buy Stop order right above the 10 day moving average. | An exit @34.09. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.63 points, which is 9.62%. | For a 1.00% total portfolio risk, you can invest 10.39% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SEDG. Please evaluate whether better entry and exit points can be found.
- 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.
35.09
+0.75 (+2.18%)
SOLAREDGE TECHNOLOGIES INC / SEDG FAQ
What is the ChartMill technical rating of SOLAREDGE TECHNOLOGIES INC (SEDG) stock?
ChartMill assigns a technical rating of 8 / 10 to SEDG.
Can you provide the trend direction for SOLAREDGE TECHNOLOGIES INC?
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 45.4894. This indicates that the stock is currently neutral.
What is the MACD signal for SEDG stock?
The MACD indicator for SOLAREDGE TECHNOLOGIES INC (SEDG) has a value of -0.617052, indicating a bearish trend.
What are the support and resistance levels for SOLAREDGE TECHNOLOGIES INC (SEDG) stock?
SOLAREDGE TECHNOLOGIES INC (SEDG) has a support level at 34.33 and a resistance level at 39.71. Check the full technical report for our detailed analysis of SEDG support and resistance levels.