EMEREN GROUP LTD (SOL) Stock Technical Analysis
NYSE:SOL - New York Stock Exchange, Inc. - US75971T3014 - ADR - Currency: USD
Taking everything into account, SOL scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. SOL was also a bad performer in the overall market in the last year.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
75% of all other stocks performed better in the past year than SOL.
SOL is one of the lesser performing stocks in the Construction & Engineering industry. 66% of 51 stocks in the same industry do better.
SOL is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SOL is lagging the market.
In the last month SOL has a been trading in the 1.25 - 1.66 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.
SOL has a poor technical rating and the quality of the setup is also not perfect 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
1.18
2.91
2 important support areas can be observed.
- A support zone ranging from 1.52 to 1.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.19 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 1.57 to 1.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.62 from a horizontal line in the daily time frame.
- Resistance @2.27 from a trend line in the weekly time frame.
- Resistance @2.88 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 | DOWN | NEGATIVE | The long term trend for SOL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SOL is neutral. |
| ChartMill Relative Strength | 25.29 | NEGATIVE | SOL has a low relative strength, it was outperformed by 74.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SOL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SOL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SOL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.72 | NEUTRAL | The RSI value for SOL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SOL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.17 | NEUTRAL | The Stochastics value for SOL is a neutral value. |
| Average True Range in percent/ATR (20) | 5.37 | HIGH VOLATILITY | The high ATR as a percentage value for SOL suggests high volalility. |
| Average Directional Index/ADX (14) | 22.52 | NEUTRAL | The ADX value for SOL 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)
1.55
-0.01 (-0.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg-0.64%
1 Week-1.9%
2 Weeks4.73%
1 Month11.51%
3 Month-6.63%
6 Month-17.11%
12 Month-20.51%
2 Year-53.73%
3 Year-67.51%
5 Year51.96%
10 Year-78.77%
15 Year-94.98%
Volatility
ATR(14)0.08
ATR(20)%5.37%
ATR Inc51.22%
Range Today0.12
ADR(20)0.08
ADR(20)%4.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.29
Mansfield-1.6
10 Day High1.66
10 Day Low1.48
20 Day High1.66
20 Day Low1.25
52 Week High3
52 Week Low1.04
CS1 End1.54
CR1 Start1.57
Volume & EV
DER(3)-1.16%
DER(5)-3.48%
Volume84.00K
Volume Incr1.97%
Vol(5)110.54K
Vol(50)339.95K