EMEREN GROUP LTD (SOL) Technical Analysis
NYSE:SOL • US75971T3014
Current stock price
1.94 USD
+0.01 (+0.52%)
At close:
1.94 USD
0 (0%)
After Hours:
SOL Technical Rating and Analysis
Taking everything into account, SOL scores 6 out of 10 in our technical rating. In the last year, SOL was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still 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.
- SOL 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 SOL is lagging the market slightly.
- In the last month SOL has a been trading in the 1.66 - 1.95 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- When comparing the performance of all stocks over the past year, SOL turns out to be only a medium performer in the overall market: it outperformed 61% of all stocks.
- SOL is an average performer in the Construction & Engineering industry, it outperforms 42% of 55 stocks in the same industry.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
SOL Weekly and Daily overview Charts
SOL Setup Rating and Analysis
SOL has an average technical rating and it also does not offer a high quality setup 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
SOL Support and Resistance Analysis
1.68
1.97
We found 3 important support areas.
- Support @1.93 from a horizontal line in the daily time frame.
- A support zone ranging from 1.84 to 1.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.70 to 1.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 1.95 to 1.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
SOL 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 | NEUTRAL | NEUTRAL | The long term trend for SOL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SOL is up. |
| ChartMill Relative Strength | 61.13 | NEUTRAL | SOL is not amongst the best or worst performers 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 | POSITIVE | The current price of SOL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.76 | NEUTRAL | The RSI value for SOL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests SOL has a positive trend. |
| Stochastics (14,3) | 94.06 | OVERBOUGHT | The high Stochastics value suggests SOL may be overbought. |
| Average True Range in percent/ATR (20) | 2.73 | MEDIUM VOLATILITY | The ATR as a percentage value for SOL suggests some volalility. |
| Average Directional Index/ADX (14) | 30.72 | POSITIVE | The high ADX value value for SOL suggests a strong trend. |
SOL Chart- and CandleStick Pattern Analysis
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)
SOL Technicals: Chart, Performance Metrics, Trend & Indicators
1.94
+0.01 (+0.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg0.52%
1 Week7.78%
2 Weeks12.14%
1 Month6.01%
3 Month3.19%
6 Month12.79%
12 Month8.99%
2 Year-28.94%
3 Year-57.08%
5 Year-83.03%
10 Year-77.18%
15 Year-95.56%
Volatility
ATR(14)0.05
ATR(20)%2.73%
ATR Inc-38.01%
Range Today0.01
ADR(20)0.05
ADR(20)%2.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.13
3 months CRS72.6
6 months CRS67.4
Mansfield-0.07
10 Day High1.95
10 Day Low1.66
20 Day High1.95
20 Day Low1.66
52 Week High2.3
52 Week Low1.04
CS1 End1.93
CR1 Start1.95
Volume & EV
DER(3)5.37%
DER(5)5.95%
Volume610.80K
Volume Incr243.08%
Vol(5)549.58K
Vol(50)217.31K
EMEREN GROUP LTD / SOL TA FAQ
What is the technical rating for SOL stock?
ChartMill assigns a technical rating of 6 / 10 to SOL.
What is the current trend direction of EMEREN GROUP LTD (SOL) stock?
The current trend direction for EMEREN GROUP LTD (SOL) is Bearish.
What is the RSI signal for EMEREN GROUP LTD (SOL) stock?
EMEREN GROUP LTD (SOL) has an RSI value of 68.7629. This indicates that the stock is currently neutral.
What is the MACD signal for EMEREN GROUP LTD (SOL) stock?
The MACD indicator for EMEREN GROUP LTD (SOL) has a value of 0.0239887, indicating a bearish trend.