EMEREN GROUP LTD (SOL) Stock Technical Analysis
NYSE:SOL - US75971T3014 - ADR
1.82 USD
0 (0%)
1.8496 USD
+0.03 (+1.63%)
Overall SOL gets a technical rating of 3 out of 10. SOL was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
61% 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. 64% of 49 stocks in the same industry do better.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
SOL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SOL is lagging the market.
In the last month SOL has a been trading in a tight range between 1.81 and 1.91.
Considerably lower volume is observed in the last couple of days.
SOL has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 1.81, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SOL in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.79
2.91
When analyzing the support we notice one important area.
- A support zone ranging from 1.81 to 1.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 1.85 to 1.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | UP | POSITIVE | The long term trend for SOL is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SOL is down. |
| ChartMill Relative Strength | 39.19 | NEUTRAL | SOL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SOL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SOL is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SOL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.15 | NEUTRAL | The RSI value for SOL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SOL has a negative trend. |
| Stochastics (14,3) | 10.98 | OVERSOLD | The low Stochastics value suggests SOL may be oversold. |
| Average True Range in percent/ATR (20) | 1.7 | LOW VOLATILITY | The low ATR as a percentage value for SOL suggests low volalility. |
| Average Directional Index/ADX (14) | 18.83 | NEGATIVE | The low ADX value for SOL suggests a weak or negative 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)
1.82
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg0%
1 Week-2.67%
2 Weeks-3.19%
1 Month-1.62%
3 Month1.68%
6 Month14.47%
12 Month0.55%
2 Year-47.55%
3 Year-68.84%
5 Year-9.45%
10 Year-70.65%
15 Year-95.85%
Volatility
ATR(14)0.03
ATR(20)%1.7%
ATR Inc-11.72%
Range Today0.03
ADR(20)0.03
ADR(20)%1.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS39.19
Mansfield-1.09
10 Day High1.9
10 Day Low1.81
20 Day High1.91
20 Day Low1.81
52 Week High3
52 Week Low1.04
CS1 End1.81
CR1 Start1.85
Volume & EV
DER(3)1.12%
DER(5)4.56%
Volume107.00K
Volume Incr-13.22%
Vol(5)135.64K
Vol(50)252.58K