EMEREN GROUP LTD (SOL) Stock Technical Analysis
NYSE:SOL - New York Stock Exchange, Inc. - US75971T3014 - ADR - Currency: USD
We assign a technical rating of 8 out of 10 to SOL. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SOL is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month SOL has a been trading in the 1.69 - 1.95 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that SOL is one of the better performing stocks in the market, outperforming 78% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
SOL is part of the Construction & Engineering industry. There are 52 other stocks in this industry, SOL did better than 52% of them.
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.
Volume is considerably higher in the last couple of days.
SOL has an excellent technical rating, but the quality of the setup is only medium 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
1.68
2.91
We found 2 important support areas.
- A support zone ranging from 1.84 to 1.86. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 1.70 to 1.74. 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 2 important areas.
- A resistance zone ranging from 1.92 to 1.94. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The short term trend for SOL is up. |
| ChartMill Relative Strength | 78.9 | POSITIVE | SOL has a high relative strength, it outperformed 78.9% 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) | DOWN | MIXED | The current price of SOL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.94 | NEUTRAL | The RSI value for SOL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SOL has a negative trend. |
| Stochastics (14,3) | 82.31 | OVERBOUGHT | The high Stochastics value suggests SOL may be overbought. |
| Average True Range in percent/ATR (20) | 2.49 | MEDIUM VOLATILITY | The ATR as a percentage value for SOL suggests some volalility. |
| Average Directional Index/ADX (14) | 34.99 | POSITIVE | The high ADX value value for SOL suggests a strong 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)
1.91
-0.02 (-1.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg-1.04%
1 Week0%
2 Weeks0.53%
1 Month6.7%
3 Month35.46%
6 Month-4.98%
12 Month6.7%
2 Year-50.39%
3 Year-69.59%
5 Year31.72%
10 Year-70.84%
15 Year-94.96%
Volatility
ATR(14)0.03
ATR(20)%2.49%
ATR Inc-34.76%
Range Today0.02
ADR(20)0.04
ADR(20)%2.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.9
Mansfield-0.39
10 Day High1.95
10 Day Low1.84
20 Day High1.95
20 Day Low1.69
52 Week High3
52 Week Low1.04
CS1 End1.86
CR1 Start1.92
Volume & EV
DER(3)-3.91%
DER(5)-0.54%
Volume242.80K
Volume Incr4.35%
Vol(5)366.76K
Vol(50)245.04K