EMEREN GROUP LTD (SOL) Stock Technical Analysis
USA - NYSE:SOL - US75971T3014 - ADR
Taking everything into account, SOL scores 1 out of 10 in our technical rating. SOL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
SOL has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 1.85, a Stop Loss order could be placed below this zone.
More info and screens
1.79
We found 1 important support area.
- A support zone ranging from 1.81 to 1.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 1.86 to 1.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 1.91 to 1.93. 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 | NEUTRAL | NEUTRAL | The long term trend for SOL is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SOL is down. |
| ChartMill Relative Strength | 36.08 | NEUTRAL | SOL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SOL is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SOL is below a declining 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) | 49.7 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 31 | NEUTRAL | The Stochastics value for SOL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.77 | LOW VOLATILITY | The low ATR as a percentage value for SOL suggests low volalility. |
| Average Directional Index/ADX (14) | 19.2 | NEGATIVE | The low ADX value for SOL suggests a weak or negative trend. |
1.86
+0.03 (+1.64%)
EMEREN GROUP LTD / SOL FAQ
What is the technical rating for SOL stock?
ChartMill assigns a technical rating of 1 / 10 to SOL.
Can you provide the trend direction for EMEREN GROUP LTD?
The current trend direction for EMEREN GROUP LTD (SOL) is Bearish.
What is the RSI signal for SOL stock?
EMEREN GROUP LTD (SOL) has an RSI value of 49.7013. This indicates that the stock is currently neutral.
Can you provide the MACD signal for EMEREN GROUP LTD?
The MACD indicator for EMEREN GROUP LTD (SOL) has a value of -0.00119376, indicating a bearish trend.