EMEREN GROUP LTD (SOL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SOL - US75971T3014 - ADR
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.
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
1.68
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.
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 | 63.93 | 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. |
1.94
+0.01 (+0.52%)
EMEREN GROUP LTD / SOL FAQ
What is the technical rating for SOL stock?
ChartMill assigns a technical rating of 6 / 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 68.7629. 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 0.0239887, indicating a bearish trend.