Overall SOLO gets a technical rating of 0 out of 10. SOLO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of SOLO is bad and it also does not present a 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
0.21
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 0.22 to 0.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.23 to 0.23. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @0.24 from a horizontal line in the daily time frame.
- Resistance @0.28 from a horizontal line in the daily time frame.
- Resistance @0.31 from a trend 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 | DOWN | NEGATIVE | The long term trend for SOLO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SOLO is down. |
| ChartMill Relative Strength | 4.98 | NEGATIVE | SOLO has a low relative strength, it was outperformed by 95.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SOLO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SOLO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SOLO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.31 | NEUTRAL | The RSI value for SOLO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SOLO has a negative trend. |
| Stochastics (14,3) | 32.46 | NEUTRAL | The Stochastics value for SOLO is a neutral value. |
| Average True Range in percent/ATR (20) | 6.66 | HIGH VOLATILITY | The high ATR as a percentage value for SOLO suggests high volalility. |
| Average Directional Index/ADX (14) | 36.81 | POSITIVE | The high ADX value value for SOLO suggests a strong trend. |
0.2122
-0.01 (-3.55%)
ELECTRAMECCANICA VEHICLES CO / SOLO FAQ
What is the ChartMill technical rating of ELECTRAMECCANICA VEHICLES CO (SOLO) stock?
ChartMill assigns a technical rating of 0 / 10 to SOLO.
What is the trend direction for SOLO stock?
The current trend direction for ELECTRAMECCANICA VEHICLES CO (SOLO) is Bearish.
What is the RSI signal for SOLO stock?
ELECTRAMECCANICA VEHICLES CO (SOLO) has an RSI value of 32.3079. This indicates that the stock is currently neutral.
What is the MACD signal for ELECTRAMECCANICA VEHICLES CO (SOLO) stock?
The MACD indicator for ELECTRAMECCANICA VEHICLES CO (SOLO) has a value of -0.0000720126, indicating a bearish trend.
Can you provide the buy/sell signal for ELECTRAMECCANICA VEHICLES CO?
The buy/sell signal for ELECTRAMECCANICA VEHICLES CO (SOLO) is sell as both the short term and long term trends are negative.