INVESCO SOLAR ENERGY ETF (SOLR.MI) Stock Technical Analysis
BIT:SOLR - Euronext Milan - IE00BM8QRZ79 - ETF - Currency: EUR
Taking everything into account, SOLR scores 0 out of 10 in our technical rating. SOLR'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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
91% of all other stocks performed better in the past year than SOLR.
SOLR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Warning: SOLR has an average volume of 6707 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
In the last month SOLR has a been trading in the 12.18 - 17.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of SOLR is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
15.01
23.18
We can see 3 important resistance areas.
- A resistance zone ranging from 16.56 to 16.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 21.07 to 21.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @22.95 from a horizontal line in the daily 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 SOLR.MI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SOLR.MI is neutral. |
| ChartMill Relative Strength | 9.32 | NEGATIVE | SOLR.MI has a low relative strength, it was outperformed by 90.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SOLR.MI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SOLR.MI is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 58.22 | NEUTRAL | The RSI value for SOLR.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.4 | POSITIVE | The MACD value suggests SOLR.MI has a positive trend. |
| Stochastics (14,3) | 83.05 | OVERBOUGHT | The high Stochastics value suggests SOLR.MI may be overbought. |
| Average True Range in percent/ATR (20) | 4.23 | MEDIUM VOLATILITY | The ATR as a percentage value for SOLR.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 26.81 | POSITIVE | The high ADX value value for SOLR.MI 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)
BIT:SOLR (6/5/2025, 7:00:00 PM)
15.164
-1.25 (-7.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-7.64%
1 Week33.72%
2 Weeks15.94%
1 Month-6.17%
3 Month-7.95%
6 Month-19.96%
12 Month-49.24%
2 Year-52.68%
3 Year-60.33%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.78
ATR(20)%4.23%
ATR Inc119.42%
Range Today0.16
ADR(20)0.31
ADR(20)%2.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.32
Mansfield-3.01
10 Day High16.57
10 Day Low12.18
20 Day High17.3
20 Day Low12.18
52 Week High33.76
52 Week Low12.18
CS1 EndN/A
CR1 Start16.58
Volume & EV
DER(3)0%
DER(5)0%
Volume5.75K
Volume Incr153.48%
Vol(5)20.24K
Vol(50)6.71K