INVESCO SOLAR ENERGY ETF (SOLR.MI) Stock Technical Analysis
BIT:SOLR - Euronext Milan - IE00BM8QRZ79 - ETF - Currency: EUR
Taking everything into account, SOLR scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. SOLR was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, SOLR is a bad performer in the overall market: 93% of all stocks are doing better.
SOLR is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SOLR is lagging the market.
Warning: SOLR has an average volume of 6571 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month SOLR has a been trading in the 12.18 - 17.34 range, which is quite wide. It is currently trading near the high of this range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Considerably lower volume is observed in the last couple of days.
The technical rating of SOLR 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
17.03
21.25
We can see 2 important resistance areas.
- A resistance zone ranging from 17.22 to 17.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 20.84 to 21.04. 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 | DOWN | NEGATIVE | The long term trend for SOLR.MI is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SOLR.MI is up. |
| ChartMill Relative Strength | 7.74 | NEGATIVE | SOLR.MI has a low relative strength, it was outperformed by 92.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SOLR.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SOLR.MI is above a declining SMA(50). |
| Relative Strength Index/RSI (14) | 59.54 | NEUTRAL | The RSI value for SOLR.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.55 | POSITIVE | The MACD value suggests SOLR.MI has a positive trend. |
| Stochastics (14,3) | 97.12 | OVERBOUGHT | The high Stochastics value suggests SOLR.MI may be overbought. |
| Average True Range in percent/ATR (20) | 4.4 | MEDIUM VOLATILITY | The ATR as a percentage value for SOLR.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 23.68 | NEUTRAL | The ADX value for SOLR.MI suggests a possible start of a new 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 (7/21/2025, 7:00:00 PM)
17.206
+0.07 (+0.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.4%
1 Week3.85%
2 Weeks38.87%
1 Month10.48%
3 Month-0.08%
6 Month-24.93%
12 Month-46.07%
2 Year-46.07%
3 Year-40.53%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.86
ATR(20)%4.4%
ATR Inc-83.71%
Range Today0.12
ADR(20)0.31
ADR(20)%1.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.74
Mansfield-3.19
10 Day High17.34
10 Day Low12.89
20 Day High17.34
20 Day Low12.18
52 Week High32.22
52 Week Low12.18
CS1 EndN/A
CR1 Start17.22
Volume & EV
DER(3)0%
DER(5)0%
Volume583
Volume Incr-80.7%
Vol(5)2.18K
Vol(50)6.57K