SMARTETFS SUSTAINABLE ENERGY (SOLR) Stock Technical Analysis
NYSEARCA:SOLR - NYSE Arca - US4020318501 - ETF - Currency: USD
We assign a technical rating of 8 out of 10 to SOLR. Although SOLR is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
SOLR has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 25.80. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.42, a Stop Loss order could be placed below this zone.
More info and screens
25.03
When analyzing the support we notice one important area.
- A support zone ranging from 25.28 to 25.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 25.80 to 26.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @28.48 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 | UP | POSITIVE | The long term trend for SOLR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SOLR is up. |
| ChartMill Relative Strength | 40.19 | NEUTRAL | SOLR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SOLR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SOLR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SOLR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.53 | NEUTRAL | The RSI value for SOLR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests SOLR has a negative trend. |
| Stochastics (14,3) | 64.44 | NEUTRAL | The Stochastics value for SOLR is a neutral value. |
| Average True Range in percent/ATR (20) | 1.12 | LOW VOLATILITY | The low ATR as a percentage value for SOLR suggests low volalility. |
| Average Directional Index/ADX (14) | 26.05 | POSITIVE | The high ADX value value for SOLR suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 26.05 | 25.42 | 0.63 (2.41%) | 25.00% |
| An entry @26.05. This is a Buy Stop order right above the resistance zone. | An exit @25.42. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.63 points, which is 2.41%. | For a 0.60% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NYSEARCA:SOLR (5/30/2025, 8:04:00 PM)
25.7934
-0.07 (-0.27%)