SOLSTICE ADV MATERIALS INC (SOLS) Technical Analysis
NASDAQ:SOLS • US83443Q1031
Current stock price
SOLS Technical Rating and Analysis
Overall SOLS gets a technical rating of 7 out of 10. Although SOLS is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- 100% of all other stocks performed better in the past year than SOLS.
- SOLS is one of the lesser performing stocks in the Chemicals industry. 98% of 82 stocks in the same industry do better.
- Both the short term and long term trends are positive. This is a very positive sign.
- SOLS is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
- SOLS has an average volume of 2810900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SOLS Weekly and Daily overview Charts
SOLS Setup Rating and Analysis
Besides having an excellent technical rating, SOLS also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 81.20, a Stop Loss order could be placed below this zone.
More info and screens
SOLS Support and Resistance Analysis
74.84
We found 2 important support areas.
- A support zone ranging from 79.24 to 81.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @75.60 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @81.96 from a horizontal line in the weekly time frame.
- Resistance @83.35 from a horizontal line in the daily time frame.
SOLS Technical Indicator Signal Analysis
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 SOLS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SOLS is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | SOLS has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SOLS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SOLS is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 58.2 | NEUTRAL | The RSI value for SOLS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests SOLS has a negative trend. |
| Stochastics (14,3) | 61.03 | NEUTRAL | The Stochastics value for SOLS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.98 | MEDIUM VOLATILITY | The ATR as a percentage value for SOLS suggests some volalility. |
| Average Directional Index/ADX (14) | 16.69 | NEGATIVE | The low ADX value for SOLS suggests a weak or negative trend. |
SOLS Chart- and CandleStick Pattern Analysis
SOLS Example Setup
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 |
|---|---|---|---|
| 81.97 | 79.23 | 2.74 (3.34%) | 25.00% |
| An entry @81.97. This is a Buy Stop order right above the resistance zone. | An exit @79.23. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.74 points, which is 3.34%. | For a 0.84% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SOLS. Please evaluate whether better entry and exit points can be found.
- 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.
SOLS Technicals: Chart, Performance Metrics, Trend & Indicators
81.37
+0.07 (+0.09%)
SOLSTICE ADV MATERIALS INC / SOLS TA FAQ
What is the technical rating for SOLS stock?
ChartMill assigns a technical rating of 7 / 10 to SOLS.
What is the current trend direction of SOLSTICE ADV MATERIALS INC (SOLS) stock?
The current trend direction for SOLSTICE ADV MATERIALS INC (SOLS) is Bullish.
Can you provide the RSI signal for SOLSTICE ADV MATERIALS INC?
SOLSTICE ADV MATERIALS INC (SOLS) has an RSI value of 58.2037. This indicates that the stock is currently neutral.
What is the MACD signal for SOLS stock?
The MACD indicator for SOLSTICE ADV MATERIALS INC (SOLS) has a value of -0.135287, indicating a bearish trend.
Can you provide the support and resistance levels for SOLSTICE ADV MATERIALS INC?
SOLSTICE ADV MATERIALS INC (SOLS) has a support level at 81.2 and a resistance level at 81.96. Check the full technical report for our detailed analysis of SOLS support and resistance levels.