YINGLI GREEN ENERGY HLDG CO LT (YGE) Stock Technical Analysis
NYSE:YGE - New York Stock Exchange, Inc. -
We assign a technical rating of 0 out of 10 to YGE. YGE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
90% of all other stocks performed better in the past year than YGE.
YGE is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so YGE is lagging the market.
In the last month YGE has a been trading in the 1.38 - 1.75 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The technical rating of YGE is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
1.42
1.77
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.57 to 1.59. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 1.62 to 1.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.75 from a trend 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 YGE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for YGE is down. |
| ChartMill Relative Strength | 10.72 | NEGATIVE | YGE has a low relative strength, it was outperformed by 89.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of YGE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of YGE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of YGE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 31.87 | NEUTRAL | The RSI value for YGE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests YGE has a negative trend. |
| Stochastics (14,3) | 37.23 | NEUTRAL | The Stochastics value for YGE is a neutral value. |
| Average True Range in percent/ATR (20) | 5.49 | HIGH VOLATILITY | The high ATR as a percentage value for YGE suggests high volalility. |
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)
YINGLI GREEN ENERGY HLDG CO LT
NYSE:YGE (6/29/2018, 8:23:26 PM)
1.43
-0.1 (-6.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-6.54%
1 Week-8.63%
2 Weeks-10.62%
1 Month-14.37%
3 Month-14.88%
6 Month-15.38%
12 Month-37%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%5.49%
ATR Inc259.46%
Range Today0.1
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.72
Mansfield-3.06
10 Day High1.65
10 Day Low1.38
20 Day High1.75
20 Day Low1.38
52 Week High2.86
52 Week Low1.38
CS1 EndN/A
CR1 Start1.57
Volume & EV
DER(3)-7.13%
DER(5)-2.05%
Volume24.70K
Volume Incr42.53%
Vol(5)47.02K
Vol(50)43.11K