Technical Analysis for SOL - Renesola Ltd.

Grade Last Price % Change Price Change
F 1.84 -1.60% -0.03
SOL closed up 0.54 percent on Wednesday, November 20, 2024, on 81 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
NR7 Range Contraction -1.60%
Narrow Range Bar Range Contraction -1.60%
Earnings Movers Other -1.60%
Wide Bands Range Expansion -1.60%
Gapped Up Strength -1.60%
Oversold Stochastic Weakness -1.60%
Fell Below 200 DMA Bearish -1.08%
Earnings Movers Other -1.08%
Wide Bands Range Expansion -1.08%
Oversold Stochastic Weakness -1.08%

   Recent Intraday Alerts

Alert Time
Down 3% about 3 hours ago
60 Minute Opening Range Breakdown about 3 hours ago
Fell Below Previous Day's Low about 4 hours ago
Down 2 % about 4 hours ago
Down 1% about 4 hours ago

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Profile

ReneSola Ltd operates as a brand and technology provider of solar photovoltaic (PV) products. The company, through its subsidiaries, engages in the research and development, and manufacture of virgin polysilicon, monocrystalline and multicrystalline silicon wafers, and PV cells and modules. It provides integrated solutions for commercial, agricultural, and large-scale projects. The company offers its products for projects ranging in size from kilowatts to multi-megawatts in markets primarily in United States, Germany, Italy, Belgium, China, Greece, Spain, and Australia. ReneSola Ltd was founded in 2005 and is based in Jiashan, the People's Republic of China.
Classification

Sector: Technology
Industry: Solar
Keywords: Photovoltaics Solar Cells Photovoltaic System Crystals Integrated Solutions Electrochemistry Quantum Chemistry Crystalline Silicon Polycrystalline Silicon

Is SOL a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 3.0
52 Week Low 1.41
Average Volume 268,058
200-Day Moving Average 1.98
50-Day Moving Average 2.40
20-Day Moving Average 2.23
10-Day Moving Average 2.02
Average True Range 0.17
RSI (14) 33.77
ADX 32.64
+DI 13.96
-DI 27.40
Chandelier Exit (Long, 3 ATRs) 2.17
Chandelier Exit (Short, 3 ATRs) 2.27
Upper Bollinger Bands 2.69
Lower Bollinger Band 1.76
Percent B (%b) 0.12
BandWidth 41.79
MACD Line -0.15
MACD Signal Line -0.11
MACD Histogram -0.0451
Fundamentals Value
Market Cap 107.12 Million
Num Shares 57.3 Million
EPS 0.10
Price-to-Earnings (P/E) Ratio 18.70
Price-to-Sales 1.45
Price-to-Book 0.32
PEG Ratio 0.75
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1.99
Resistance 3 (R3) 1.99 1.96 1.97
Resistance 2 (R2) 1.96 1.93 1.96 1.96
Resistance 1 (R1) 1.91 1.91 1.90 1.91 1.96
Pivot Point 1.88 1.88 1.87 1.88 1.88
Support 1 (S1) 1.83 1.85 1.82 1.83 1.78
Support 2 (S2) 1.80 1.83 1.80 1.78
Support 3 (S3) 1.75 1.80 1.77
Support 4 (S4) 1.75