Technical Analysis for TAN - Invesco Solar ETF

Grade Last Price % Change Price Change
grade A 52.41 2.54% 1.30
TAN closed up 2.54 percent on Thursday, August 13, 2020, on 1.2 times normal volume. The bulls were able to push the stock to a new 52-week high. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up
Historical TAN trend table...

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
New 52 Week High Strength 0.00%
Overbought Stochastic Strength 0.00%
1,2,3 Pullback Bullish Bullish Swing Setup 2.54%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 2.54%
Multiple of Ten Bullish Other 2.54%
Inside Day Range Contraction 2.54%
Overbought Stochastic Strength 2.54%
Upper Bollinger Band Walk Strength 5.50%
Multiple of Ten Bearish Other 5.50%

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Profile

The investment seeks investment results that correspond generally to the performance, before the fund's fees and expenses, of an equity index called the MAC Global Solar Energy Index. The fund invests at least 90% of total assets in common stock, ADRs and GDRs that comprise the index and depositary receipts representing common stocks included in the index. The Solar Index was comprised of approximately 22 securities selected based on the relative importance of solar power within the company's business model. It generally invests in all of the stocks comprising the index in proportion to their weightings in the index. The fund is non-diversified.
Index Fund Stock Market Index Corporate Finance Stock Fund Investment Management Depositary Receipt

Top 10 Components

Symbol Grade Percentage
SEDG 8.32
RUN 8.09
ENPH 7.01
FSLR 6.92
VSLR 5.22
SSO 4.46
CSIQ 4.24
DQ 4.22
HASI 3.96
SPWR 3.81
View All TAN Holdings

Is TAN 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 52.76
52 Week Low 21.14
Average Volume 520,230
200-Day Moving Average 33.41
50-Day Moving Average 41.34
20-Day Moving Average 47.48
10-Day Moving Average 49.67
Average True Range 1.58
ADX 49.59
+DI 39.28
-DI 11.92
Chandelier Exit (Long, 3 ATRs ) 48.03
Chandelier Exit (Short, 3 ATRs ) 47.34
Upper Bollinger Band 52.99
Lower Bollinger Band 41.97
Percent B (%b) 0.95
BandWidth 23.20
MACD Line 2.95
MACD Signal Line 2.76
MACD Histogram 0.1893
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 54.56
Resistance 3 (R3) 54.43 53.60 54.20
Resistance 2 (R2) 53.60 53.05 53.66 54.08
Resistance 1 (R1) 53.00 52.71 53.30 53.13 53.96
Pivot Point 52.17 52.17 52.32 52.23 52.17
Support 1 (S1) 51.57 51.62 51.87 51.70 50.86
Support 2 (S2) 50.74 51.28 50.80 50.74
Support 3 (S3) 50.14 50.74 50.62
Support 4 (S4) 50.27