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Renesola Ltd. (SOL) - Buy, Sell or Hold?

Sector: Technology   Sub-Sector: Semiconductors
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Thu, 30 Jul 2015NoneHammerMon, 27 Jul 20150.78%
***Stock database and scans are updated around midnight (New York time) every trading day.
1.31 0.00 (0%) Jul 31 4:02pm EDT
Open: 1.30 Range: 1.29 - 1.33 Vol: 170.71K Avg Vol: 675.43K
EPS: -0.38 P/E ratio: 0.00 EBITDA: 93.03M Mkt Cap: 132.55M
Analyze "SOL" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 1.30
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 1.34
Last Trade is below the 50 day moving average at 1.40
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 1.59
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of SOL

Stock Trend Analysis - Buy, Sell or Hold "Renesola Ltd." (SOL)?

SOL is in a very strong downtrend. For the last 52 weeks, SOL has maintained to stay firmly below the 200 day moving average for 94% of the time. Rallies will be sold into until the downtrend reverses. For the medium term, the 50 day moving average is generally in a trading range with a bearish downward bias. The 20 day moving average is also showing some signs of weakness as SOL has been trading below its 20 SMA for 72.5% of the time in the last 8 weeks. As SOL is in a downtrend characterized by the 200 SMA, currently at 1.59, the most likely scenario is that rallies will be sold into until the 200 SMA is convincingly taken out. Technically, there is very little reason to recommend a buy on this counter, although SOL may get a short term oversold bounce around here. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "SOL".

The analyst consensus estimates for the 1 year price target for this stock is $1.40* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Thu, 30 Jul 2015
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