Country Icon

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

Sector: Technology   Sub-Sector: Semiconductors
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Tue, 03 Mar 2015NoneDojiFri, 20 Feb 2015-3.57%
***Stock database and scans are updated around midnight (New York time) every trading day.
1.35 -0.02 (-1.48%) Mar 03 4:02pm EST
Open: 1.39 Range: 1.33 - 1.40 Vol: 1.08M Avg Vol: 904.61K
EPS: -0.24 P/E ratio: 0.00 EBITDA: 69.6M Mkt Cap: 137.5M
Analyze "SOL" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 1.35
Medium Term: Trading is Range Bound
Last Trade is below the 20 day moving average at 1.37
Last Trade is below the 50 day moving average at 1.35
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 2.23
* 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 89% of the time. Rallies will be sold into until the downtrend reverses. The medium term trend for SOL is also extremely bearish and weak, having traded almost 90% of the time below the 50 day moving average. The 20 day moving average is also showing some signs of weakness as SOL has been trading below its 20 SMA for 62.5% of the time in the last 8 weeks. As SOL is in a strong downtrend characterized by the 200 SMA, currently at 2.23, 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 $1.88* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Tue, 03 Mar 2015
Technology Stocks Above 200 Day Moving-Average
TickerNameTrend AnalysisSupport/Resistance
ENTREntropic Communications, Inc.Buy, Sell or HoldTrading Levels & Pivots
CODESpansion IncBuy, Sell or HoldTrading Levels & Pivots
PRFTPerficient, Inc.Buy, Sell or HoldTrading Levels & Pivots
VDSIVASCO Data Security International, Inc.Buy, Sell or HoldTrading Levels & Pivots
MRVLMarvell Technology Group Ltd.Buy, Sell or HoldTrading Levels & Pivots
SQISciQuest, Inc.Buy, Sell or HoldTrading Levels & Pivots
VSATViaSat, Inc.Buy, Sell or HoldTrading Levels & Pivots
STMSTMicroelectronics N.V.Buy, Sell or HoldTrading Levels & Pivots
CLGXCoreLogic, Inc.Buy, Sell or HoldTrading Levels & Pivots
ITWIllinois Tool Works Inc.Buy, Sell or HoldTrading Levels & Pivots