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

Sector: Technology   Sub-Sector: Semiconductors
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Wed, 27 May 2015DojiDojiFri, 22 May 2015-2%
***Stock database and scans are updated around midnight (New York time) every trading day.
1.48 0.00 (0%) May 28 1:33pm EDT
Open: 1.48 Range: 1.45 - 1.49 Vol: 324.2K Avg Vol: 1.02M
EPS: -0.34 P/E ratio: 0.00 EBITDA: 99.86M Mkt Cap: 150.40M
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 1.50
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 1.59
Last Trade is below the 50 day moving average at 1.63
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 1.93
* 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. The 50 day moving average is however indicating a medium term trading range with a bullish upside inclination. The 20 day moving average is also in a trading range with a slight bullish bias. SOL may experience some profit taking and it is unclear how strong buying support will be for this stock as objectively, it is still in a long term downtrend with the 200 SMA currently at 1.93. Technically, there is very little reason to recommend a buy on this counter. 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 $1.60* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Wed, 27 May 2015
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