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

Sector: Technology   Sub-Sector: Semiconductors
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 23 Sep 2016DojiDojiMon, 19 Sep 20162.04%
***Stock database and scans are updated around midnight (New York time) every trading day.
1.01 0.00 (0%) Sep 26 9:36am EDT
Open: 1.02 Range: 1.01 - 1.02 Vol: 22.53K Avg Vol: 312.52K
EPS: 0.26 P/E ratio: 3.83 EBITDA: 137.50M Mkt Cap: 101.00M
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 0.98
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 1.07
Last Trade is below the 50 day moving average at 1.16
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 1.35
* 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 long term downtrend and it has traded about 66% of the time below the 200 day moving average in the last 52 weeks on daily average volume of 312.5K shares changing hands. The medium term trend for SOL is extremely bearish and weak, having traded almost 89% 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 80% of the time in the last 8 weeks. As SOL is in a downtrend characterized by the 200 SMA, currently at 1.35, 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. 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 $1.00* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 23 Sep 2016
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