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

Sector: Technology   Sub-Sector: Semiconductors
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 17 Feb 2017NoneBearish EngulfingMon, 06 Feb 2017427.12%
***Stock database and scans are updated around midnight (New York time) every trading day.
3.11 0.00 (0%) Feb 17 4:02pm EST
Open: 3.01 Range: 3.00 - 3.16 Vol: 63.32K Avg Vol: 418.9K
EPS: -0.13 P/E ratio: 0.00 EBITDA: 103.21M Mkt Cap: 62.82M
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 3.11
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 1.36
Last Trade is above the 50 day moving average at 0.95
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 1.07
* 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 trading range with a downward bias. This stock has traded about 80% of the time below the 200 day moving average in the last 52 weeks on daily average volume of 418.9K shares changing hands. The medium term trend for SOL is extremely bearish and weak, having traded almost 94% of the time below the 50 day moving average. The 20 day moving average indicates SOL is in a trading range with a bearish downside bias. Although still too early to confirm and with the longer term trend still pointing up, this in concert with a weak 50 SMA may be an early indication of a trend reversal taking shape. Buyers need to be cautious and pick levels which may have significant support such as the 200 day SMA currently at 1.07. 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 $4.12* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 17 Feb 2017
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