FIRST SOLAR INC. - Daily - Technical analysis published on 02/07/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 154.75 USD
My targets
132.53 USD (-9.70%)
116.93 USD (-20.32%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on FIRST SOLAR INC. as long as the price remains well below 154.75 USD. The sellers' bearish objective is set at 132.53 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 116.93 USD. In case of crossing, the next objective would be the support located at 102.70 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
FIRST SOLAR INC. rating 146.76 USD. The price registered an increase of +4.00% on the session and was between 142.56 USD and 150.27 USD. This implies that the price is at +2.95% from its lowest and at -2.34% from its highest.142.56
150.27
146.76
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by FIRST SOLAR INC.:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of FIRST SOLAR INC. in Daily shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
On the 18 technical indicators analysed, 5 are bullish, 6 are neutral and 7 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : Daily
Near support of channel
Type : Bullish
Timeframe : Daily
Near support of triangle
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 102.70 | 132.53 | 145.46 | 146.76 | 170.80 | 211.43 | 231.69 |
Change (%) | -30.02% | -9.70% | -0.89% | - | +16.38% | +44.07% | +57.87% |
Change | -44.06 | -14.23 | -1.30 | - | +24.04 | +64.67 | +84.93 |
Level | Major | Major | Major | - | Major | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 134.84 | 136.62 | 138.87 | 140.65 | 142.90 | 144.68 | 146.93 |
Camarilla | 140.00 | 140.37 | 140.74 | 141.11 | 141.48 | 141.85 | 142.22 |
Woodie | 135.07 | 136.74 | 139.10 | 140.77 | 143.13 | 144.80 | 147.16 |
Fibonacci | 136.62 | 138.16 | 139.11 | 140.65 | 142.19 | 143.14 | 144.68 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 119.38 | 129.11 | 135.46 | 145.19 | 151.54 | 161.27 | 167.62 |
Camarilla | 137.40 | 138.87 | 140.35 | 141.82 | 143.29 | 144.77 | 146.24 |
Woodie | 117.70 | 128.27 | 133.78 | 144.35 | 149.86 | 160.43 | 165.94 |
Fibonacci | 129.11 | 135.25 | 139.04 | 145.19 | 151.33 | 155.12 | 161.27 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 93.80 | 116.93 | 131.62 | 154.75 | 169.44 | 192.57 | 207.26 |
Camarilla | 135.90 | 139.37 | 142.83 | 146.30 | 149.77 | 153.23 | 156.70 |
Woodie | 89.57 | 114.82 | 127.39 | 152.64 | 165.21 | 190.46 | 203.03 |
Fibonacci | 116.93 | 131.38 | 140.31 | 154.75 | 169.20 | 178.13 | 192.57 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 43.77 | |
MACD (12,26,9): | -4.2700 | |
Directional Movement: | -0.62 | |
AROON (14): | -71.42 | |
DEMA (21): | 144.09 | |
Parabolic SAR (0,02-0,02-0,2): | 153.12 | |
Elder Ray (13): | -0.56 | |
Super Trend (3,10): | 158.50 | |
Zig ZAG (10): | 147.03 | |
VORTEX (21): | 0.8400 | |
Stochastique (14,3,5): | 29.48 | |
TEMA (21): | 141.08 | |
Williams %R (14): | -52.29 | |
Chande Momentum Oscillator (20): | -2.94 | |
Repulse (5,40,3): | 0.1000 | |
ROCnROLL: | -1 | |
TRIX (15,9): | -0.3700 | |
Courbe Coppock: | 10.99 |
MA7: | 144.66 | |
MA20: | 149.11 | |
MA50: | 156.28 | |
MA100: | 154.39 | |
MAexp7: | 144.75 | |
MAexp20: | 149.33 | |
MAexp50: | 153.89 | |
MAexp100: | 159.07 | |
Price / MA7: | +1.45% | |
Price / MA20: | -1.58% | |
Price / MA50: | -6.09% | |
Price / MA100: | -4.94% | |
Price / MAexp7: | +1.39% | |
Price / MAexp20: | -1.72% | |
Price / MAexp50: | -4.63% | |
Price / MAexp100: | -7.74% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on FIRST SOLAR INC. at the time of the generation of this analysis was as follows:
- Could the world’s first solar power truck be the answer to decarbonising haulage?
- TotalEnergies ENEOS signs first solar rooftop project of Kinpo Group in the Philippines
- Thinking about trading options or stock in Tesla, Adobe, Meta Platforms, First Solar, or Davita?
- Thinking about trading options or stock in Microsoft, Macy's, Anheuser-Busch Inbev, Docusign, or First Solar?
- UbiQD Expands Collaboration with First Solar on Quantum Dot-Enhanced Solar Modules
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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