FIRST SOLAR INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	FSLR
ISIN:

FIRST SOLAR INC. - 1H - Technical analysis published on 11/20/2023 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

11%

28%

My opinion

Bullish above 158.50 USD

My targets

165.57 USD (+3.20%)

170.80 USD (+6.46%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on FIRST SOLAR INC. as long as the price remains well above 158.50 USD. The buyers' bullish objective is set at 165.57 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 170.80 USD. If there is any crossing, the next objective would be the resistance located at 211.43 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.7

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

FIRST SOLAR INC. rating 160.43 USD. The price registered an increase of +3.49% on the session and was between 153.85 USD and 162.36 USD. This implies that the price is at +4.28% from its lowest and at -1.19% from its highest.

153.85

162.36

160.43

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following result:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this FIRST SOLAR INC. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish doji star

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	144.98	154.98	158.50	160.43	161.11	170.80	211.43
Change (%)	-9.63%	-3.40%	-1.20%	-	+0.42%	+6.46%	+31.79%
Change	-15.45	-5.45	-1.93	-	+0.68	+10.37	+51.00
Level	Major	Intermediate	Intermediate	-	Minor	Major	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	148.15	150.01	152.51	154.37	156.87	158.73	161.23
Camarilla	153.82	154.22	154.62	155.02	155.42	155.82	156.22
Woodie	148.48	150.17	152.84	154.53	157.20	158.89	161.56
Fibonacci	150.01	151.67	152.70	154.37	156.03	157.06	158.73

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	108.41	118.95	136.99	147.53	165.57	176.11	194.15
Camarilla	147.16	149.78	152.40	155.02	157.64	160.26	162.88
Woodie	112.15	120.83	140.73	149.41	169.31	177.99	197.89
Fibonacci	118.95	129.87	136.62	147.53	158.45	165.20	176.11

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	99.30	115.74	129.10	145.54	158.90	175.34	188.70
Camarilla	134.26	136.99	139.72	142.45	145.18	147.91	150.65
Woodie	97.75	114.97	127.55	144.77	157.35	174.57	187.15
Fibonacci	115.74	127.13	134.16	145.54	156.93	163.96	175.34

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):	68.36
MACD (12,26,9):	3.2100
Directional Movement:	20.24
AROON (14):	78.57
DEMA (21):	161.15
Parabolic SAR (0,02-0,02-0,2):	154.63
Elder Ray (13):	1.72
Super Trend (3,10):	155.79
Zig ZAG (10):	159.92
VORTEX (21):	1.1800
Stochastique (14,3,5):	83.55
TEMA (21):	161.41
Williams %R (14):	-22.45
Chande Momentum Oscillator (20):	6.14
Repulse (5,40,3):	-0.0800
ROCnROLL:	1
TRIX (15,9):	0.3200
Courbe Coppock:	6.78

MA7:	148.44
MA20:	146.18
MA50:	153.65
MA100:	172.82
MAexp7:	159.80
MAexp20:	156.78
MAexp50:	151.40
MAexp100:	148.47
Price / MA7:	+8.08%
Price / MA20:	+9.75%
Price / MA50:	+4.41%
Price / MA100:	-7.17%
Price / MAexp7:	+0.39%
Price / MAexp20:	+2.33%
Price / MAexp50:	+5.96%
Price / MAexp100:	+8.06%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The last news published on FIRST SOLAR INC. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

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