SOLAREDGE TECHNOLOGIES INC. - Daily - Technical analysis published on 08/29/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 192.62 USD
My targets
225.18 USD (+1.80%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SOLAREDGE TECHNOLOGIES INC. as long as the price remains well above 192.62 USD. The buyers” bullish objective is set at 225.18 USD. A bullish break in this resistance would boost the bullish momentum. 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
0
10
7.1
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SOLAREDGE TECHNOLOGIES INC. rating is 221.19 USD. On the day, this instrument gained +5.11% with the lowest point at 210.65 USD and the highest point at 223.16 USD. The deviation from the price is +5.00% for the low point and -0.88% for the high point.210.65
223.16
221.19
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of SOLAREDGE TECHNOLOGIES INC. indicates that the overall trend is strongly bullish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : Daily
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 69.02 | 93.50 | 142.20 | 221.19 | 225.18 |
| Change (%) | -68.80% | -57.73% | -35.71% | - | +1.80% |
| Change | -152.17 | -127.69 | -78.99 | - | +3.99 |
| Level | Major | Intermediate | 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 | 200.08 | 204.71 | 207.57 | 212.20 | 215.06 | 219.69 | 222.55 |
| Camarilla | 208.38 | 209.07 | 209.75 | 210.44 | 211.13 | 211.81 | 212.50 |
| Woodie | 199.21 | 204.27 | 206.70 | 211.76 | 214.19 | 219.25 | 221.68 |
| Fibonacci | 204.71 | 207.57 | 209.34 | 212.20 | 215.06 | 216.83 | 219.69 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 195.45 | 203.83 | 208.56 | 216.94 | 221.67 | 230.05 | 234.78 |
| Camarilla | 209.69 | 210.89 | 212.09 | 213.29 | 214.49 | 215.69 | 216.90 |
| Woodie | 193.63 | 202.92 | 206.74 | 216.03 | 219.84 | 229.14 | 232.95 |
| Fibonacci | 203.83 | 208.84 | 211.93 | 216.94 | 221.95 | 225.04 | 230.05 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 100.94 | 118.45 | 146.78 | 164.29 | 192.62 | 210.13 | 238.46 |
| Camarilla | 162.49 | 166.70 | 170.90 | 175.10 | 179.30 | 183.50 | 187.71 |
| Woodie | 106.34 | 121.15 | 152.18 | 166.99 | 198.02 | 212.83 | 243.86 |
| Fibonacci | 118.45 | 135.96 | 146.78 | 164.29 | 181.80 | 192.62 | 210.13 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 63.57 | |
| MACD (12,26,9): | 10.2100 | |
| Directional Movement: | 15.61 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 222.84 | |
| Parabolic SAR (0,02-0,02-0,2): | 207.38 | |
| Elder Ray (13): | 3.95 | |
| Super Trend (3,10): | 188.01 | |
| Zig ZAG (10): | 221.19 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 47.53 | |
| TEMA (21): | 221.60 | |
| Williams %R (14): | -31.17 | |
| Chande Momentum Oscillator (20): | 6.01 | |
| Repulse (5,40,3): | 3.1800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.9700 | |
| Courbe Coppock: | 11.24 |
| MA7: | 214.43 | |
| MA20: | 211.94 | |
| MA50: | 180.50 | |
| MA100: | 151.75 | |
| MAexp7: | 215.38 | |
| MAexp20: | 208.02 | |
| MAexp50: | 186.18 | |
| MAexp100: | 161.98 | |
| Price / MA7: | +3.15% | |
| Price / MA20: | +4.36% | |
| Price / MA50: | +22.54% | |
| Price / MA100: | +45.76% | |
| Price / MAexp7: | +2.70% | |
| Price / MAexp20: | +6.33% | |
| Price / MAexp50: | +18.80% | |
| Price / MAexp100: | +36.55% |
Quotes :
2020-08-28 19:59:59
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15 min delayed data
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NASDAQ Stocks
News
Don"t forget to follow the news on SOLAREDGE TECHNOLOGIES INC.. At the time of publication of this analysis, the latest news was as follows:
- SolarEdge Enhances Solar-Plus-Storage Experience with Launch of Energy Hub Inverter
- SolarEdge to Announce Financial Results for the Third Quarter 2019 on Wednesday, November 6, 2019
- SolarEdge Files Three Patent Infringement Lawsuits Against Huawei in China
- SolarEdge Unveiling Enhanced Commercial Offering and Residential StorEdge at SPI
- SolarEdge Announces Fourth Quarter and Full Year 2018 Financial Results
This member declared not having a position on this financial instrument or a related financial instrument.
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