EMEREN GROUP LTD ADS

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	SOL
ISIN:

EMEREN GROUP LTD ADS - Daily - Technical analysis published on 01/26/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 22.89 USD

My targets

28.80 USD (+2.67%)

30.53 USD (+8.85%)

My analysis

RENESOLA is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 22.89 USD. The next resistance located at 28.80 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 30.53 USD. After this resistance, buyers could then target 72.75 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.6

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 savas. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The RENESOLA price is 28.05 USD. The price registered an increase of +7.10% on the session and was traded between 26.02 USD and 28.92 USD over the period. The price is currently at +7.80% from its lowest and -3.01% from its highest.

26.02

28.92

28.05

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by RENESOLA:

Abnormal volumes on RENESOLA were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of RENESOLA in Daily shows a strongly overall 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, 14 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	7.93	10.38	12.50	28.05	28.80	72.75	139.00
Change (%)	-71.73%	-62.99%	-55.44%	-	+2.67%	+159.36%	+395.54%
Change	-20.12	-17.67	-15.55	-	+0.75	+44.70	+110.95
Level	Major	Major	Minor	-	Intermediate	Major	Minor

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	21.84	23.44	24.81	26.41	27.78	29.38	30.75
Camarilla	25.37	25.65	25.92	26.19	26.46	26.73	27.01
Woodie	21.74	23.38	24.71	26.35	27.68	29.32	30.65
Fibonacci	23.44	24.57	25.27	26.41	27.54	28.24	29.38

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.78	17.03	25.29	30.53	38.79	44.04	52.30
Camarilla	29.84	31.07	32.31	33.55	34.79	36.03	37.26
Woodie	13.29	17.78	26.80	31.29	40.30	44.79	53.81
Fibonacci	17.03	22.19	25.37	30.53	35.69	38.88	44.04

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-1.56	1.74	6.59	9.89	14.74	18.04	22.89
Camarilla	9.19	9.94	10.68	11.43	12.18	12.92	13.67
Woodie	-0.80	2.13	7.36	10.28	15.51	18.43	23.66
Fibonacci	1.74	4.86	6.78	9.89	13.01	14.93	18.04

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):	64.71
MACD (12,26,9):	5.0800
Directional Movement:	32.85
AROON (14):	85.71
DEMA (21):	28.00
Parabolic SAR (0,02-0,02-0,2):	25.03
Elder Ray (13):	3.11
Super Trend (3,10):	20.83
Zig ZAG (10):	27.52
VORTEX (21):	1.1200
Stochastique (14,3,5):	70.22
TEMA (21):	30.29
Williams %R (14):	-38.91
Chande Momentum Oscillator (20):	9.73
Repulse (5,40,3):	18.5100
ROCnROLL:	1
TRIX (15,9):	5.3000
Courbe Coppock:	205.93

MA7:	27.17
MA20:	20.59
MA50:	12.24
MA100:	7.52
MAexp7:	26.98
MAexp20:	21.68
MAexp50:	14.76
MAexp100:	10.00
Price / MA7:	+3.24%
Price / MA20:	+36.23%
Price / MA50:	+129.17%
Price / MA100:	+273.01%
Price / MAexp7:	+3.97%
Price / MAexp20:	+29.38%
Price / MAexp50:	+90.04%
Price / MAexp100:	+180.50%

Quotes : 2021-01-26 20:09:56 - 15 min delayed data - NYSE Stocks

News

The last news published on RENESOLA 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.

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