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 02/01/2021 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Neutral

De fond: Bullish

Technical indicators

22%

44%

33%

My opinion

Bullish above 18.04 USD

My targets

22.89 USD (+16.12%)

25.29 USD (+28.30%)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 18.04 USD remains possible. It is advisable to trade RENESOLA with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 18.04 USD. The next bullish objective for buyers is set at 22.89 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 25.29 USD. If there is any crossing, the next objective would be the resistance located at 28.80 USD. PS: if there is a bearish break in the support located at 18.04 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

2.5

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

RENESOLA rating 19.71 USD. On the day, this instrument lost -4.78% and was traded between 19.22 USD and 21.57 USD over the period. The price is currently at +2.55% from its lowest and -8.62% from its highest.

19.22

21.57

19.71

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

Bearish opening

Type : Bearish

Timeframe : Openning

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

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in Daily of this RENESOLA chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.95	3.66	10.38	19.71	28.80	33.55	72.75
Change (%)	-85.03%	-81.43%	-47.34%	-	+46.12%	+70.22%	+269.10%
Change	-16.76	-16.05	-9.33	-	+9.09	+13.84	+53.04
Level	Intermediate	Intermediate	Major	-	Intermediate	Intermediate	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	13.16	16.10	18.61	21.55	24.06	27.00	29.51
Camarilla	19.62	20.12	20.62	21.12	21.62	22.12	22.62
Woodie	12.95	15.99	18.40	21.44	23.85	26.89	29.30
Fibonacci	16.10	18.18	19.47	21.55	23.63	24.92	27.00

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	51.34
MACD (12,26,9):	3.4200
Directional Movement:	12.58
AROON (14):	64.29
DEMA (21):	26.60
Parabolic SAR (0,02-0,02-0,2):	34.84
Elder Ray (13):	-1.25
Super Trend (3,10):	34.67
Zig ZAG (10):	20.70
VORTEX (21):	1.0200
Stochastique (14,3,5):	21.22
TEMA (21):	26.90
Williams %R (14):	-89.92
Chande Momentum Oscillator (20):	-2.55
Repulse (5,40,3):	-16.2600
ROCnROLL:	-1
TRIX (15,9):	4.3900
Courbe Coppock:	79.12

MA7:	24.85
MA20:	22.49
MA50:	13.57
MA100:	8.30
MAexp7:	22.94
MAexp20:	21.69
MAexp50:	15.56
MAexp100:	10.70
Price / MA7:	-20.68%
Price / MA20:	-12.36%
Price / MA50:	+45.25%
Price / MA100:	+137.47%
Price / MAexp7:	-14.08%
Price / MAexp20:	-9.13%
Price / MAexp50:	+26.67%
Price / MAexp100:	+84.21%

Quotes : 2021-02-01 14:56:49 - 15 min delayed data - NYSE Stocks

News

Don"t forget to follow the news on RENESOLA. At the time of publication of this analysis, the latest news was as follows:

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

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