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. - Daily - Technical analysis published on 12/14/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

67%

11%

22%

My opinion

Bullish above 149.82 USD

My targets

170.80 USD (+7.48%)

178.55 USD (+12.36%)

My analysis

The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for FIRST SOLAR INC. as long as the price remains well above 149.82 USD. The buyers' bullish objective is set at 170.80 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 178.55 USD. If there is any crossing, the next objective would be the resistance located at 211.43 USD.

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

3.2

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

The FIRST SOLAR INC. price is 158.91 USD. On the day, this instrument gained +8.43% and was traded between 151.32 USD and 164.16 USD over the period. The price is currently at +5.02% from its lowest and -3.20% from its highest.

151.32

164.16

158.91

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

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:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of FIRST SOLAR INC. indicates that the overall trend is not clearly defined. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

In fact, 12 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	73.04	102.70	132.53	158.91	160.23	170.80	178.55
Change (%)	-54.04%	-35.37%	-16.60%	-	+0.83%	+7.48%	+12.36%
Change	-85.87	-56.21	-26.38	-	+1.32	+11.89	+19.64
Level	Major	Major	Major	-	Intermediate	Intermediate	Minor

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	130.63	133.90	140.23	143.50	149.83	153.10	159.43
Camarilla	143.92	144.80	145.68	146.56	147.44	148.32	149.20
Woodie	132.16	134.67	141.76	144.27	151.36	153.87	160.96
Fibonacci	133.90	137.57	139.83	143.50	147.17	149.43	153.10

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	113.44	127.96	136.67	151.19	159.90	174.42	183.13
Camarilla	138.99	141.12	143.25	145.38	147.51	149.64	151.77
Woodie	110.54	126.51	133.77	149.74	157.00	172.97	180.23
Fibonacci	127.96	136.83	142.32	151.19	160.06	165.55	174.42

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	103.90	116.55	137.17	149.82	170.44	183.09	203.71
Camarilla	148.63	151.68	154.73	157.78	160.83	163.88	166.93
Woodie	107.88	118.54	141.15	151.81	174.42	185.08	207.69
Fibonacci	116.55	129.26	137.11	149.82	162.53	170.38	183.09

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):	57.70
MACD (12,26,9):	-0.6200
Directional Movement:	10.47
AROON (14):	-50.00
DEMA (21):	149.88
Parabolic SAR (0,02-0,02-0,2):	137.17
Elder Ray (13):	7.51
Super Trend (3,10):	163.02
Zig ZAG (10):	158.52
VORTEX (21):	1.0600
Stochastique (14,3,5):	37.44
TEMA (21):	149.95
Williams %R (14):	-29.50
Chande Momentum Oscillator (20):	2.27
Repulse (5,40,3):	3.0000
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	8.94

MA7:	146.54
MA20:	153.29
MA50:	149.49
MA100:	165.73
MAexp7:	149.64
MAexp20:	150.57
MAexp50:	153.69
MAexp100:	161.83
Price / MA7:	+8.44%
Price / MA20:	+3.67%
Price / MA50:	+6.30%
Price / MA100:	-4.12%
Price / MAexp7:	+6.19%
Price / MAexp20:	+5.54%
Price / MAexp50:	+3.40%
Price / MAexp100:	-1.80%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

Don't forget to follow the news on FIRST SOLAR INC.. 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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