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 02/07/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

28%

39%

33%

My opinion

Bearish under 154.75 USD

My targets

132.53 USD (-9.70%)

116.93 USD (-20.32%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on FIRST SOLAR INC. as long as the price remains well below 154.75 USD. The sellers' bearish objective is set at 132.53 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 116.93 USD. In case of crossing, the next objective would be the support located at 102.70 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

6.1

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 146.76 USD. The price registered an increase of +4.00% on the session and was between 142.56 USD and 150.27 USD. This implies that the price is at +2.95% from its lowest and at -2.34% from its highest.

142.56

150.27

146.76

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

Here is a more detailed summary of the historical variations registered by FIRST SOLAR INC.:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of FIRST SOLAR INC. in Daily shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

On the 18 technical indicators analysed, 5 are bullish, 6 are neutral and 7 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal support

Type : Bullish

Timeframe : Daily

Near support of channel

Type : Bullish

Timeframe : Daily

Near support of triangle

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	102.70	132.53	145.46	146.76	170.80	211.43	231.69
Change (%)	-30.02%	-9.70%	-0.89%	-	+16.38%	+44.07%	+57.87%
Change	-44.06	-14.23	-1.30	-	+24.04	+64.67	+84.93
Level	Major	Major	Major	-	Major	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	134.84	136.62	138.87	140.65	142.90	144.68	146.93
Camarilla	140.00	140.37	140.74	141.11	141.48	141.85	142.22
Woodie	135.07	136.74	139.10	140.77	143.13	144.80	147.16
Fibonacci	136.62	138.16	139.11	140.65	142.19	143.14	144.68

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	119.38	129.11	135.46	145.19	151.54	161.27	167.62
Camarilla	137.40	138.87	140.35	141.82	143.29	144.77	146.24
Woodie	117.70	128.27	133.78	144.35	149.86	160.43	165.94
Fibonacci	129.11	135.25	139.04	145.19	151.33	155.12	161.27

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	93.80	116.93	131.62	154.75	169.44	192.57	207.26
Camarilla	135.90	139.37	142.83	146.30	149.77	153.23	156.70
Woodie	89.57	114.82	127.39	152.64	165.21	190.46	203.03
Fibonacci	116.93	131.38	140.31	154.75	169.20	178.13	192.57

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):	43.77
MACD (12,26,9):	-4.2700
Directional Movement:	-0.62
AROON (14):	-71.42
DEMA (21):	144.09
Parabolic SAR (0,02-0,02-0,2):	153.12
Elder Ray (13):	-0.56
Super Trend (3,10):	158.50
Zig ZAG (10):	147.03
VORTEX (21):	0.8400
Stochastique (14,3,5):	29.48
TEMA (21):	141.08
Williams %R (14):	-52.29
Chande Momentum Oscillator (20):	-2.94
Repulse (5,40,3):	0.1000
ROCnROLL:	-1
TRIX (15,9):	-0.3700
Courbe Coppock:	10.99

MA7:	144.66
MA20:	149.11
MA50:	156.28
MA100:	154.39
MAexp7:	144.75
MAexp20:	149.33
MAexp50:	153.89
MAexp100:	159.07
Price / MA7:	+1.45%
Price / MA20:	-1.58%
Price / MA50:	-6.09%
Price / MA100:	-4.94%
Price / MAexp7:	+1.39%
Price / MAexp20:	-1.72%
Price / MAexp50:	-4.63%
Price / MAexp100:	-7.74%

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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