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. - 1H - Technical analysis published on 10/09/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

33%

39%

28%

My opinion

Bearish under 231.69 USD

My targets

217.73 USD (-3.39%)

211.43 USD (-6.19%)

My analysis

FIRST SOLAR INC. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 231.69 USD. The next support located at 217.73 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 211.43 USD. Below this support, sellers could then target 202.15 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

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

Force

6.3

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 225.37 USD. The price registered a decrease of -0.12% on the session with the lowest point at 224.15 USD and the highest point at 228.99 USD. The deviation from the price is +0.54% for the low point and -1.58% for the high point.

224.15

228.99

225.37

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of FIRST SOLAR INC. indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 5 are neutral and 7 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish harami cross

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	202.15	211.43	217.73	225.37	225.93	231.69	240.70
Change (%)	-10.30%	-6.19%	-3.39%	-	+0.25%	+2.80%	+6.80%
Change	-23.22	-13.94	-7.64	-	+0.56	+6.32	+15.33
Level	Intermediate	Major	Minor	-	Intermediate	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	213.58	218.37	222.01	226.80	230.44	235.23	238.87
Camarilla	223.32	224.10	224.87	225.64	226.41	227.19	227.96
Woodie	213.00	218.08	221.43	226.51	229.86	234.94	238.29
Fibonacci	218.37	221.59	223.58	226.80	230.02	232.01	235.23

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	189.95	207.98	219.56	237.59	249.17	267.20	278.78
Camarilla	222.99	225.70	228.42	231.13	233.84	236.56	239.27
Woodie	186.72	206.37	216.33	235.98	245.94	265.59	275.55
Fibonacci	207.98	219.29	226.28	237.59	248.90	255.89	267.20

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	152.92	177.53	213.49	238.10	274.06	298.67	334.63
Camarilla	232.78	238.34	243.89	249.44	254.99	260.55	266.10
Woodie	158.59	180.37	219.16	240.94	279.73	301.51	340.30
Fibonacci	177.53	200.67	214.97	238.10	261.24	275.54	298.67

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	41.98
MACD (12,26,9):	-2.2700
Directional Movement:	-1.71
AROON (14):	-21.43
DEMA (21):	223.99
Parabolic SAR (0,02-0,02-0,2):	223.62
Elder Ray (13):	-1.65
Super Trend (3,10):	233.27
Zig ZAG (10):	224.71
VORTEX (21):	0.9700
Stochastique (14,3,5):	30.49
TEMA (21):	224.82
Williams %R (14):	-79.83
Chande Momentum Oscillator (20):	-4.80
Repulse (5,40,3):	-0.6100
ROCnROLL:	2
TRIX (15,9):	-0.1700
Courbe Coppock:	2.07

MA7:	231.65
MA20:	238.92
MA50:	227.61
MA100:	236.00
MAexp7:	225.76
MAexp20:	227.35
MAexp50:	232.41
MAexp100:	235.37
Price / MA7:	-2.71%
Price / MA20:	-5.67%
Price / MA50:	-0.98%
Price / MA100:	-4.50%
Price / MAexp7:	-0.17%
Price / MAexp20:	-0.87%
Price / MAexp50:	-3.03%
Price / MAexp100:	-4.25%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The latest news and videos published on FIRST SOLAR INC. at the time of the analysis were as follows:

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

About author

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