EMEREN GROUP LTD (SOL)

US75971T3014 - ADR

2.1  +0.1 (+5%)

After market: 2.08 -0.02 (-0.95%)

Technical Rating and Analysis

2

Taking everything into account, SOL scores 2 out of 10 in our technical rating. SOL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

83% of all other stocks performed better in the past year than SOL.
SOL is part of the Construction & Engineering industry. There are 45 other stocks in this industry, of which 68% are performing better than SOL.
In the last month SOL has a been trading in the 1.65 - 2.11 range, which is quite wide. It is currently trading near the high of this range.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
SOL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SOL is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Weekly and Daily overview Charts
SOL Weekly chart
SOL Daily chart
Setup Rating and Analysis

3

The technical rating of SOL is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

Support and Resistance Analysis

1.77

2.91

We found 1 important support area.

  • Support @1.79 from a trend line in the daily time frame.

When analyzing the resistance we notice 4 important areas.

  • A resistance zone ranging from 2.11 to 2.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @2.26 from a trend line in the daily time frame.
  • Resistance @2.65 from a trend line in the weekly time frame.
  • Resistance @2.88 from a horizontal line in the weekly time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.75
Mansfield-0.4
10 Day High2.11
10 Day Low1.73
20 Day High2.11
20 Day Low1.65
52 Week High3
52 Week Low1.41
Performance
1 Week12.9%
2 Weeks10.53%
1 Month8.25%
3 Month-12.13%
6 Month40%
12 Month-23.08%
2 Year-53.54%
3 Year-64.77%
5 Year48.41%
10 Year-70.21%
15 Year-91.18%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.04
RSI(14)57.76
LBB1.69
UBB2.06
SOL Daily chart

EMEREN GROUP LTD

NYSE:SOL (12/24/2024, 7:38:38 PM)

After market: 2.08 -0.02 (-0.95%)

2.1

+0.1 (+5%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg5%
1 Week12.9%
2 Weeks10.53%
1 Month8.25%
3 Month-12.13%
6 Month40%
12 Month-23.08%
2 Year-53.54%
3 Year-64.77%
5 Year48.41%
10 Year-70.21%
15 Year-91.18%
Volatility
ATR(14)0.14
ATR(20)%6.6%
ATR Inc35.29%
Range Today0.14
ADR(20)0.14
ADR(20)%6.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.75
Mansfield-0.4
10 Day High2.11
10 Day Low1.73
20 Day High2.11
20 Day Low1.65
52 Week High3
52 Week Low1.41
CS1 End1.79
CR1 Start2.11
Volume & EV
DER(3)1.79%
DER(5)1.29%
Volume281.20K
Volume Incr16.5%
Vol(5)256.06K
Vol(50)222.84K