First Solar has been fighting higher, and some traders may see further upside.
The first pattern on today’s chart is the December 28 closing price of $173.22. FSLR jumped above that level early in the month and has now pulled back to hold it. Has old resistance become new support?
Second, prices are above the 200-day simple moving average (SMA). The 50-day SMA...
Using the Fibonacci extension tool i noticed wave 4 does not become invalidated by falling below price of wave 1. love to see it. First solar has continued to remain strong under market and economic difficulties compared to other companies in this space. With earnings upcoming i am bullish.
First Solar Inc. has an upside of 57 to 135 percent, depending on what multiple analysts decide to assign to it. Despite returns being relatively flat year to date (-.17) percent, the company and analysts who cover the stock seem to be bullish on the future prospects. The forecasted 2024 earnings per share is 13.50 compared to 7.65 in 2023, representing a 76...
First Solar Inc., ( NASDAQ:FSLR ) has emerged from the shadows of adversity, swinging to a profit in the fourth quarter and unveiling bullish projections for sales in 2024 amidst surging demand for renewable energy solutions.
The Tempe, Arizona-based solar pioneer reported a net profit of $349 million, or $3.25 per share, for the quarter ending December 31st,...
Prophet algo uses markov probabilities to get bullish and bearish probabilities for the day. Uses a custom machine learning algo which backtested gave a 75% win rate when trying to predict daily movements.
Definitions:
Positive day meaning : When the Closing price for the day is greater than the opening price
Negative day meaning : When the Closing price for...
Solar Stocks rally following Federal Reserve's decision to hold Interest rates steady.
Technical Analysis
NASDAQ:FSLR has been moving and is now finding some support near the $165 area. After experiencing a "Death Cross" on the 26th Sept, 2023 NASDAQ:FSLR has since shown signs of a resurgence with the stock surging as high as 6.57% as of the time of writing....
In the energy sector, the contrasting financials and growth trajectories of First Solar, Inc. (FSLR) and Exxon Mobil Corporation (XOM) present a compelling case for a strategic investment approach. Consider going long on FSLR while shorting XOM to capitalize on their distinct market positions and financial performance.
Why Buy FSLR:
P/E Ratio: FSLR’s P/E of...
---Elliott wave analysis---
As you can see on the daily chart, There is an impulsive cycle from the low of 5960 that validates all the required rules of the Elliott wave principle given below:
Wave (2) can never exceed the starting point of wave (1).
Wave (3) can never be the shortest wave among (1), (3) & (5).
Wave (4) can never enter the price territory...
Analyzing the options chain and the chart patterns of FSLR First Solar prior to the earnings report this week,
I would consider purchasing the 143usd strike price Puts with
an expiration date of 2023-11-3,
for a premium of approximately $6.95.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking...
We have ended what seem to be a major long term LOW in the TAN the solar etf and the main body of this etf FSLR I would now feel we have and are about to advance to a new record high
Top line slopes down and bottom line is virtually flat.
Targets calculated using the wide end of the structure and projecting it up or down from the point of the break.\\This one broke to the downside.
The white line represents a 100% fall but it can fall more or less that this keeping support levels in mind.
Short is a bit over 9%.
Targets is orange below...
The solar sector has been under pressure recently. Among solar stocks, I prefer FSLR because it appears stronger than the others. FSLR is currently in a strong demand zone, making it a good choice for a long position with a favorable risk-reward ratio
Top line slopes down and bottom line is virtually flat.
Triangles are consolidation patterns and are neutral until broken.
Price is close to support.
Close to oversold status on Rsi.
No recommendation
The share has been quite a mover, and now finding some support near $ 165 area. The move lower has been corrective, and shows we may see pull back in coming weeks.
Strategy BUY @ 170-180 and place stop-loss below $ 160.00. Profit order @ 225 for now.
No change in view.
As we have observed we cannot manage the steep increase and the channel resistance was respected @ $ 240 handle. We have declined again sharply, the three dark soldiers, and I feel we will test $ 174 again.
