Renesola Stock Technical Analysis

SOL
 Stock
  

USD 5.85  0.71  13.81%   

As of the 5th of October, Renesola holds the Semi Deviation of 4.22, coefficient of variation of 1077.6, and Risk Adjusted Performance of 0.1217. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Renesola, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to break down and interpolate data for nineteen technical drivers for Renesola ADR, which can be compared to its competitors. Please check Renesola ADR variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if Renesola ADR is priced some-what accurately, providing market reflects its current price of 5.85 per share. Given that Renesola has jensen alpha of 0.5118, we recommend you to check out Renesola ADR's recent market performance to make sure the company can sustain itself at a future point.
  

Renesola Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Renesola, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Renesola
Renesola's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Renesola Analyst Consensus

Target PriceAdvice# of Analysts
3.25Strong Sell1Odds
Renesola Ltd ADR current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Renesola analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Renesola stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Renesola ADR, talking to its executives and customers, or listening to Renesola conference calls.
Renesola Analyst Advice Details
Renesola technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Renesola technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Renesola trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Renesola ADR Technical Analysis

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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Normalized Average True Range is used to analyze tradable apportunities for Renesola ADR across different markets.
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Renesola ADR Trend Analysis

Use this graph to draw trend lines for Renesola Ltd ADR. You can use it to identify possible trend reversals for Renesola as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Renesola price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Renesola Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Renesola Ltd ADR applied against its price change over selected period. The best fit line has a slop of   -0.0019  , which may imply that the returns on investment in Renesola Ltd ADR will continue to fail. It has 122 observation points and a regression sum of squares at 0.14, which is the sum of squared deviations for the predicted Renesola price change compared to its average price change.

About Renesola Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Renesola Ltd ADR on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Renesola Ltd ADR based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Renesola ADR price pattern first instead of the macroeconomic environment surrounding Renesola ADR. By analyzing Renesola's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Renesola's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Renesola specific price patterns or momentum indicators. Please read more on our technical analysis page.

Renesola October 5, 2022 Technical Indicators

Most technical analysis of Renesola help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Renesola from various momentum indicators to cycle indicators. When you analyze Renesola charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Renesola October 5, 2022 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Renesola stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Additionally, take a look at World Market Map. You can also try Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

Complementary Tools for analysis

When running Renesola ADR price analysis, check to measure Renesola's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Renesola is operating at the current time. Most of Renesola's value examination focuses on studying past and present price action to predict the probability of Renesola's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Renesola's price. Additionally, you may evaluate how the addition of Renesola to your portfolios can decrease your overall portfolio volatility.
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Is Renesola's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Renesola. If investors know Renesola will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Renesola listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Renesola ADR is measured differently than its book value, which is the value of Renesola that is recorded on the company's balance sheet. Investors also form their own opinion of Renesola's value that differs from its market value or its book value, called intrinsic value, which is Renesola's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Renesola's market value can be influenced by many factors that don't directly affect Renesola's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Renesola's value and its price as these two are different measures arrived at by different means. Investors typically determine Renesola value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Renesola's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.