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(SOL) Renesola complete technical analysis [charts+indicators] | Buy/Sell Renesola | (SOL) share price targets

Complete technical analysis of Renesola (SOL) by charts plus indicators, forecast predictions and share price targets for Renesola (SOL)

Renesola trades in USA in Technology sector.

Showing technical analysis as on 2024-10-29 View latest technical analysis

10 day averaged volume of Renesola is 175470

Date	Daily Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	2.41	2.46	2.46	2.39	0.445 times
28 Mon Oct 2024	2.46	2.42	2.48	2.38	0.729 times
25 Fri Oct 2024	2.39	2.40	2.47	2.37	1.173 times
24 Thu Oct 2024	2.43	2.66	2.68	2.34	2.453 times
23 Wed Oct 2024	2.65	2.50	2.65	2.50	0.973 times
22 Tue Oct 2024	2.52	2.50	2.55	2.50	0.491 times
21 Mon Oct 2024	2.56	2.48	2.58	2.48	0.767 times
18 Fri Oct 2024	2.49	2.56	2.63	2.45	0.973 times
17 Thu Oct 2024	2.59	2.65	2.65	2.54	0.766 times
16 Wed Oct 2024	2.66	2.59	2.68	2.54	0.668 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2.5, but if it comes above 2.5, then a intra day buy could be more profitable.
If you take a sell trade below 2.5, then use 2.5 as stoploss and 2.3 as target. However if you take a buy trade in stock , then use 2.5 as stoploss and 2.62 as target.

Share price targets for Renesola (SOL)

Target Type	Value
Downside Target	1.41
Downside Target	1.46
Downside Target	1.50
Downside Target	1.78
Downside Target	1.84
Downside Target	1.94
Downside Target	2.00
Downside Target	2.34
Upside Target	2.45
Upside Target	2.55
Upside Target	2.68
Upside Target	2.74
Upside Target	3.00

Intraday share price targets for Renesola (SOL)

Target Type	Value
Downside Intraday Target	2.37
Downside Intraday Target	2.32
Upside Intraday Target	2.47
Upside Intraday Target	2.52
Upside Intraday Target	2.42

Weekly technical analysis of Renesola (SOL)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	2.41	2.42	2.48	2.38	0.2 times
25 Fri Oct 2024	2.39	2.48	2.68	2.34	1.417 times
18 Fri Oct 2024	2.49	2.63	2.69	2.45	0.703 times
11 Fri Oct 2024	2.67	2.90	3.00	2.55	0.472 times
04 Fri Oct 2024	2.87	2.40	3.00	2.40	1.006 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Renesola (SOL)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	2.41	2.69	3.00	2.34	0.61 times
30 Mon Sep 2024	2.70	1.80	2.74	1.78	1.48 times
30 Fri Aug 2024	1.81	1.71	2.00	1.41	1.291 times
31 Wed Jul 2024	1.72	1.51	1.94	1.50	0.872 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Renesola (SOL)

Price action analysis of Renesola ( (SOL) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Renesola ( (SOL) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Renesola ( (SOL) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Renesola stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Renesola in short term but the sell signal is initial and weak.

Renesola Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Renesola in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Renesola is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2.5 and Renesola (SOL) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Renesola (SOL) stock. Volume based technical analysis of Renesola (SOL) stock is negative.

Renesola Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.