SOL NEWS why is Renesola Ltd. price falling or rising

SOL NEWS reasons for why stock price of Renesola Ltd. is falling or rising

SOL Renesola is falling or rising technical reasons

Technical analysis forecast for Renesola Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Renesola SOL at this time. Stock is falling and might fall more.

It appears as if Renesola SOL gave a large move recently.

Stock of Renesola (SOL) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Renesola is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 1.8 as stoploss in an intra day buy trade for a target of 2.04. However, stock will show a bearish move below 1.8.

SOL Renesola is falling or rising NEWS fundamental reasons

Sebi cancels Trafiksol SME IPO, asks company to refund investors' money Market regulator Securities and Exchange Board of India (Sebi) on Monday cancelled the SME IPO of Trafiksol ITS Technologies, which was earlier put on hold by BSE pending investigation, and asked the company to refund the money to the investors. - NEWS as on 2024-12-03 indiatimes.com

More announcements and NEWS

SOL Renesola Ltd. current price & indicator signals

Moving Averages for Renesola Ltd.

  • 5Day Average: 1.85
  • 12Day Average: 1.92
  • 20Day Average: 2.08
  • 50Day Average: 2.36
  • 100Day Average: 2.09
  • 150Day Average: 1.97
  • 200Day Average: 1.98

SOL Indicators & signals

Indicator MACD (12,26,9)

1.95, 2.11, -0.14
Indicator MACD is in negative zone

Indicator ADX (14)

0, 41.18, 41.18
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 46
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SOL Renesola Ltd. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
26 Tue Nov 2024 1.82 1.82 to 1.99 0% 0.66 times
26 Tue Nov 2024 1.82 1.82 to 1.99 -6.19% 0.66 times
25 Mon Nov 2024 1.94 1.90 to 1.99 3.74% 0.64 times
22 Fri Nov 2024 1.87 1.77 to 1.88 2.75% 0.73 times
21 Thu Nov 2024 1.82 1.80 to 1.90 -2.67% 0.68 times
20 Wed Nov 2024 1.87 1.84 to 1.92 0.54% 0.99 times
19 Tue Nov 2024 1.86 1.86 to 2.05 -7.46% 1.28 times
18 Mon Nov 2024 2.01 1.86 to 2.10 5.24% 0.87 times
15 Fri Nov 2024 1.91 1.76 to 1.96 -4.5% 1.69 times
14 Thu Nov 2024 2.00 2.00 to 2.13 -3.38% 1.24 times
13 Wed Nov 2024 2.07 2.01 to 2.14 2.48% 1.21 times
12 Tue Nov 2024 2.02 2.00 to 2.18 -5.16% 1.06 times

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