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, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

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 2 as stoploss in an intra day buy trade for a target of 2.03. However, stock will show a bearish move below 2.

SOL Renesola is falling or rising NEWS fundamental reasons

More announcements and NEWS

SOL Renesola Ltd. current price & indicator signals

Moving Averages for Renesola Ltd.

  • 5Day Average: 2.05
  • 12Day Average: 2.04
  • 20Day Average: 2.05
  • 50Day Average: 2.01
  • 100Day Average: 2.18
  • 150Day Average: 2
  • 200Day Average: 1.97

SOL Indicators & signals

Indicator MACD (12,26,9)

2.03, 2.02, 0
Indicator MACD is in positive zone

Indicator ADX (14)

0, 43.75, 43.75
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 56
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
21 Tue Jan 2025 2.01 2.01 to 2.09 -1.47% 1.1 times
17 Fri Jan 2025 2.04 2.02 to 2.16 0% 1.1 times
17 Fri Jan 2025 2.04 2.02 to 2.16 -1.92% 1.1 times
16 Thu Jan 2025 2.08 2.02 to 2.16 0% 0.89 times
15 Wed Jan 2025 2.08 1.97 to 2.17 9.47% 1.91 times
14 Tue Jan 2025 1.90 1.86 to 1.98 -2.56% 0.53 times
13 Mon Jan 2025 1.95 1.91 to 2.03 0% 0.82 times
13 Mon Jan 2025 1.95 1.91 to 2.03 -2.99% 0.82 times
10 Fri Jan 2025 2.01 2.00 to 2.14 -4.29% 1.11 times
08 Wed Jan 2025 2.10 2.09 to 2.25 0% 0.85 times
08 Wed Jan 2025 2.10 2.09 to 2.25 -6.67% 0.85 times
07 Tue Jan 2025 2.25 2.06 to 2.30 9.22% 1.73 times

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SOL NEWS why is Renesola Ltd. price falling or rising

 

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