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First Solar Stock Forecast NASDAQ:FSLR

$105.92 (-2.18%)

Volume: 842k

Closed: Nov 26, 2021

Hollow Logo Score: -3.423

First Solar Stock Forecast

$105.92 (-2.18%)

Volume: 842k

Closed: Nov 26, 2021

Score Hollow Logo -3.423
Which way will FSLR go? Request
Key Stats
P/E Ratio 24.86
Beta 1.3
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 33 and the stock is currently not being overbought or oversold

First Solar stock price down 2.18% on Friday
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-26

The First Solar stock price fell by -2.18% on the last day (Friday, 26th Nov 2021) from $108.28 to $105.92. During the day the stock fluctuated 4.30% from a day low at $103.30 to a day high of $107.74. The price has fallen in 7 of the last 10 days and is down by -6.76% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 million shares and in total, 842 thousand shares were bought and sold for approximately $89.17 million.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $104.85 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 18.3% during the next 3 months and, with a 90% probability hold a price between $124.03 and $149.94 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The First Solar stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $106.46 and $109.55. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, November 01, 2021, and so far it has fallen -12.56%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

First Solar finds support from accumulated volume at $104.49 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $4.44 between high and low, or 4.30%. For the last week, the stock has had a daily average volatility of 5.72%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is First Solar stock A Buy?

The First Solar stock holds several negative signals and despite the positive trend, we believe First Solar will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.423

Predicted Opening Price for First Solar of Monday, November 29, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 29, 2021 Current price
$105.65 $105.92 (Overvalued)
Sell Candidate Unchanged

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Analyst Ratings

On Nov 09, 2021 "Susquehanna" gave "$123.00 - $140.00" rating for FSLR. The price target was changed from $111.47 to 3.1%.

Volatility and Risk
Daily Average Volatility: 5.72 %
Overall Risk: Very High High Medium Low Very Low
Volatility
5.72 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $106.17
Price: $105.92
Support: $104.49

FSLR Insider Trading Show all Trades

INSIDER POWER

0.232

Last 100 transactions
Buy: 51 833 | Sell: 223 415 (Shares)
Date Action Amount Person Type
Nov 22, 2021 Sell 603 Gloeckler Markus Common Stock
Nov 15, 2021 Sell 1 200 Kennedy R Craig Common Stock
Oct 19, 2021 Sell 1 790 Dymbort Jason E. Restricted Stock Units
Oct 19, 2021 Sell 1 120 Dymbort Jason E. Common Stock
Oct 18, 2021 Sell 670 Dymbort Jason E. Common Stock
Show all Insider Trades
INSIDER POWER

0.232

Last 100 transactions
Buy: 51 833 | Sell: 223 415 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 110.09 3.94 %
108.40 2.34 %
107.35 1.35 %
Current price: 105.92
Support 103.96 -1.85 %
102.91 -2.84 %
101.21 -4.44 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 119.59 12.91 %
108.28 2.23 %
106.17 0.24 %
Current price 105.92
Support 104.49 -1.35%
104.02 -1.79%
95.69 -9.66%

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About First Solar

First Solar First Solar, Inc. provides solar energy solutions in the United States and internationally. It operates through two segments, Components and Systems. The Components segment designs, manufactures, and sells solar modules that convert sunlight into electricity. This segment manufactures cadmium telluride and crystalline silicon modules for system integrators and operators. The Systems segment provides turn-key photovoltaic solar power systems or so... Read more

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