RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of FSLR
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A very strong day for First Solar stock price on Wednesday
(Updated on Mar 27, 2024)

Buy candidate since Mar 27, 2024 PDF

The First Solar stock price gained 9.33% on the last trading day (Wednesday, 27th Mar 2024), rising from $153.16 to $167.45. During the last trading day the stock fluctuated 8.54% from a day low at $154.50 to a day high of $167.70. The price has risen in 6 of the last 10 days and is up by 5.95% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $562.24 million.

Given the current short-term trend, the stock is expected to fall -3.98% during the next 3 months and, with a 90% probability hold a price between $130.30 and $160.78 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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FSLR Signals & Forecast

The First Solar stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $154.27 and $153.37. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 05, 2024, and so far it has risen 19.78%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Thursday, March 21, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Thursday, March 21, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for First Solar stock

On the downside, the stock finds support just below today's level from accumulated volume at $153.89 and $149.25. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, First Solar finds support just below today's level at $153.89. If this is broken, then the next support from accumulated volume will be at $149.25 and $145.92.

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 $13.20 between high and low, or 8.54%. For the last week, the stock has had daily average volatility of 3.85%.

Our recommended stop-loss: $161.02 (-3.84%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 36 days ago.)

Trading Expectations (FSLR) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect First Solar to open at $163.22, and during the day (based on 14 day Average True Range), to move between $161.28 and $173.62, which gives a possible trading interval of +/-$6.17 (+/-3.68%) up or down from last closing price. If First Solar takes out the full calculated possible swing range there will be an estimated 7.37% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $172.16 (2.81%) than the support at $153.89 (8.10%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is First Solar stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.394 Buy Candidate Upgraded

Predicted Opening Price for First Solar of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$163.22 ( 2.53%) $167.45

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

Trading levels for FSLR

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 176.42 5.35 %
R2 171.37 2.34 %
R1 168.26 0.483 %
Current price: 167.45
Support S1 158.17 -5.54 %
S2 155.06 -7.40 %
S3 150.02 -10.41 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 173.22 3.45 %
R2 172.28 2.88 %
R1 172.16 2.81 %
Current price 167.45
Support S1 153.89 -8.10%
S2 149.25 -10.87%
S3 145.92 -12.86%

FAQ

What is the symbol for First Solar Stock and on which exchange is it traded?
The symbol for First Solar is FSLR and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell First Solar Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy First Solar Stock?
First Solar Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy First Solar Stock.

What's the current price of First Solar Stock?
As of the end of day on the 2024-03-27, the price of an First Solar (FSLR) share was $167.45.

What is the 52-week high and low for First Solar Stock?
The 52-week high for First Solar Stock is $232.00 and the 52-week low is $129.22.

What is the market capitalization of First Solar Stock?
As of the 2024-03-27, the market capitalization of First Solar is 16.365B.

When is the next earnings date for First Solar?
The upcoming earnings date for First Solar is Apr 25, 2024.
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About First Solar

First Solar First Solar, Inc. provides photovoltaic (PV) solar energy solutions in the United State, Japan, France, Canada, India, Australia, and internationally. The company designs, manufactures, and sells cadmium telluride solar modules that converts sunlight into electricity. It serves developers and operators of systems, utilities, independent power producers, commercial and industrial companies, and other system owners. The company was formerly known a... FSLR Profile

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