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 SEDG
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Red day on Friday for SolarEdge Technologies
(Updated on Jul 19, 2024)

Sell candidate since Jul 15, 2024 Loss -4.11% PDF

The SolarEdge Technologies stock price fell by -3.93% on the last day (Friday, 19th Jul 2024) from $26.74 to $25.69. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 4.11% from a day low at $25.53 to a day high of $26.58. The price has been going up and down for this period, and there has been a 2.55% gain for the last 2 weeks. 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, 4 million shares were bought and sold for approximately $102.70 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -56.70% during the next 3 months and, with a 90% probability hold a price between $6.78 and $12.90 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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SEDG Signals & Forecast

There are mixed signals in the stock today. The SolarEdge Technologies 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 $28.44 and $34.78. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 7.18%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for SolarEdge Technologies stock

SolarEdge Technologies finds support from accumulated volume at $25.27 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.05 between high and low, or 4.11%. For the last week, the stock has had daily average volatility of 9.15%.

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

Trading Expectations (SEDG) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect SolarEdge Technologies to open at $25.93, and during the day (based on 14 day Average True Range), to move between $23.03 and $28.35, which gives a possible trading interval of +/-$2.66 (+/-10.37%) up or down from last closing price. If SolarEdge Technologies takes out the full calculated possible swing range there will be an estimated 20.74% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $25.27 (1.63%) than the resistance at $26.40 (2.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is SolarEdge Technologies stock A Buy?

SolarEdge Technologies holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -3.928 Sell Candidate Unchanged

Predicted Opening Price for SolarEdge Technologies of Monday, July 22, 2024

Fair opening price July 22, 2024 Current price
$25.93 ( 0.95%) $25.69

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

Trading levels for SEDG

Fibonacci Support & Resistance Levels

Level Price
R3 26.98 5.03%
R2 26.58 3.47%
R1 26.33 2.51%
Price 25.69
S1 25.53 -0.614%
S2 25.28 -1.58%
S3 24.88 -3.14%

Accumulated Volume Support & Resistance Levels

Level Price
R3 27.37 6.54%
R2 26.79 4.28%
R1 26.40 2.76%
Price 25.69
S1 25.27 -1.63%
S2 24.99 -2.72%
S3 24.25 -5.61%

FAQ

What is the symbol for SolarEdge Technologies Stock and on which exchange is it traded?
The symbol for SolarEdge Technologies is SEDG and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell SolarEdge Technologies Stock?
SolarEdge Technologies holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

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

What's the current price of SolarEdge Technologies Stock?
As of the end of day on the Jul 19, 2024, the price of an SolarEdge Technologies (SEDG) share was $25.69.

What is the 52-week high and low for SolarEdge Technologies Stock?
The 52-week high for SolarEdge Technologies Stock is $268.76 and the 52-week low is $23.51.

What is the market capitalization of SolarEdge Technologies Stock?
As of the Jul 19, 2024, the market capitalization of SolarEdge Technologies is 1.472B.

When is the next earnings date for SolarEdge Technologies?
The upcoming earnings date for SolarEdge Technologies is Aug 06, 2024.
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About SolarEdge Technologies

SolarEdge Technologies SolarEdge Technologies, Inc., together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations worldwide. It operates through five segments: Solar, Energy Storage, e-Mobility, Critical Power, and Automation Machines. The company offers inverters, power optimizers, communication devices, and smart energy management solutions used in residential, commercial, and sm... SEDG Profile

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