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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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SolarEdge Technologies stock price up 3.91% on Friday
(Updated on Dec 01, 2023)

Hold candidate since Nov 29, 2023 Gain 5.00% PDF
The SolarEdge Technologies stock price gained 3.91% on the last trading day (Friday, 1st Dec 2023), rising from $79.38 to $82.48. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 8.58% from a day low at $76.14 to a day high of $82.67. The price has risen in 6 of the last 10 days and is up by 7.79% over the past 2 weeks. Volume fell on the last day by -3 million shares and in total, 3 million shares were bought and sold for approximately $223.34 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

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Given the current short-term trend, the stock is expected to fall -52.90% during the next 3 months and, with a 90% probability hold a price between $22.57 and $38.85 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.

SEDG Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, November 09, 2023, and so far it has risen 17.28%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The SolarEdge Technologies stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $83.68. On a fall, the stock will find some support from the short-term average at $78.71. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

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Support, Risk & Stop-loss for SolarEdge Technologies stock

SolarEdge Technologies finds support from accumulated volume at $79.38 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 $6.53 between high and low, or 8.58%. For the last week, the stock has had daily average volatility of 5.83%.

Our recommended stop-loss: $79.71 (-3.35%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 15 days ago.)

Trading Expectations (SEDG) For The Upcoming Trading Day Of Monday 4th

For the upcoming trading day on Monday, 4th we expect SolarEdge Technologies to open at $80.43, and during the day (based on 14 day Average True Range), to move between $77.39 and $87.57, which gives a possible trading interval of +/-$5.09 (+/-6.17%) up or down from last closing price. If SolarEdge Technologies takes out the full calculated possible swing range there will be an estimated 12.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $82.90 (0.51%) than the support at $79.38 (3.76%), 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 SolarEdge Technologies stock A Buy?

SolarEdge Technologies holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.233 Open Broker Account

Hold/Accumulate Unchanged

Predicted Opening Price for SolarEdge Technologies of Monday, December 4, 2023

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

Fair opening price December 4, 2023 Current price
$80.43 $82.48 (Overvalued)

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Fibonacci Support & Resistance Levels

Level Price
Resistance R3 86.96 5.43 %
R2 84.46 2.40 %
R1 82.92 0.535 %
Current price: 82.48
Support S1 77.93 -5.51 %
S2 76.39 -7.38 %
S3 73.90 -10.41 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 85.49 3.65 %
R2 83.34 1.04 %
R1 82.90 0.509 %
Current price 82.48
Support S1 79.38 -3.76%
S2 75.60 -8.34%
S3 72.79 -11.75%
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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

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 2023-12-01, the price of an SolarEdge Technologies (SEDG) share was $82.48.

What is the 52-week high and low for SolarEdge Technologies Stock?
The 52-week high for SolarEdge Technologies Stock is $345.80 and the 52-week low is $63.25.

What is the market capitalization of SolarEdge Technologies Stock?
As of the 2023-12-01, the market capitalization of SolarEdge Technologies is 4.51B.

When is the next earnings date for SolarEdge Technologies?
The upcoming earnings date for SolarEdge Technologies is 2024-02-12 00:00:00.

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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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