Stock Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
Electrameccanica Vehicles Corp Ltd (NASDAQ:SOLO)
Long-Term Downtrend (-90) - SOLO is in a strong downtrend that is likely to continue. While SOLO is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SOLO?
MarketClub looks at technical strength and momentum to determine if the timing is right for SOLO.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SOLO
The long-term trend has been DOWN since Mar 4th, 2021 at 5.300
The intermediate-term trend has been DOWN since Feb 22nd, 2021 at 7.160
The short-term trend has been DOWN since Feb 11th, 2021 at 8.085
Smart Scan Analysis for SOLO
Based on our trend formula, SOLO is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Year High||8.25||Year High Date||2018-06-05|
|Year Low||1.29||Year Low Date||2018-11-15|
|52wk High||13.6||52wk High Date||2020-11-20|
|52wk Low||0.8901||52wk Low Date||2020-03-16|
|Average Volume||14,263,799||Shares Outstanding||37,049|