Stock Trend Analysis Report
Prepared for you on Tuesday, May 30, 2023.
Electrameccanica Vehicles Corp. Ltd. (NASDAQ:SOLO)
Sidelines Mode (-55) - SOLO is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Nov 22nd, 2021 at 3.180
The intermediate-term trend has been DOWN since Apr 26th, 2023 at 0.492
The short-term trend has been UP since May 19th, 2023 at 0.515
Smart Scan Analysis for SOLO
Based on our trend formula, SOLO is rated as a -55 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||1.87||52wk High Date||2022-08-15|
|52wk Low||0.44||52wk Low Date||2023-03-29|
|Average Volume||567,766||Shares Outstanding||119,288|