Stock Trend Analysis Report
Prepared for you on Sunday, May 31, 2020.
Electrameccanica Vehicles Corp Ltd (NASDAQ:SOLO)
Bull Market Weakness (+75) - SOLO is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SOLO as it may be in the beginning stages of a reversal.
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 9th, 2020 at 1.74
The intermediate-term trend has been UP since Apr 28th, 2020 at 1.09
The short-term trend has been UP since May 21st, 2020 at 1.05
Smart Scan Analysis for SOLO
Based on our trend formula, SOLO is rated as a +70 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||3.93||52wk High Date||2019-04-01|
|52wk Low||0.8901||52wk Low Date||2020-03-16|
|Average Volume||284,629||Shares Outstanding||37,049|