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Stock Trend Analysis Report

Prepared for you on Tuesday, July 23, 2024.

Emeren Group Ltd American Depositary Shares, each representing 10 shares (NYSE:SOL)

Sidelines Mode (-55) - SOL 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 SOL?

MarketClub looks at technical strength and momentum to determine if the timing is right for SOL.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYSE_SOL
Open High Low SOL Price Change
1.8100 1.8500 1.7608 1.7700 -0.0500
Entry Signal

MarketClub’s Trade Triangles for SOL

long term down The long-term trend has been DOWN since Oct 11th, 2022 at 4.41

intermediate term up The intermediate-term trend has been UP since Jul 11th, 2024 at 1.65

short term down The short-term trend has been DOWN since Jul 23rd, 2024 at 1.77

Smart Scan Analysis for SOL

Based on our trend formula, SOL is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for SOL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.8100 1.8500 1.7608 1.7700 -0.0500
Prev. Close Volume Bid Ask Time
1.8200 117922 2024-07-23 15:59:50
Year High3.25Year High Date2018-01-05
Year Low1.31Year Low Date2018-10-30
52wk High3.938552wk High Date2023-07-25
52wk Low1.4652wk Low Date2024-06-18
Year End Close1.54Average Volume193,320
Shares Outstanding86,307Short Interest2,889,807
% Institutional12.1Market Cap38M
Assets454,428,000MLiabilities132,084,000M
P/E Ratio52.5Beta3.67
Volatility65.43
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