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Stock Trend Analysis Report

Prepared for you on Saturday, September 23, 2023.

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

Strong Downtrend (-100) - SOL is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SOL continues to fall. Traders should use caution and set stops.

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
3.0300 3.0499 2.8500 2.8900 -0.1500
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 down The intermediate-term trend has been DOWN since Sep 13th, 2023 at 3.10

short term down The short-term trend has been DOWN since Sep 8th, 2023 at 3.11

Smart Scan Analysis for SOL

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

-100
Smart Scan Analysis for SOL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.0300 3.0499 2.8500 2.8900 -0.1500
Prev. Close Volume Bid Ask Time
2.8900 1289622 2023-09-22 15:59:57
Year High3.25Year High Date2018-01-05
Year Low1.31Year Low Date2018-10-30
52wk High5.8752wk High Date2022-10-04
52wk Low3.0152wk Low Date2023-09-21
Year End Close1.54Average Volume412,113
Shares Outstanding86,307Short Interest2,889,807
% Institutional12.1Market Cap38M
Assets467,217,000MLiabilities128,094,000M
P/E Ratio52.5Beta3.67
Volatility65.43
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