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Stock Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
Emeren Group Ltd American Depositary Shares, each representing 10 shares (NYSE:SOL)
Weak Downtrend (-65) - SOL is showing signs of a strengthening downtrend. Monitor SOL as it may be building momentum to the downside.
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.
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MarketClub’s Trade Triangles for SOL
The long-term trend has been UP since Sep 9th, 2024 at 2.00
The intermediate-term trend has been DOWN since Oct 24th, 2024 at 2.40
The short-term trend has been DOWN since Nov 6th, 2024 at 2.42
Smart Scan Analysis for SOL
Based on our trend formula, SOL is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.910 | 1.920 | 1.840 | 1.865 | +0.005 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.870 | 211182 | 2024-11-20 15:56:51 |
| Year High | 3.25 | Year High Date | 2018-01-05 |
| Year Low | 1.31 | Year Low Date | 2018-10-30 |
| 52wk High | 3 | 52wk High Date | 2024-10-07 |
| 52wk Low | 1.41 | 52wk Low Date | 2024-08-05 |
| Year End Close | 1.54 | Average Volume | 246,074 |
| Shares Outstanding | 86,307 | Short Interest | 2,889,807 |
| % Institutional | 12.1 | Market Cap | 38M |
| Assets | 470,111,000M | Liabilities | 150,540,000M |
| P/E Ratio | 52.5 | Beta | 3.67 |
| Volatility | 65.43 |