Selling pressure accelerates
SolarEdge plunges 20.3% and breaks below its double bottom near 48
Selling pressure accelerates
Our view last week
SolarEdge shares slip 3.1% this week in our latest technical analysis, pulling back after last week's bounce off the double bottom near the 48 area. Sellers still hold the edge but with less conviction: volumes are contracting, the final candle is indecisive and rejection signals are mixed. On the weekly chart ADX is losing steam while MACD stays negative - a picture still bearish, just softer than seven days ago.
This week's summary
SolarEdge shares plunge 20.3% this week, breaking below the double bottom near the 48 area that had held up in our weekly technical analysis for the past few weeks. Sellers take full control - 94% of the week's volume on the sell side - and money flow flips negative after weeks of accumulation. The sell signal, live for a month, is now up more than 17%; price is sliding toward the lower edge of our No-Trade Zone.
IQS Phase
83
in tension / maturity
Signal Strength
82
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#18 / 141
US stocks
Trade P&L %
+17.68%
from signal to today
Rank position
ranks 18th among the 141 sell signals for US stocks in our ranking, with a signal strength of 82 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimein positive regime
Performanceweekly +1.81% · monthly +1.36%
SEDG belongs to the industrial sector (reference ETF XLI). The sector is classified in positive regime according to our weekly reading.
restricted Platinum content