SolarEdge: the decline speeds up after earnings
SolarEdge stock plunges 22.9% as the Sell signal regains momentum
SolarEdge: the decline speeds up after earnings
Our view last week
SolarEdge stock sheds another 3.3% this week after last week's 20.3% plunge. Volumes are back in balance, 50% buyers and 50% sellers, but money flow slides even further negative and momentum caves in: the distribution phase flagged by the price action is still underway. Price is climbing back toward the 50-week average, in the 43 area. The decline, in management for 6 weeks, still sits at a 20% gain; quarterly earnings land this very week.
This week's summary
SolarEdge stock plunges 22.9% in the week of its quarterly earnings, with sellers making up 98% of volume — the toughest week in a month. Price also breaks below the lower edge of the No-Trade Zone, in the 32 area: the Sell signal, under management for 7 weeks, regains momentum right when it looked like it was fading. The short remains well in the money, over 38%.
IQS Phase
83
in tension / maturity
Signal Strength
69
decline starting to make lower lows
Sizing
STANDARD
Ranking
#4 / 122
US stocks
Trade P&L %
+38.63%
from signal to date, no stop loss
Rank position
ranks 4th among the 122 sell signals for US stocks in our ranking, with a signal strength of 69 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimein strong phase
Performanceweekly +2.97% · monthly +2.64%
SEDG belongs to the industrial sector (reference ETF XLI). The sector is classified in strong phase according to our weekly reading.
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