First cracks in SolarEdge's decline
SolarEdge stock rebounds 1.9% as the MACD posts its first improvement in 12 weeks
Our view last week
SolarEdge's decline resumes after last week's modest bounce: this week the stock sheds 4.9% and the weekly MACD slips below its Signal line, while the histogram keeps worsening for a 12th straight week. Under the surface a few cracks show — sellers still dominate but with less conviction, and momentum stops deteriorating after a month of decline. The short is under management for 9 weeks, now more than 40% in the money.
This week's summary
SolarEdge stock climbs 1.9% this week and the weekly MACD histogram turns up for the first time after 12 straight weeks of worsening — the first crack in the selling pressure. Sellers still control volume, and money flow keeps deteriorating. SolarEdge stock stays under watch among US stocks, with the sell signal still in play in our weekly technical analysis.
IQS Phase
74
in tension
Signal Strength
11
decline losing steam
Sizing
MINIMUM
Ranking
#71 / 96
US stocks
Trade P&L %
+39.30%
from signal to date, no stop loss
Rank position
ranks 71st among the 96 sell signals for US stocks in our ranking, with a signal strength of 11 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimeweak phase
Performanceweekly -1.73% · monthly +0.27%
SEDG belongs to the industrial sector (reference ETF XLI). The sector is classified weak phase according to our weekly reading.
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