- Volatility is at a recent 2 week low. A recent low volatility of stock movement within a box range could trigger break through when activities pick up.
- A moving average of short volume ratio is at a recent 2 week low. A lower short volume ratio could be a bullish signal.
- MACD is crossing MACD signal line at 5.3. MACD crossing signal line is bullish signal.
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes fromFinra
Moving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.
Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.
High expectations are exactly why SolarEdge Technology's (NASDAQ: SEDG) shares got pummeled during the last month. Management announced that SolarEdge's revenue fell by 17.6% to $338.1 million in the quarter, as the number of power optimizer units shipped declined by 28.7% to 3.3 million and the number of inverters shipped slid 18.8% to 152,500 units. What I'm most concerned about for SolarEdge is that it may already be losing market share.
Not only did the company's revenue fall by 18% year over year, but management also provided a weak outlook for the fourth quarter. The big question is: Do these results reflect a deterioration in the company's longer-term prospects, or was the sell-off due to some profit booking in a stock that is still up by 144% year-to-date? Last quarter, however, sales were impacted by a slower-than-expected recovery in commercial installations.
Solar ETF sizzling following a potential Joe Biden win in the election and strong Q3 earnings.
After nearly tripling in value in 2020, shares of solar inverter manufacturer SolarEdge Technologies (NASDAQ: SEDG) were hammered after it announced earnings last week. The company gets its revenue from its solar and non-solar businesses, with over 90% of its revenue and nearly all the growth coming from its solar products at this time.
A dividend stock, a growth stock, and a value stock offer a balanced approach to investing in a volatile sector.
Shares of Enphase Energy (NASDAQ: ENPH) jumped 18.8% in October, according to data from S&P Global Market Intelligence, after reporting third-quarter 2020 results. In the same quarter, SolarEdge's revenue was down 18% to $338.1 million, showing that a key rival is probably losing market share to Enphase Energy. Results in 2020 have been strange because COVID-19 has slowed solar installations.
Wall Street didn't like SolarEdge's third-quarter results, which could be a good thing for long-term investors.
The specialist in power optimizers and inverters already occupies a key niche the renewable energy space, and it's well-positioned to push into one of its next major growth segments.
Election Week 2020 dragged on as of Thursday afternoon, and America still hadn't quite figured out who will be the next president. One thing we do seem to have figured out: We still like solar stocks. At 11:50 a.m. EST today, shares of solar inverter producer SolarEdge Technologies (NASDAQ: SEDG) were up a solid 12.9%, while solar module maker Canadian Solar (NASDAQ: CSIQ) had gained 13.1%, and the stock of solar installer SunPower (NASDAQ: SPWR) was ahead by 16.7%.