First Solar Stock Technical Analysis
FSLR Stock | USD 176.28 1.24 0.71% |
As of the 23rd of April, First Solar shows the Downside Deviation of 2.19, coefficient of variation of 834.22, and Mean Deviation of 1.84. First Solar technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to break down and interpolate nineteen technical drivers for First Solar, which can be compared to its peers. Please confirm First Solar variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if First Solar is priced favorably, providing market reflects its regular price of 176.28 per share. Given that First Solar has jensen alpha of 0.1704, we urge you to verify First Solar's prevailing market performance to make sure the company can sustain itself at a future point.
First Solar Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as First, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to FirstFirst |
First Solar Analyst Consensus
Target Price | Advice | # of Analysts | |
237.57 | Strong Buy | 35 | Odds |
Most First analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand First stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of First Solar, talking to its executives and customers, or listening to First conference calls.
First Solar technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
First Solar Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of First Solar volatility. High ATR values indicate high volatility, and low values indicate low volatility.
First Solar Trend Analysis
Use this graph to draw trend lines for First Solar. You can use it to identify possible trend reversals for First Solar as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual First Solar price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.First Solar Best Fit Change Line
The following chart estimates an ordinary least squares regression model for First Solar applied against its price change over selected period. The best fit line has a slop of 0.57 , which means First Solar will continue generating value for investors. It has 122 observation points and a regression sum of squares at 12490.53, which is the sum of squared deviations for the predicted First Solar price change compared to its average price change.About First Solar Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of First Solar on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of First Solar based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on First Solar price pattern first instead of the macroeconomic environment surrounding First Solar. By analyzing First Solar's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of First Solar's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to First Solar specific price patterns or momentum indicators. Please read more on our technical analysis page.
2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 56.77 | 49.47 | 154.82 | 79.79 | PTB Ratio | 1.55 | 2.73 | 2.75 | 4.35 |
First Solar April 23, 2024 Technical Indicators
Most technical analysis of First help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for First from various momentum indicators to cycle indicators. When you analyze First charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | 0.0808 | |||
Market Risk Adjusted Performance | 0.2016 | |||
Mean Deviation | 1.84 | |||
Semi Deviation | 1.98 | |||
Downside Deviation | 2.19 | |||
Coefficient Of Variation | 834.22 | |||
Standard Deviation | 2.43 | |||
Variance | 5.89 | |||
Information Ratio | 0.0847 | |||
Jensen Alpha | 0.1704 | |||
Total Risk Alpha | (0.02) | |||
Sortino Ratio | 0.0938 | |||
Treynor Ratio | 0.1916 | |||
Maximum Drawdown | 12.9 | |||
Value At Risk | (3.53) | |||
Potential Upside | 3.78 | |||
Downside Variance | 4.8 | |||
Semi Variance | 3.9 | |||
Expected Short fall | (1.97) | |||
Skewness | 0.6639 | |||
Kurtosis | 2.1 |
First Solar April 23, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as First stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution | 95,139 | ||
Daily Balance Of Power | 0.15 | ||
Rate Of Daily Change | 1.01 | ||
Day Median Price | 174.48 | ||
Day Typical Price | 175.08 | ||
Price Action Indicator | 2.43 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Solar. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. To learn how to invest in First Stock, please use our How to Invest in First Solar guide.You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Complementary Tools for First Stock analysis
When running First Solar's price analysis, check to measure First Solar's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Solar is operating at the current time. Most of First Solar's value examination focuses on studying past and present price action to predict the probability of First Solar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Solar's price. Additionally, you may evaluate how the addition of First Solar to your portfolios can decrease your overall portfolio volatility.
Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
FinTech Suite Use AI to screen and filter profitable investment opportunities | |
Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum |
Is First Solar's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First Solar. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First Solar listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 2.058 | Earnings Share 7.74 | Revenue Per Share 31.075 | Quarterly Revenue Growth 0.156 | Return On Assets 0.0595 |
The market value of First Solar is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Solar's value that differs from its market value or its book value, called intrinsic value, which is First Solar's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Solar's market value can be influenced by many factors that don't directly affect First Solar's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Solar's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Solar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Solar's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.