WHAT DO YOU SEE?a FLAG?
or
A Cup?
or
Something else?
What if tell you this ticker has 33% short interest and 98.9% institutional ownership?
SEDG trade ideas
SEDGE Falling Wedge - Seems bullishThe name is setting up for a breakout.
I buy now a little bit.
I'll add if we touch the lower line.
I will add at the confirmed breakout.
Lets see :)
SEDG Possible Play's Again my cus trades stocks so I figured I would post what I charted up for him. When looking at possible play's you will need to go down to a 2min time frame to get your entries. With the gaps in these stocks it can be difficult to find entries with so much missing data. maybe I don't pay enough to see it . I cannot post lower time frames and zones but set up 30min wick highs / lows -zones 3 candles back and you will see the support and resistance
We will wait to June or July for SEDG!!!1) I drew Resistance line on RSI Indicator.
2) I drew Resistance line on Momentum Indicator.
3) I drew Resistance line on CCI Indicator.
4) I drew Resistance line on MACD Indicator.
SEDG Solaredge - More losses ahead?Solaredge Chart Analysis
The stock is in a clear downtrend since February
with a Significant resistance level at around $32.11
The Minor support seems at around $17.12
Increased volume during price drops indicates strong selling pressure and
Prices below the EMA are clues for bearish momentum
Key Points for a Trade
Entry: Consider waiting for a break below support or a pullback at resistance.
Stop-Loss: Set slightly above recent swing high ($24) to manage risk.
In case of pullback look for Stops at around $32.90
Trend continuation: Be cautious at EMA crossover or strong volume spikes, which could indicate a trend reversal.
Additional Clues:
Todays Put Option Volume increased 1,4 times of what was expected indicating bearish flow
Breakout on the weekly?Good volume on what seems to be the bottom. Might be a good longer term hold.
Solaredge should have bottomed out now .......... !?!NASDAQ:SEDG
I think after 95% down and ABC Correction - Also all sub Waves look to be finished - We could maybe now see the low in many Solar related stocks like Solaredge, Enphase, Jinko, Trina etc.
Two Days ago we had a Hammer Daily and could see that weekly we get also a Hammer and daily we had just 3 day formation of Morning Star .....
www.tradingview.com
SOLAREDGE auf die Watchlist nach starkem FallHier halte ich ausschau für einen möglichen Einstieg nach Ausbruch aus der Flagge
SEDG Currently Entering Buy ZoneThis is where I start accumulating SEDG again after being stopped out a few months back. Risk/Reward here is above 3. I have resting orders scattered across the green zone with a stop at the swing low.
SEDG due for a big bounce?The recent bullish price action in solar names like ENPH and FLSR has me looking at SEDG. I think we can easily get a push up to the $80-90 zone.
OversoldWe are still falling but the Donchian Channel has turned already and the MAs are beginning to hint for a light oversold condition already. As we have fallen so deeply for over a year now the risk for further deep declines are smaller now.
SEDG will come back soonSEDG will come back soon:
-Successful shakeout.
-Wedge pattern.
-Voume confirm.
SEDG - BullishFor a while now SEDG has been consolidating. Mid March, the price tried to take the lows out however it failed. EMAs crossing now and momentum picking up to the upside.
Risk responsibly. Good luck
ResistanceAfter the short from March 7th until March 20th we saw a rebounce. It has reached more than 50 % retracement now and I think that it is worth to play the downside again.
Decline RetracedWe have retraced the mid February decline by 38 % now. Close to an open downward window with a channel that has turned downward already I assume that we will leave the recent trading range to the downside soon.
Broad BottomWe have reached a 6 year old bottom now. There is room for a bigger correction.
Whether this will take place immediately is not sure. At least the likelihood for a rise is bigger now.
SEDG under pressure NASDAQ:SEDG
Solar industry still under big pressure, because of Hi Interest Rates!
Break of 63.5 Level can cause a huge drop, a 50 % drop is possible!
In my opinion this scenario is very likely, considering the entire solar industry is under pressure
SEDG forming double bottomsReasons for bullish bias:
- Price is at strong support
- Price formed double bottoms on weekly
- Entry at neckline breakout for further confirmation
- Strong bullish divergence
Entry Level(Buy stop): 106.25
Stop Loss Level: 58.17
Take Profit Level 1: 154.33
Take Profit Level 2: Open
SolarEdge to Reduce 16% of Workforce SolarEdge ( NASDAQ:SEDG ), a prominent player in the renewable energy sector, finds itself grappling with significant challenges as it navigates through turbulent market conditions. Despite its innovative solutions and prior successes, the company's recent performance has been overshadowed by a slew of setbacks, including a stark downturn in revenues and a daunting inventory backlog.
Earnings Report
The company unveiled a bleak outlook for the first quarter of 2024. With revenues projected to range between $175 million to $215 million, substantially lower than analysts' expectations of $406 million, SolarEdge's ( NASDAQ:SEDG ) stock took a nosedive, plummeting as much as 23% in extended trading. This downward spiral comes on the heels of a challenging period marked by persistently high-interest rates and sluggish demand in the residential solar market.
CEO Zvi Lando attributed the company's woes to a confluence of factors, including adverse market dynamics and an inventory glut resulting from a sudden downturn in demand. SolarEdge ( NASDAQ:SEDG ), known for its expertise in manufacturing inverters crucial for converting solar power into electricity, found itself saddled with excess inventory amidst weakening sales. Lando highlighted the struggles faced in both European and U.S. markets, with the latter expected to remain subdued until interest rates witness a significant decline.
To address the looming inventory backlog and mitigate the impact of dwindling revenues, SolarEdge ( NASDAQ:SEDG ) announced sweeping measures aimed at cost reduction and operational streamlining. This includes a substantial workforce reduction of 16%, closure of select manufacturing sites, and strategic exits from certain business segments. While these measures are aimed at bolstering the company's resilience in the face of adversity, the road ahead remains fraught with uncertainties.
Looking ahead, CEO Zvi Lando expressed cautious optimism regarding the potential rebound of the European residential solar market in the first quarter, followed by gradual improvement thereafter. However, the timeline for clearing the inventory backlog extends well into 2024, underscoring the prolonged challenges confronting SolarEdge ( NASDAQ:SEDG ). Amidst intensifying competition and a rapidly evolving regulatory landscape, the company finds itself at a critical juncture, requiring swift and decisive actions to regain its footing in the market.
Conclusion:
SolarEdge's ( NASDAQ:SEDG ) recent travails serve as a stark reminder of the inherent volatility and challenges pervasive in the renewable energy sector. As the company charts its course through choppy waters, stakeholders remain vigilant, awaiting signs of a potential turnaround. The path ahead may be fraught with obstacles, but with prudent management and strategic initiatives, SolarEdge ( NASDAQ:SEDG ) retains the potential to emerge stronger and more resilient in the long run.
SolarEdge Faces Turbulent Times Amidst Layoffs and Revenue FallSolarEdge ( NASDAQ:SEDG ), once a stalwart in the renewable energy sector, finds itself at a crossroads as it announces a massive layoff plan, cutting 900 jobs – a move that underscores the harsh realities of a sharp decline in revenue. The company, which had witnessed an 80% drop in valuation, is grappling with unforeseen challenges, including postponed orders, cancellations, and a challenging macro environment for renewable energy companies.
The Downward Spiral:
SolarEdge's descent from grace has been rapid, marked by a series of setbacks that have eroded its market value. The company, a former member of the S&P 500 until just two months ago, now faces a four-and-a-half-year low in its stock prices since September 2019. The current market valuation of $3.9 billion is a far cry from its peak at $20 billion in mid-2022, when it stood as the largest Israeli company on Wall Street.
Revenue Fall and Analyst Surprises:
The heart of SolarEdge's predicament lies in its financial downturn. The company revealed that its revenues for the fourth quarter of 2023 are expected to be a staggering 55% lower than the already diminished figures from the third quarter. Analysts, caught off guard by the severity of the decline, had predicted a drop in revenue but not to such an extent. The third-quarter revenues of $725 million were themselves 27% lower than the second-quarter revenues of $991 million.
Factors Behind the Freefall:
SolarEdge attributes the sharp decline in revenue to a myriad of factors, including the postponement of orders and cancellations from customers and distributors in Europe. The company is also contending with increased inventory, a challenging macro environment for renewable energy companies, and the impact of changes in tax incentives in the U.S. and Europe. The rise in interest rates, making financing projects more expensive, has further strained the industry's sensitivity to cost increases in the renewable energy sector.
BlackRock's Contrarian Move:
Despite SolarEdge's woes, investment giant BlackRock has taken a contrarian stance, increasing its stake in the company over recent months. According to a report filed with the U.S. Securities & Exchange Commission (SEC), BlackRock held a 15.8% stake in SolarEdge at the end of 2023, up from 9% in its previous report in April 2023. This move raises questions about BlackRock's confidence in SolarEdge's ability to weather the storm and bounce back from its current challenges.
Conclusion:
As SolarEdge ( NASDAQ:SEDG ) navigates through these turbulent times, the layoffs and revenue plunge serve as a stark reminder of the volatility inherent in the renewable energy sector. The company's ability to adapt to changing market conditions, address internal challenges, and regain investor confidence will determine its future trajectory. In a landscape where renewable energy companies face multifaceted challenges, SolarEdge's journey unfolds as a cautionary tale and an opportunity for introspection within the industry.
Reality check - Game over!At current stock price, the P/E is extremely inflated above 70 !
SEDG has no reason to be trading at these prices whatsoever, once the last impulsive wave #5 is completed, the sell will come like a tsunami!
Good luck to bag holders!
Solar reboundSolar Edge technology stock experienced the most aggressive sell-off in 2023 since it went public. A rebound from pre-covid prices attracted investors and we saw one of the highest buying volumes in the stock's history.
This can be a sign of a bottom and a possible rebound to $100 and beyond. The first position was filled when the market opened.
