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- 1 Energy Solar stock price decreased by 3.70% since yesterday.
- 2 Energy Solar Tech (BME: ETC) stock’s 52-week price range is €3.9 – €9.9.
While the Electrical industry’s earnings increased by 14.9% per year on average, Energy Solar Tech’s earnings grew at a much higher rate of 954.3% annually. As reported by SimplyWall, a website that offers financial insights and analysis, the company’s revenues also rose significantly, at an average annual rate of 214.5%. The company has a return on equity of 9.2% and net margins of 16.1%.
The company’s debt-to-equity ratio is 10.7%, as its total shareholder equity is €24.2 Million and its total debt is €2.6 Million. Its total assets and total liabilities, as reported by SimplyWall, are €29.8 Million and €5.6 Million respectively. The company has an EBIT of €2.7 Million, which gives it an interest coverage ratio of 24. It also has €7.1 Million in cash and short-term investments.
The market capitalization of ETC stock is €155.191 Million and the total revenue is 13.27 Million. The stock’s basic EPS is €0.086 and the price-to-earnings ratio is 78.9. Moreover, the average volume is 4.953K and the currently, the volume is below average volume.
Moreover, the ETC stock has surged by 14.21% in the last six months. ENERGY SOLAR TECH S.A.(BME: ETC) stock has a positive year-to-date return of 21.83% and a positive 1-year return of 66.74%.
Technical Analysis of Energy Solar Stock Price in 1-D Timeframe
The price action shows that Energy Solar stock price ( BME: ETC) shed almost 40% from €9.97 to €5.98, which is a major demand zone, by creating lower highs and lower lows.
However, the stock lacks momentum as the price has been consolidating for months in the demand zone. The price tried to surge several times but failed.
Therefore, it can be assumed that the price would only rise if the volume supports the stock. The price would then move upwards and reach targets one and two, which are €7.14 and €7.67 respectively.
On the other hand, if the support zone breaks and the price falls, it might reach lower support levels.
At the time of publishing, Energy Solar stock price ( BME: ETC) is trading below the 20, 50, and 100-day EMAs (exponential moving average), which is rejecting the price trend. Hence, ETC Price is expected to move downwards giving bearish views over the daily time frame chart.
The current value of RSI is €46.36 points. The 14 SMA is at the median line at 46.78 points which indicates that the price is neutral.
The MACD line at 0.0234 and signal line at 0.0440 are below the zero line and a bullish crossover was observed in the MACD oscillator which signals more bullishness for the ETC stock price.
Summary
Energy Solar stock price is showing a lack of clear direction on the 1-D time frame. The price action indicates a sideways trend that may persist (at the time of writing). The technical parameters of the ETC Stock are also ambiguous about the movement. The major indicators MACD, RSI, and EMA are not giving definite signals and suggest that the range-bound movement may continue.
Technical Levels
- The nearest support levels: €6.36 and €5.97.
- The nearest resistance levels: €7.14 and €7.67.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
