Is fslr a good short

**First Solar Inc. (FSLR) does not appear to be a strong candidate for a short position**. Here's why: 1. **Recent Performance**: Despite a recent 1-week percentage change of -3.19% as of July 31, 2024, the closing price of $214.26 on that date suggests a resilient market performance. This indicates that the stock has the potential to recover quickly from short-term downturns. |Ticker|Name|Closing Price|Date|code|market_code| |---|---|---|---|---|---| |FSLR.O|First Solar|214.19|20240731|FSLR|185| 2. **Technical Indicators**: The stock's technical indicators show mixed signals that do not overwhelmingly suggest a bearish trend. The 5-day and 10-day moving averages were $217.77 and $218.34 respectively, slightly higher than the closing price, indicating a recent downtrend but not a strong one. The MACD was at 0.57, KDJ at 26.47, and RSI at 36.6, which do not point to an oversold condition that would typically be associated with a short position. |Ticker|Name|5-Day Moving Average|10-Day Moving Average|Date|code|market_code| |---|---|---|---|---|---|---| |FSLR.O|First Solar|217.7710|218.3445|20240731|FSLR|185| 3. **Support and Resistance Levels**: The current support level is at $207.01, and the resistance level is at $213.28, suggesting that the stock has some room to move up before encountering significant selling pressure. This could imply that short sellers might need to pay a premium to borrow shares and sell them, making the short position less attractive. |Ticker|Name|Support Level (Narrow)|Resistance Level (Narrow)|Date|code|market_code| |---|---|---|---|---|---|---| |FSLR.O|First Solar|207.013|213.2815|20240730|FSLR|185| 4. **Fund Flow**: The net fund flow was positive at $70.55 million, which could indicate investor confidence and potential for future price appreciation. Although the net fund flow for extra-large orders and block orders were not available, the positive overall fund flow is a positive signal for the stock's future performance. 5. **Company Fundamentals**: First Solar's short-term activity ratios have shown improvements and deteriorations, but overall, the company's working capital turnover and cash conversion cycle have been positive, which is a good sign for its operational efficiency. Additionally, the company's revenue is forecasted to grow at a rate of 27% per year over the next 3 years, which is a strong indicator of its growth potential. 6. **Market Sentiment**: The sentiment towards First Solar is very positive, with investors allocating an average of 4.57% of their portfolios to FSLR. This positive sentiment among investors can often be a sign of confidence in the stock's future performance. In conclusion, while there are some indicators that suggest caution, such as the recent 1-week percentage change and the KDJ indicator, the overall technical picture and market sentiment do not strongly suggest that FSLR is an attractive short position at this time.