U.S. Imposes Tariffs on Southeast Asian Solar Panels
U.S. Tariffs on Solar Panels: The United States has imposed tariffs of up to 3,521% on solar panels imported from Southeast Asia, specifically targeting Vietnam, Thailand, and Malaysia, in response to allegations of unfair trade practices.
Market Implications: This decision raises concerns about increased costs and supply shortages for solar projects, with potential long-term effects on domestic manufacturing and innovation within the U.S. solar industry.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for SXP
Technical Sentiment Analysis for Solar (SXP) As of , Solar (SXP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SXP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, SXP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Solar (SXP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00456 | 0.0139 | 0.0221 | 0.0314 | 0.0396 | 0.0489 | 0.0571 |
| Fibonacci | 0.0139 | 0.0206 | 0.0247 | 0.0314 | 0.0381 | 0.0422 | 0.0489 |
About SXP
About the author
