Solid Power (SLDP) hits a new 52-week high on July 21, with a 100% technical “Buy” signal. Shares have doubled year-to-date and are up over 265% in the last three months. Valued at $724 million, SLDP develops all-solid-state rechargeable battery cells for electric vehicles and mobile power markets.

SLDP trades above its 50-day moving average at $4, with a Weighted Alpha of +80.05. It has gained 95.8% in the past year, holding its Trend Seeker “Buy” signal. The stock is trading above its 20, 50, and 100-day moving averages, with a 123.1% gain in the last month and a Relative Strength Index of 83.03%.

Solid Power is projected to grow revenue by 4.28% this year and 15.24% next year. Earnings are estimated to increase by 9.26% this year but decrease by 2.04% next year. Wall Street analysts are split on SLDP, with some major advisory sites giving a “Hold” rating while others see room for appreciation.

Solid Power exhibits momentum and hits new highs, but analysts have varying opinions on its potential. With volatility and speculation, strict risk management and stop-loss strategies are advised. Today’s Chart of the Day by Jim Van Meerten highlights SLDP’s current price appreciation and volatility, cautioning against blind investment.

Read more at Yahoo Finance: This EV Battery Stock Is Powering Up to New Highs