CANADIAN SOLAR INC (CSIQ) Stock Technical Analysis
NASDAQ:CSIQ - Nasdaq - CA1366351098 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to CSIQ. CSIQ's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, CSIQ is a bad performer in the overall market: 85% of all stocks are doing better.
CSIQ is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 70% of 110 stocks in the same industry do better.
CSIQ is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CSIQ is lagging the market.
CSIQ has an average volume of 1796270 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
In the last month CSIQ has a been trading in the 9.53 - 11.77 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
CSIQ has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately.
More info and screens
9.90
11.49
When analyzing the support we notice one important area.
- A support zone ranging from 10.00 to 10.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 11.12 to 11.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for CSIQ is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CSIQ is neutral. |
| ChartMill Relative Strength | 15.99 | NEGATIVE | CSIQ has a low relative strength, it was outperformed by 84.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CSIQ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CSIQ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CSIQ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.76 | NEUTRAL | The RSI value for CSIQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests CSIQ has a negative trend. |
| Stochastics (14,3) | 16.38 | OVERSOLD | The low Stochastics value suggests CSIQ may be oversold. |
| Average True Range in percent/ATR (20) | 6.23 | HIGH VOLATILITY | The high ATR as a percentage value for CSIQ suggests high volalility. |
| Average Directional Index/ADX (14) | 33.95 | POSITIVE | The high ADX value value for CSIQ suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
10.01
-0.59 (-5.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-5.57%
1 Week-8.08%
2 Weeks-9.98%
1 Month-4.67%
3 Month0.5%
6 Month-12.96%
12 Month-36.52%
2 Year-74.13%
3 Year-67.85%
5 Year-48.05%
10 Year-65%
15 Year2.35%
Volatility
ATR(14)0.63
ATR(20)%6.23%
ATR Inc14.04%
Range Today0.8
ADR(20)0.58
ADR(20)%5.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.99
Mansfield-1.98
10 Day High11.77
10 Day Low9.97
20 Day High11.77
20 Day Low9.53
52 Week High19.55
52 Week Low6.57
CS1 End10
CR1 Start11.12
Volume & EV
DER(3)0.41%
DER(5)0.46%
Volume1.28M
Volume Incr-20.89%
Vol(5)930.70K
Vol(50)1.80M