23.43 USD
-2.43 (-9.38%)
23.5 USD
+0.07 (+0.3%)
We assign a technical rating of 8 out of 10 to CSIQ. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CSIQ is showing a nice and steady performance.
In the last month CSIQ has a been trading in the 20.27 - 34.59 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
CSIQ is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 91% of 112 stocks in the same industry.
CSIQ has an average volume of 5179010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, CSIQ did better than 97% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
CSIQ is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CSIQ is lagging the market.
CSIQ has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
9.70
23.66
We found 3 important support areas.
- Support @21.43 from a horizontal line in the daily time frame.
- Support @17.43 from a trend line in the daily time frame.
- Support @9.80 from a horizontal line in the daily time frame.
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 | UP | POSITIVE | The long term trend for CSIQ is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CSIQ is neutral. |
| ChartMill Relative Strength | 97.12 | POSITIVE | CSIQ has a high relative strength, it outperformed 97.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CSIQ is below the rising 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) | UP | POSITIVE | The current price of CSIQ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.45 | NEUTRAL | The RSI value for CSIQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.67 | NEGATIVE | The MACD value suggests CSIQ has a negative trend. |
| Stochastics (14,3) | 37.3 | NEUTRAL | The Stochastics value for CSIQ is a neutral value. |
| Average True Range in percent/ATR (20) | 15.5 | HIGH VOLATILITY | The high ATR as a percentage value for CSIQ suggests high volalility. |
| Average Directional Index/ADX (14) | 29.9 | 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)
23.43
-2.43 (-9.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-9.38%
1 Week-6.35%
2 Weeks-11.33%
1 Month6.55%
3 Month109.76%
6 Month108.45%
12 Month95.09%
2 Year-10.67%
3 Year-24.17%
5 Year-54.27%
10 Year-19.1%
15 Year89.1%
Volatility
ATR(14)3.45
ATR(20)%15.5%
ATR Inc-15.84%
Range Today2.39
ADR(20)3.28
ADR(20)%14.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.12
3 months CRS98.7
6 months CRS96.59
Mansfield6.58
10 Day High30.05
10 Day Low20.27
20 Day High34.59
20 Day Low20.27
52 Week High34.59
52 Week Low6.57
CS1 End21.43
CR1 StartN/A
Volume & EV
DER(3)-1.99%
DER(5)-0.92%
Volume5.41M
Volume Incr-40.9%
Vol(5)5.15M
Vol(50)5.18M
CANADIAN SOLAR INC / CSIQ FAQ
Can you provide the ChartMill technical rating for CANADIAN SOLAR INC?
ChartMill assigns a technical rating of 8 / 10 to CSIQ.
What is the trend direction for CSIQ stock?
The current trend direction for CANADIAN SOLAR INC (CSIQ) is Bullish.
What is the RSI signal for CSIQ stock?
CANADIAN SOLAR INC (CSIQ) has an RSI value of 48.4472. This indicates that the stock is currently neutral.
What is the MACD signal for CANADIAN SOLAR INC (CSIQ) stock?
The MACD indicator for CANADIAN SOLAR INC (CSIQ) has a value of -0.670731, indicating a bearish trend.