CANADIAN SOLAR INC (CSIQ) Technical Analysis
NASDAQ:CSIQ • CA1366351098
Current stock price
CSIQ Technical Rating and Analysis
Overall CSIQ gets a technical rating of 1 out of 10. CSIQ has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- CSIQ is part of the Semiconductors & Semiconductor Equipment industry. There are 115 other stocks in this industry, of which 73% are performing better than CSIQ.
- 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.
- In the last month CSIQ has a been trading in the 12.67 - 19.26 range, which is quite wide. It is currently trading near the lows of this range.
- CSIQ has an average volume of 2353280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, CSIQ turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.
- Considerably lower volume is observed in the last couple of days.
CSIQ Weekly and Daily overview Charts
CSIQ Setup Rating and Analysis
The technical rating of CSIQ is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
CSIQ Support and Resistance Analysis
12.84
We found 2 important support areas.
- Support @13.35 from a horizontal line in the weekly time frame.
- A support zone ranging from 12.97 to 13.05. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 13.37 to 13.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @14.32 from a horizontal line in the daily time frame.
- Resistance @16.45 from a trend line in the daily time frame.
- A resistance zone ranging from 17.42 to 17.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
CSIQ Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for CSIQ is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CSIQ is down. |
| ChartMill Relative Strength | 66.57 | NEUTRAL | CSIQ is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of CSIQ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CSIQ is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 36.56 | NEUTRAL | The RSI value for CSIQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests CSIQ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.4 | OVERSOLD | The low Stochastics value suggests CSIQ may be oversold. |
| Average True Range in percent/ATR (20) | 9.06 | HIGH VOLATILITY | The high ATR as a percentage value for CSIQ suggests high volalility. |
| Average Directional Index/ADX (14) | 20.93 | NEUTRAL | The ADX value for CSIQ suggests a possible start of a new trend. |
CSIQ Chart- and CandleStick Pattern Analysis
CSIQ Technicals: Chart, Performance Metrics, Trend & Indicators
13.36
-0.28 (-2.05%)
CANADIAN SOLAR INC / CSIQ TA FAQ
Can you provide the ChartMill technical rating for CANADIAN SOLAR INC?
ChartMill assigns a technical rating of 1 / 10 to CSIQ.
What is the current trend direction of CANADIAN SOLAR INC (CSIQ) stock?
The current trend direction for CANADIAN SOLAR INC (CSIQ) is Bearish.
What is the RSI signal for CANADIAN SOLAR INC (CSIQ) stock?
CANADIAN SOLAR INC (CSIQ) has an RSI value of 36.5598. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for CANADIAN SOLAR INC?
The buy/sell signal for CANADIAN SOLAR INC (CSIQ) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for CANADIAN SOLAR INC?
CANADIAN SOLAR INC (CSIQ) has a support level at 13.35 and a resistance level at 13.37. Check the full technical report for our detailed analysis of CSIQ support and resistance levels.