CANADIAN SOLAR INC (CSIQ) Stock Technical Analysis
NASDAQ:CSIQ - CA1366351098 - Common Stock
10.825 USD
-0.21 (-1.95%)
10.87 USD
+0.04 (+0.42%)
Overall CSIQ gets a technical rating of 0 out of 10. 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.
86% of all other stocks performed better in the past year than CSIQ.
CSIQ is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 76% of 112 stocks in the same industry do better.
CSIQ has an average volume of 1432980 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
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.
In the last month CSIQ has a been trading in the 9.41 - 13.35 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, CSIQ does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 11.06. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.80, a Stop Loss order could be placed below this zone.
More info and screens
9.41
12.82
2 important support areas can be observed.
- A support zone ranging from 9.73 to 9.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.51 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 11.06 to 11.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 12.10 to 12.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @12.69 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for CSIQ is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CSIQ is down. |
| ChartMill Relative Strength | 14.89 | NEGATIVE | CSIQ has a low relative strength, it was outperformed by 85.11% 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) | DOWN | NEGATIVE | The current price of CSIQ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CSIQ is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.63 | NEUTRAL | The RSI value for CSIQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests CSIQ has a positive trend. |
| Stochastics (14,3) | 49.06 | NEUTRAL | The Stochastics value for CSIQ is a neutral value. |
| Average True Range in percent/ATR (20) | 7.85 | HIGH VOLATILITY | The high ATR as a percentage value for CSIQ suggests high volalility. |
| Average Directional Index/ADX (14) | 18.06 | NEGATIVE | The low ADX value for CSIQ suggests a weak or negative 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)
10.825
-0.21 (-1.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-1.95%
1 Week9.34%
2 Weeks-4.96%
1 Month-5.21%
3 Month-1.95%
6 Month14.79%
12 Month-22.57%
2 Year-56.01%
3 Year-70.94%
5 Year-69.16%
10 Year-34.87%
15 Year-33.59%
Volatility
ATR(14)0.87
ATR(20)%7.85%
ATR Inc-46.24%
Range Today0.4
ADR(20)0.73
ADR(20)%6.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.89
Mansfield-1.32
10 Day High11.61
10 Day Low9.41
20 Day High13.35
20 Day Low9.41
52 Week High19.55
52 Week Low6.57
CS1 End9.8
CR1 Start11.06
Volume & EV
DER(3)-2.37%
DER(5)0.3%
Volume1.11M
Volume Incr46.67%
Vol(5)2.25M
Vol(50)1.43M