NASDAQ:CSIQ - Nasdaq - CA1366351098 - Common Stock - Currency: USD
Taking everything into account, CSIQ scores 3 out of 10 in our technical rating. In the past year, CSIQ was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
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 support zone below the current price at 9.92, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CSIQ in the last couple of days, which is a good sign.
9.69
When analyzing the support we notice one important area.
2 important resistance areas can be observed.
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 | NEUTRAL | NEUTRAL | The short term trend for CSIQ is neutral. |
ChartMill Relative Strength | 15.6 | NEGATIVE | CSIQ has a low relative strength, it was outperformed by 84.4% off all stocks on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CSIQ is above 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) | DOWN | NEGATIVE | The current price of CSIQ is below a declining SMA(200). |
Relative Strength Index/RSI (14) | 54.06 | NEUTRAL | The RSI value for CSIQ is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests CSIQ has a negative trend. |
Stochastics (14,3) | 41.4 | NEUTRAL | The Stochastics value for CSIQ is a neutral value. |
Average True Range in percent/ATR (20) | 6.97 | HIGH VOLATILITY | The high ATR as a percentage value for CSIQ suggests high volalility. |
Average Directional Index/ADX (14) | 34.26 | POSITIVE | The high ADX value value for CSIQ suggests a strong trend. |
10.16
+0.13 (+1.3%)