DAQO NEW ENERGY CORP-ADR (DQ) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:DQ - US23703Q2030 - ADR
Taking everything into account, DQ scores 5 out of 10 in our technical rating. In the last year, DQ was one of the better performers, but we do observe some doubts in the very recent evolution.
DQ has an average technical rating and it also does not offer a high 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
27.05
We found 2 important support areas.
- A support zone ranging from 29.39 to 29.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @27.32 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 32.03 to 32.05. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 33.12 to 33.82. 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 | UP | POSITIVE | The long term trend for DQ is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DQ is down. |
| ChartMill Relative Strength | 87.01 | POSITIVE | DQ has a high relative strength, it outperformed 87.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DQ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of DQ is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DQ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.82 | NEUTRAL | The RSI value for DQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.43 | NEGATIVE | The MACD value suggests DQ has a negative trend. |
| Stochastics (14,3) | 3.86 | OVERSOLD | The low Stochastics value suggests DQ may be oversold. |
| Average True Range in percent/ATR (20) | 5.32 | HIGH VOLATILITY | The high ATR as a percentage value for DQ suggests high volalility. |
| Average Directional Index/ADX (14) | 15.24 | NEGATIVE | The low ADX value for DQ suggests a weak or negative trend. |
29.5
-0.14 (-0.47%)
DAQO NEW ENERGY CORP-ADR / DQ FAQ
Can you provide the ChartMill technical rating for DAQO NEW ENERGY CORP-ADR?
ChartMill assigns a technical rating of 5 / 10 to DQ.
What is the trend direction for DQ stock?
The current trend direction for DAQO NEW ENERGY CORP-ADR (DQ) is Bullish.
What is the RSI signal for DAQO NEW ENERGY CORP-ADR (DQ) stock?
DAQO NEW ENERGY CORP-ADR (DQ) has an RSI value of 39.8175. This indicates that the stock is currently neutral.
Can you provide the short term momentum for DAQO NEW ENERGY CORP-ADR?
The short term momentum for DAQO NEW ENERGY CORP-ADR (DQ) is negative.
What is the support and resistance level for DQ stock?
DAQO NEW ENERGY CORP-ADR (DQ) has a support level at 29.49 and a resistance level at 32.03. Check the full technical report for our detailed analysis of DQ support and resistance levels.