DAQO NEW ENERGY CORP-ADR (DQ) Stock Technical Analysis
NYSE:DQ - US23703Q2030 - ADR
22.86 USD
+0.39 (+1.74%)
22.83 USD
-0.03 (-0.13%)
We assign a technical rating of 8 out of 10 to DQ. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DQ is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
DQ is part of the Semiconductors & Semiconductor Equipment industry. There are 110 other stocks in this industry. DQ outperforms 91% of them.
DQ has an average volume of 1255980 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, DQ did better than 93% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
DQ is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DQ is lagging the market.
In the last month DQ has a been trading in the 20.44 - 25.44 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
DQ has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 23.00. Right above this resistance zone may be a good entry point.
More info and screens
20.44
23.51
When analyzing the support we notice one important area.
- A support zone ranging from 20.65 to 20.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 23.00 to 23.28. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for DQ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DQ is up. |
| ChartMill Relative Strength | 93.66 | POSITIVE | DQ has a high relative strength, it outperformed 93.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of DQ is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DQ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of DQ is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.69 | NEUTRAL | The RSI value for DQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests DQ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 65.22 | NEUTRAL | The Stochastics value for DQ is a neutral value. |
| Average True Range in percent/ATR (20) | 5.38 | HIGH VOLATILITY | The high ATR as a percentage value for DQ suggests high volalility. |
| Average Directional Index/ADX (14) | 40.9 | POSITIVE | The high ADX value value for DQ 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)
22.86
+0.39 (+1.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg1.74%
1 Week-0.48%
2 Weeks7.78%
1 Month-1.8%
3 Month66.5%
6 Month4.96%
12 Month50.39%
2 Year-38.17%
3 Year-65.71%
5 Year1.32%
10 Year712.37%
15 YearN/A
Volatility
ATR(14)1.1
ATR(20)%5.38%
ATR Inc-28.15%
Range Today0.98
ADR(20)1.14
ADR(20)%4.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.66
Mansfield1.33
10 Day High23.91
10 Day Low20.73
20 Day High25.44
20 Day Low20.44
52 Week High30.85
52 Week Low12.41
CS1 End20.67
CR1 Start23
Volume & EV
DER(3)0.88%
DER(5)-1.42%
Volume839.90K
Volume Incr-47.5%
Vol(5)702.22K
Vol(50)1.26M