DAQO NEW ENERGY CORP-ADR (DQ) Stock Technical Analysis
NYSE:DQ - New York Stock Exchange, Inc. - US23703Q2030 - ADR - Currency: USD
We assign a technical rating of 3 out of 10 to DQ. In the past year, DQ 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.
76% of all other stocks performed better in the past year than DQ.
DQ is part of the Semiconductors & Semiconductor Equipment industry. There are 110 other stocks in this industry, of which 73% are performing better than DQ.
DQ is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month DQ has a been trading in the 12.83 - 15.88 range, which is quite wide. It is currently trading near the high of this range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of DQ 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
12.61
22.63
When analyzing the support we can see 3 important areas.
- A support zone ranging from 14.32 to 14.48. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 13.04 to 13.13. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @12.74 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 15.31 to 15.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @17.58 from a trend line in the weekly time frame.
- Resistance @22.41 from a trend 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 | DOWN | NEGATIVE | The long term trend for DQ is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DQ is up. |
| ChartMill Relative Strength | 24.93 | NEGATIVE | DQ has a low relative strength, it was outperformed by 75.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DQ is above the rising 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) | UP | MIXED | The current price of DQ is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.04 | NEUTRAL | The RSI value for DQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests DQ has a positive trend. |
| Stochastics (14,3) | 78.35 | NEUTRAL | The Stochastics value for DQ is a neutral value. |
| Average True Range in percent/ATR (20) | 4.53 | MEDIUM VOLATILITY | The ATR as a percentage value for DQ suggests some volalility. |
| Average Directional Index/ADX (14) | 18.19 | NEGATIVE | The low ADX value for DQ 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)
15.3
+0.13 (+0.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg0.86%
1 Week6.77%
2 Weeks6.25%
1 Month17.24%
3 Month-1.35%
6 Month-26.62%
12 Month-2.17%
2 Year-60.84%
3 Year-76.35%
5 Year-31.03%
10 Year335.65%
15 YearN/A
Volatility
ATR(14)0.68
ATR(20)%4.53%
ATR Inc44.67%
Range Today0.88
ADR(20)0.64
ADR(20)%4.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.93
Mansfield-1.89
10 Day High15.88
10 Day Low13.6
20 Day High15.88
20 Day Low12.83
52 Week High30.85
52 Week Low12.41
CS1 End15.02
CR1 Start15.14
Volume & EV
DER(3)0.78%
DER(5)-0.02%
Volume579.20K
Volume Incr19.95%
Vol(5)687.66K
Vol(50)710.72K