DAQO NEW ENERGY CORP-ADR (DQ) Stock Technical Analysis
NYSE:DQ • US23703Q2030
Overall DQ gets a technical rating of 0 out of 10. DQ'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.
- 70% of all other stocks performed better in the past year than DQ.
- DQ is part of the Semiconductors & Semiconductor Equipment industry. There are 115 other stocks in this industry, of which 74% are performing better than DQ.
- In the last month DQ has a been trading in the 22.30 - 26.16 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- 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.
Although the technical rating is bad, DQ does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 24.88. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.74, a Stop Loss order could be placed below this zone.
More info and screens
23.14
We found 1 important support area.
- A support zone ranging from 23.37 to 23.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 24.88 to 24.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @25.83 from a horizontal line in the daily time frame.
- A resistance zone ranging from 26.85 to 27.22. This zone is formed by a combination of multiple trend lines and important moving averages in the daily 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 DQ is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DQ is down. |
| ChartMill Relative Strength | 30.02 | NEUTRAL | DQ is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of DQ is below a declining 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) | 42.24 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 42.41 | 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) | 12.26 | NEGATIVE | The low ADX value for DQ suggests a weak or negative trend. |
24.12
+0.17 (+0.71%)
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 0 / 10 to DQ.
What is the trend direction for DQ stock?
The current trend direction for DAQO NEW ENERGY CORP-ADR (DQ) is Bearish.
What is the RSI signal for DAQO NEW ENERGY CORP-ADR (DQ) stock?
DAQO NEW ENERGY CORP-ADR (DQ) has an RSI value of 42.2356. 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 23.74 and a resistance level at 24.88. Check the full technical report for our detailed analysis of DQ support and resistance levels.