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 1 out of 10 to DQ. 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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
89% of all other stocks performed better in the past year than DQ.
DQ is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 77% of 110 stocks in the same industry do better.
DQ is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so DQ is lagging the market.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
In the last month DQ has a been trading in the 12.83 - 15.87 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
12.60
22.99
When analyzing the support we notice one important area.
- A support zone ranging from 12.73 to 12.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 15.03 to 15.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @16.45 from a trend line in the daily time frame.
- Resistance @18.46 from a trend line in the weekly time frame.
- Resistance @22.76 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 | NEUTRAL | NEUTRAL | The short term trend for DQ is neutral. |
| ChartMill Relative Strength | 11.64 | NEGATIVE | DQ has a low relative strength, it was outperformed by 88.36% 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) | DOWN | NEGATIVE | The current price of DQ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DQ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.02 | NEUTRAL | The RSI value for DQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests DQ has a positive trend. |
| Stochastics (14,3) | 52.58 | NEUTRAL | The Stochastics value for DQ is a neutral value. |
| Average True Range in percent/ATR (20) | 4.97 | MEDIUM VOLATILITY | The ATR as a percentage value for DQ suggests some volalility. |
| Average Directional Index/ADX (14) | 12.94 | 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)
14.37
+0.75 (+5.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg5.51%
1 Week7.56%
2 Weeks5.97%
1 Month8.37%
3 Month-24.61%
6 Month-20.52%
12 Month-28.22%
2 Year-63.8%
3 Year-79.87%
5 Year-3.22%
10 Year205.1%
15 YearN/A
Volatility
ATR(14)0.61
ATR(20)%4.97%
ATR Inc42%
Range Today1.08
ADR(20)0.62
ADR(20)%4.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.64
Mansfield-2.28
10 Day High14.81
10 Day Low12.83
20 Day High15.87
20 Day Low12.83
52 Week High30.85
52 Week Low12.41
CS1 End12.88
CR1 Start15.03
Volume & EV
DER(3)4.13%
DER(5)2.58%
Volume834.60K
Volume Incr-26.39%
Vol(5)510.86K
Vol(50)856.94K