DAQO NEW ENERGY CORP-ADR (DQ) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:DQ - US23703Q2030 - ADR
We assign a technical rating of 3 out of 10 to DQ. Although DQ is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When comparing the yearly performance of all stocks, we notice that DQ is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- DQ is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 58% of 113 stocks in the same industry.
- 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 23.96 - 32.20 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. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
24.29
When analyzing the support we can see 2 important areas.
- A support zone ranging from 25.18 to 25.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @24.54 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @33.02 from a trend line 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 | NEUTRAL | NEUTRAL | The short term trend for DQ is neutral. |
| ChartMill Relative Strength | 86.54 | POSITIVE | DQ has a high relative strength, it outperformed 86.54% 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) | DOWN | NEGATIVE | The current price of DQ is below a declining 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) | 45.57 | NEUTRAL | The RSI value for DQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests DQ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.9 | NEUTRAL | The Stochastics value for DQ is a neutral value. |
| Average True Range in percent/ATR (20) | 5.71 | HIGH VOLATILITY | The high ATR as a percentage value for DQ suggests high volalility. |
| Average Directional Index/ADX (14) | 21.98 | NEUTRAL | The ADX value for DQ suggests a possible start of a new trend. |
27.18
+2.01 (+7.99%)
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 3 / 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 45.572. 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 neutral.
What is the support and resistance level for DQ stock?
DAQO NEW ENERGY CORP-ADR (DQ) has a support level at 25.57 and a resistance level at 33.02. Check the full technical report for our detailed analysis of DQ support and resistance levels.