DAQO NEW ENERGY CORP-ADR (DQ) Technical Analysis
NYSE:DQ • US23703Q2030
Current stock price
DQ Technical Rating and Analysis
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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 76% 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. 80% of 115 stocks in the same industry do better.
- In the last month DQ has a been trading in the 20.25 - 26.00 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- DQ is currently trading in the middle 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 slightly.
DQ Weekly and Daily overview Charts
DQ Setup Rating and Analysis
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
DQ Support and Resistance Analysis
20.53
We found 1 important support area.
- A support zone ranging from 20.74 to 20.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @23.47 from a horizontal line in the daily time frame.
- A resistance zone ranging from 23.94 to 24.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
DQ Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for DQ is down. |
| ChartMill Relative Strength | 24.05 | NEGATIVE | DQ has a low relative strength, it was outperformed by 75.95% 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 | MIXED | The current price of DQ is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 35.71 | NEUTRAL | The RSI value for DQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests DQ has a negative trend. |
| Stochastics (14,3) | 21.81 | NEUTRAL | The Stochastics value for DQ is a neutral value. |
| Average True Range in percent/ATR (20) | 6.01 | HIGH VOLATILITY | The high ATR as a percentage value for DQ suggests high volalility. |
| Average Directional Index/ADX (14) | 19.89 | NEGATIVE | The low ADX value for DQ suggests a weak or negative trend. |
DQ Chart- and CandleStick Pattern Analysis
DQ Technicals: Chart, Performance Metrics, Trend & Indicators
21.25
+0.51 (+2.46%)
DAQO NEW ENERGY CORP-ADR / DQ TA 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 35.712. 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 20.74 and a resistance level at 23.47. Check the full technical report for our detailed analysis of DQ support and resistance levels.