CANADIAN SOLAR INC (CSIQ) Stock Technical Analysis
NASDAQ:CSIQ - Nasdaq - CA1366351098 - Common Stock - Currency: USD
Taking everything into account, CSIQ scores 0 out of 10 in our technical rating. CSIQ'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 negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, CSIQ is a bad performer in the overall market: 88% of all stocks are doing better.
CSIQ is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 72% of 109 stocks in the same industry do better.
CSIQ is currently trading near the lower end of its 52 week range, which is not a good sign. CSIQ is lagging the S&P500 Index which is trading in the middle of its 52 week range.
In the last month CSIQ has a been trading in the 6.57 - 10.57 range, which is quite wide. It is currently trading near the lows of this range.
CSIQ has an average volume of 1964330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CSIQ has a poor technical rating and the quality of the setup is also only medium 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
7.39
10.35
3 important resistance areas can be observed.
- Resistance @8.84 from a trend line in the daily time frame.
- A resistance zone ranging from 9.29 to 9.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.25 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.08
Mansfield-3.95
10 Day High8.3
10 Day Low6.57
20 Day High10.57
20 Day Low6.57
52 Week High21.05
52 Week Low6.57
Performance
1 Week3.47%
2 Weeks-11.72%
1 Month-26.5%
3 Month-32.49%
6 Month-40.56%
12 Month-48.23%
2 Year-80.06%
3 Year-72.89%
5 Year-58.18%
10 Year-78.93%
15 Year-56.78%
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)
Technical Indicators
MACD(12,26,9)-0.05
RSI(14)40.46
LBB6.45
UBB9.14
7.46
+0.28 (+3.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg3.9%
1 Week3.47%
2 Weeks-11.72%
1 Month-26.5%
3 Month-32.49%
6 Month-40.56%
12 Month-48.23%
2 Year-80.06%
3 Year-72.89%
5 Year-58.18%
10 Year-78.93%
15 Year-56.78%
Volatility
ATR(14)0.84
ATR(20)%10.4%
ATR Inc-49.95%
Range Today0.4
ADR(20)0.74
ADR(20)%9.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.08
Mansfield-3.95
10 Day High8.3
10 Day Low6.57
20 Day High10.57
20 Day Low6.57
52 Week High21.05
52 Week Low6.57
CS1 EndN/A
CR1 Start8.84
Volume & EV
DER(3)-0.7%
DER(5)-0.86%
Volume1.24M
Volume Incr-16.84%
Vol(5)1.94M
Vol(50)1.96M