Technical Analysis for CSIQ - Canadian Solar Inc.

Grade Last Price % Change Price Change
grade C 18.75 -2.75% -0.53
CSIQ closed down 2.75 percent on Friday, March 22, 2019, on 3.78 times normal volume. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Up Down Down
See historical CSIQ trend table...

Date Alert Name Type % Chg
Mar 22 MACD Bearish Centerline Cross Bearish 0.00%
Mar 22 Volume Surge Other 0.00%
Mar 22 Calm After Storm Range Contraction 0.00%
Mar 22 Stochastic Reached Oversold Weakness 0.00%
Mar 22 Earnings Movers Other 0.00%
Mar 22 Below Lower BB Weakness 0.00%
Mar 22 Oversold Stochastic Weakness 0.00%
Mar 21 Fell Below 50 DMA Bearish -2.75%
Mar 21 New Downtrend Bearish -2.75%
Mar 21 180 Bearish Setup Bearish Swing Setup -2.75%

Older signals for CSIQ ...

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Profile
Canadian Solar Inc., together with its subsidiaries, engages in the design, development, manufacture, and sale of solar power products worldwide. The company offers solar wafers, cells, and solar module products that convert sunlight into electricity for various uses. Its products include a range of standard solar modules for use in a range of residential, commercial, and industrial solar power generation systems. The company also designs and produces specialty solar modules and products consisting of customized solar modules that its customers incorporate into their products, such as building integrated photovoltaic modules, or BIPV modules; and specialty products, such as portable solar home systems and solar-powered car battery chargers. In addition, it sells solar system kits, a package consisting of solar modules produced by it; and third party supplied components, such as inverters, racking system, and other accessories. Further, the company implements solar power development projects; and performs the engineering design, procurement, and construction work for the solar project. Canadian Solar Inc. sells its products under the CanadianSolar brand name. The company offers its standard solar modules through a direct sales force and sales agents primarily to distributors, system integrators, and original equipment manufacturer customers, as well as to solar project developers; and specialty solar modules and products to the automotive, telecommunications, and light-emitting diode lighting sectors. Canadian Solar Inc. was founded in 2001 and is headquartered in West Guelph, Canada.
Energy Telecommunications Electricity Renewable Energy Photovoltaics System Integrators Solar Energy In California Solar Panel Project Developers Topray Solar
Is CSIQ a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 1 bullish, 2 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 25.89
52 Week Low 11.37
Average Volume 989,154
200-Day Moving Average 15.998
50-Day Moving Average 21.2924
20-Day Moving Average 23.2965
10-Day Moving Average 22.608
Average True Range 1.1438
ADX 28.7
+DI 14.7739
-DI 39.8962
Chandelier Exit (Long, 3 ATRs ) 22.4586
Chandelier Exit (Short, 3 ATRs ) 21.9215
Upper Bollinger Band 26.3114
Lower Bollinger Band 20.2816
Percent B (%b) -0.25
BandWidth 25.882858
MACD Line -0.0979
MACD Signal Line 0.5631
MACD Histogram -0.661
Fundamentals Value
Market Cap 1.09 Billion
Num Shares 57.9 Million
EPS 0.42
Price-to-Earnings (P/E) Ratio 44.64
Price-to-Sales 0.35
Price-to-Book 1.01
PEG Ratio 0.30
Dividend 0.00
Dividend Yield 0.00%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 19.87
Resistance 3 (R3) 19.91 19.58 19.69
Resistance 2 (R2) 19.58 19.29 19.56 19.62
Resistance 1 (R1) 19.16 19.11 19.00 19.12 19.56
Pivot Point 18.83 18.83 18.74 18.81 18.83
Support 1 (S1) 18.41 18.54 18.25 18.38 17.94
Support 2 (S2) 18.08 18.36 18.06 17.88
Support 3 (S3) 17.66 18.08 17.81
Support 4 (S4) 17.63