Technical Analysis for CSIQ - Canadian Solar Inc.

Grade Last Price % Change Price Change
grade A 17.965 -0.86% -0.16
CSIQ closed up 2.37 percent on Tuesday, January 15, 2019, on 85 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The bulls were able to push the stock to a new 52-week high. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Up Up Up
See historical CSIQ trend table...

Date Alert Name Type % Chg
Jan 15 New 52 Week Closing High Bullish -0.86%
Jan 15 Pocket Pivot Bullish Swing Setup -0.86%
Jan 15 NR7 Range Contraction -0.86%
Jan 15 New 52 Week High Strength -0.86%
Jan 15 Wide Bands Range Expansion -0.86%
Jan 15 Overbought Stochastic Strength -0.86%
Jan 15 Up 3 Days in a Row Strength -0.86%
Jan 15 Up 4 Days in a Row Strength -0.86%
Jan 15 Up 5 Days in a Row Strength -0.86%
Jan 14 Shooting Star Candlestick Bearish 1.50%

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.
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: 3 bullish, 0 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 18.16
52 Week Low 11.37
Average Volume 866,501
200-Day Moving Average 14.733
50-Day Moving Average 15.831
20-Day Moving Average 15.902
10-Day Moving Average 16.819
Average True Range 0.774
ADX 21.63
+DI 27.1982
-DI 16.543
Chandelier Exit (Long, 3 ATRs ) 15.838
Chandelier Exit (Short, 3 ATRs ) 15.782
Upper Bollinger Band 18.6266
Lower Bollinger Band 13.1774
Percent B (%b) 0.91
BandWidth 34.267388
MACD Line 0.5559
MACD Signal Line 0.2416
MACD Histogram 0.3143
Fundamentals Value
Market Cap 1.05 Billion
Num Shares 57.9 Million
EPS 0.42
Price-to-Earnings (P/E) Ratio 43.14
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) 18.75
Resistance 3 (R3) 18.69 18.43 18.65
Resistance 2 (R2) 18.43 18.27 18.46 18.61
Resistance 1 (R1) 18.27 18.17 18.35 18.33 18.57
Pivot Point 18.01 18.01 18.05 18.04 18.01
Support 1 (S1) 17.85 17.85 17.93 17.91 17.67
Support 2 (S2) 17.59 17.75 17.62 17.63
Support 3 (S3) 17.43 17.59 17.60
Support 4 (S4) 17.49