Technical Analysis for CSIQ - Canadian Solar Inc.

Grade Last Price % Change Price Change
grade A 15.02 0.00% 0.00
CSIQ closed unchanged on Friday, October 19, 2018, on 83 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 price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. 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.

Earnings due: Nov 8

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
Oct 19 Shooting Star Candlestick Bearish 0.00%
Oct 19 Stochastic Sell Signal Bearish 0.00%
Oct 19 Lizard Bearish Bearish Day Trade Setup 0.00%
Oct 19 NR7 Range Contraction 0.00%
Oct 19 Overbought Stochastic Strength 0.00%
Oct 19 Upper Bollinger Band Touch Strength 0.00%
Oct 18 200 DMA Support Bullish 0.00%
Oct 18 Inside Day Range Contraction 0.00%
Oct 18 Overbought Stochastic Strength 0.00%
Oct 18 Upper Bollinger Band Touch Strength 0.00%

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 19.09
52 Week Low 11.37
Average Volume 620,585
200-Day Moving Average 14.8882
50-Day Moving Average 14.3076
20-Day Moving Average 14.5535
10-Day Moving Average 14.59
Average True Range 0.511
ADX 20.8
+DI 24.457
-DI 13.5165
Chandelier Exit (Long, 3 ATRs ) 13.987
Chandelier Exit (Short, 3 ATRs ) 15.093
Upper Bollinger Band 15.1957
Lower Bollinger Band 13.9113
Percent B (%b) 0.86
BandWidth 8.825368
MACD Line 0.1374
MACD Signal Line 0.0776
MACD Histogram 0.0598
Fundamentals Value
Market Cap 870.36 Million
Num Shares 57.9 Million
EPS 0.42
Price-to-Earnings (P/E) Ratio 35.76
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) 15.64
Resistance 3 (R3) 15.70 15.57 15.53
Resistance 2 (R2) 15.57 15.41 15.53 15.50
Resistance 1 (R1) 15.29 15.31 15.23 15.23 15.46
Pivot Point 15.16 15.16 15.12 15.12 15.16
Support 1 (S1) 14.88 15.00 14.82 14.82 14.58
Support 2 (S2) 14.75 14.90 14.71 14.54
Support 3 (S3) 14.47 14.75 14.51
Support 4 (S4) 14.41