Technical Analysis for CSIQ - Canadian Solar Inc.

Grade Last Price % Change Price Change
grade D 18.805 0.51% 0.10
CSIQ closed up 2.63 percent on Friday, October 11, 2019, on 69 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. 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 Down Down Up
See historical CSIQ trend table...

Date Alert Name Type % Chg
Narrow Range Bar Range Contraction 0.51%
NR7 Range Contraction 0.51%
Wide Bands Range Expansion 0.51%
Oversold Stochastic Weakness 0.51%
Wide Bands Range Expansion 3.15%
Oversold Stochastic Weakness 3.15%
Wide Bands Range Expansion 4.36%
Down 3 Days in a Row Weakness 4.36%
Oversold Stochastic Weakness 4.36%
Narrow Range Bar Range Contraction 4.30%

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: 0 bullish, 4 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 25.89
52 Week Low 12.69
Average Volume 747,939
200-Day Moving Average 20.5108
50-Day Moving Average 21.3971
20-Day Moving Average 19.8613
10-Day Moving Average 18.32
Average True Range 0.8158
ADX 30.19
+DI 17.7059
-DI 30.4234
Chandelier Exit (Long, 3 ATRs ) 20.4726
Chandelier Exit (Short, 3 ATRs ) 19.9474
Upper Bollinger Band 23.2569
Lower Bollinger Band 16.4657
Percent B (%b) 0.33
BandWidth 34.193129
MACD Line -1.0144
MACD Signal Line -0.9358
MACD Histogram -0.0786
Fundamentals Value
Market Cap 1.08 Billion
Num Shares 57.9 Million
EPS 0.42
Price-to-Earnings (P/E) Ratio 44.55
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) 19.31
Resistance 3 (R3) 19.31 19.10 19.21
Resistance 2 (R2) 19.10 18.95 19.11 19.18
Resistance 1 (R1) 18.91 18.86 19.01 18.91 19.14
Pivot Point 18.70 18.70 18.75 18.71 18.70
Support 1 (S1) 18.51 18.55 18.61 18.51 18.28
Support 2 (S2) 18.30 18.46 18.31 18.24
Support 3 (S3) 18.11 18.30 18.21
Support 4 (S4) 18.11