Technical Analysis for CSIQ - Canadian Solar Inc.
|Grade||Last Price||% Change||Price Change|
CSIQ closed down 1.09 percent on Tuesday, April 24, 2018, on 1.13 times normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.
|Weak or Absent||Down||Down||Down|
|See historical CSIQ trend table...|
|Date||Alert Name||Type||% Chg|
|Apr 24||Bollinger Band Squeeze||Range Contraction||0.00%|
|Apr 24||Stochastic Reached Oversold||Weakness||0.00%|
|Apr 24||BB Squeeze + Lower Band Touch||Range Contraction||0.00%|
|Apr 24||BB Squeeze Started||Range Contraction||0.00%|
|Apr 24||Below Lower BB||Weakness||0.00%|
|Apr 24||Down 3 Days in a Row||Weakness||0.00%|
|Apr 24||Down 4 Days in a Row||Weakness||0.00%|
|Apr 24||Lower Bollinger Band Touch||Weakness||0.00%|
|Apr 24||Oversold Stochastic||Weakness||0.00%|
|Apr 23||Down 3 Days in a Row||Weakness||-1.09%|
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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.
|Indicator||Bull Case||Neutral / Hold||Bear Case|
|Oversold / Overbought|
|Summary:||Counts: 0 bullish, 3 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.|
See more CSIQ news...
|52 Week High||19.09|
|52 Week Low||12.07|
|200-Day Moving Average||16.5326|
|50-Day Moving Average||16.0787|
|20-Day Moving Average||16.0505|
|10-Day Moving Average||15.976|
|Average True Range||0.4682|
|Chandelier Exit (Long, 3 ATRs )||16.1954|
|Chandelier Exit (Short, 3 ATRs )||16.5546|
|Upper Bollinger Band||16.5547|
|Lower Bollinger Band||15.5463|
|Percent B (%b)||-0.18|
|MACD Signal Line||-0.0487|
|Market Cap||890.06 Million|
|Num Shares||57.9 Million|
|Price-to-Earnings (P/E) Ratio||36.57|
|Pivot Point Level||Traditional / Classic||Fibonacci||Demark||Woodie||Camarilla|
|Resistance 4 (R4)||16.13|
|Resistance 3 (R3)||16.14||15.90||16.00|
|Resistance 2 (R2)||15.90||15.71||15.89||15.95|
|Resistance 1 (R1)||15.63||15.58||15.51||15.62||15.91|
|Support 1 (S1)||15.12||15.20||15.00||15.11||14.81|
|Support 2 (S2)||14.88||15.07||14.87||14.77|
|Support 3 (S3)||14.61||14.88||14.72|
|Support 4 (S4)||14.60|