Technical Analysis for CSIQ - Canadian Solar Inc.

Grade Last Price % Change Price Change
F 15.76 -1.87% -0.30
CSIQ closed down 1.87 percent on Friday, May 17, 2024, on 2.02 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down

Date Alert Name Type % Chg
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Earnings Movers Other 0.00%
Down 3 Days in a Row Weakness 0.00%
Fell Below 20 DMA Bearish -1.87%
Earnings Movers Other -1.87%
50 DMA Resistance Bearish -5.74%
180 Bearish Setup Bearish Swing Setup -5.74%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup -5.74%
Gapped Up Strength -5.74%

   Recent Intraday Alerts

Alert Time
Possible NR7 2 days ago
Fell Below Previous Day's Low 2 days ago
Down 2 % 2 days ago
Down 1% 2 days ago
20 DMA Support 3 days ago

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Profile

Canadian Solar Inc. Description

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.


Classification

Sector: Technology
Industry: Solar
Keywords: Telecommunications Electricity Renewable Energy Systems Integrator Photovoltaics Solar Panel Solar Modules Solar Power Products

Is CSIQ a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Comments

S

SwingScalp about 1 year ago

I trade this name fairly often.  Showed up on the Expansion Pivot Buy Setups list from yesterday, so might set a buy stop and see if it triggers today.

0 Reply
T

TraderMike about 1 year ago

Nice earnings reaction.  I just noticed that SwingTradeBot had it listed as reporting today.  I really wish there was a good, authoritative source of earnings dates.  I pull mine from a couple of data providers but neither are 100% accurate.  Seems like something the SEC should provide.  🤷

0 Reply
S

SwingScalp about 1 year ago

Yes, very tough to find authoritative source of earnings dates, but I do like the way you handle it in STB, reminding traders to verify all dates.  I did not take the EPB setup on this name yesterday.

0 Reply

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Indicators

Indicator Value
52 Week High 45.29
52 Week Low 14.11
Average Volume 1,907,948
200-Day Moving Average 22.29
50-Day Moving Average 17.37
20-Day Moving Average 16.21
10-Day Moving Average 16.74
Average True Range 1.00
RSI (14) 43.50
ADX 14.07
+DI 24.79
-DI 24.07
Chandelier Exit (Long, 3 ATRs) 15.10
Chandelier Exit (Short, 3 ATRs) 17.11
Upper Bollinger Bands 18.08
Lower Bollinger Band 14.33
Percent B (%b) 0.38
BandWidth 23.14
MACD Line -0.21
MACD Signal Line -0.26
MACD Histogram 0.0543
Fundamentals Value
Market Cap 1.02 Billion
Num Shares 64.7 Million
EPS 4.99
Price-to-Earnings (P/E) Ratio 3.16
Price-to-Sales 0.19
Price-to-Book 0.59
PEG Ratio 0.24
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 16.47
Resistance 3 (R3) 16.53 16.35 16.35
Resistance 2 (R2) 16.35 16.17 16.32 16.31
Resistance 1 (R1) 16.06 16.06 15.97 16.00 16.27
Pivot Point 15.88 15.88 15.84 15.85 15.88
Support 1 (S1) 15.59 15.70 15.50 15.53 15.25
Support 2 (S2) 15.41 15.59 15.38 15.21
Support 3 (S3) 15.12 15.41 15.17
Support 4 (S4) 15.06