Technical Analysis for CSIQ - Canadian Solar Inc.

Grade Last Price % Change Price Change
grade C 18.15 4.07% 0.71
CSIQ closed down 0.4 percent on Monday, May 20, 2019, on 63 percent of normal volume. It was able to bounce off of its 200 day moving average, an important long-term support line. 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.

Earnings due: May 30

*** please verify all earnings dates ***

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

Date Alert Name Type % Chg
200 DMA Support Bullish 4.07%
Doji - Bullish? Reversal 4.07%
Lower Bollinger Band Touch Weakness 4.07%
Oversold Stochastic Weakness 4.07%
Oversold Stochastic Weakness 3.66%
Slingshot Bearish Bearish Swing Setup -1.52%
Stochastic Buy Signal Bullish -1.52%
Lower Bollinger Band Walk Weakness -1.52%
Earnings Movers Other -1.52%
Up 3 Days in a Row Strength -1.52%

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: 1 bullish, 1 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 25.89
52 Week Low 11.37
Average Volume 926,190
200-Day Moving Average 17.3014
50-Day Moving Average 19.8524
20-Day Moving Average 19.4145
10-Day Moving Average 18.5
Average True Range 0.7719
ADX 23.01
+DI 15.5823
-DI 34.054
Chandelier Exit (Long, 3 ATRs ) 19.1443
Chandelier Exit (Short, 3 ATRs ) 19.2157
Upper Bollinger Band 21.7003
Lower Bollinger Band 17.1287
Percent B (%b) 0.07
BandWidth 23.547349
MACD Line -0.5909
MACD Signal Line -0.3595
MACD Histogram -0.2313
Fundamentals Value
Market Cap 1.01 Billion
Num Shares 57.9 Million
EPS 0.42
Price-to-Earnings (P/E) Ratio 41.52
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) 18.52
Resistance 3 (R3) 18.46 18.04 18.34
Resistance 2 (R2) 18.04 17.76 18.07 18.28
Resistance 1 (R1) 17.74 17.60 17.89 17.80 18.22
Pivot Point 17.32 17.32 17.40 17.35 17.32
Support 1 (S1) 17.02 17.04 17.17 17.08 16.66
Support 2 (S2) 16.60 16.88 16.63 16.60
Support 3 (S3) 16.30 16.60 16.54
Support 4 (S4) 16.36