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Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Canadian Solar Inc. - Common Shares (NASDAQ:CSIQ)
Sidelines Mode (-55) - CSIQ is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid CSIQ?
MarketClub looks at technical strength and momentum to determine if the timing is right for CSIQ.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CSIQ
The long-term trend has been DOWN since Aug 2nd, 2023 at 34.76
The intermediate-term trend has been UP since May 6th, 2024 at 17.37
The short-term trend has been DOWN since May 9th, 2024 at 16.81
Smart Scan Analysis for CSIQ
Based on our trend formula, CSIQ is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 17.14 | 18.10 | 16.24 | 16.66 | -0.94 |
| Prev. Close | Volume | Bid | Ask | Time |
| 17.60 | 805975 | 2024-05-09 10:10:40 |
| Year High | 17.97 | Year High Date | 2018-05-21 |
| Year Low | 11.37 | Year Low Date | 2018-06-15 |
| 52wk High | 45.29 | 52wk High Date | 2023-05-30 |
| 52wk Low | 14.11 | 52wk Low Date | 2024-04-18 |
| Year End Close | 3.4 | Average Volume | 1,931,344 |
| Shares Outstanding | 59,820 | Short Interest | 2,039,539 |
| % Institutional | 25.7 | Market Cap | 1,256M |
| Assets | 114,002,300M | Liabilities | 890,622,800M |
| P/E Ratio | 3.513 | Beta | 2.74 |
| Volatility | 57.01 |