What Technical Analysis say About Canadian Solar Inc. (NASDAQ:CSIQ)?


Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of Canadian Solar Inc. (NASDAQ:CSIQ) for the period of 9-Day stands at 37.93% while the stochastic %D for the same period stands at 35.78%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of Canadian Solar Inc. (NASDAQ:CSIQ) signals “Sell” while other important signals like the 20-Day Moving Average Vs. Price signals “Sell”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Hold” for Canadian Solar Inc. (NASDAQ:CSIQ) while 20-100 Day MACD Oscillator indicates “Buy”.

Bollinger band is a volatility indicator of a certain security, currently Canadian Solar Inc. (NASDAQ:CSIQ)’s 20-Day Bollinger Band indicates “Hold”.

About Company

Canadian Solar Inc is a solar module producer. The Company offers ingots, wafers, solar cells, solar modules and other solar applications for on-grid and off-grid use to customers worldwide. The Company also designs and produces specialty solar modules and products such as solar-powered bus stop lighting; and specialty products, such as portable solar home systems and solar-powered car battery chargers. Canadian Solar has operations in North America, Europe and Asia. The company sells its products under the Canadian Solar brand name. Canadian Solar Inc is based in Kitchener, Canada.

Previous Day Activity Analysis

On the last trading day, Canadian Solar Inc. (NASDAQ:CSIQ) opened the session at $16.07 and after going down -0.06% closed at $15.98. The stock lost -0.09 points in the last trade.

Canadian Solar Inc. (NASDAQ:CSIQ)’s stock fluctuated in the range of $15.60 and $16.10 during the previous active session. Canadian Solar Inc. (NASDAQ:CSIQ) traded with the volume of 791172 with average volume of 1.22 Million. The stock has LOW volatility on the last trading session.

Currently the Beta for the company remains at 3.14 while ATR (Average True Range) and RSI (Relative Strength Index) are at 0.57 and 43.41 respectively.

Currently the Insider Ownership of the shares of Canadian Solar Inc. (NASDAQ:CSIQ) is at 31% and the shares outstanding are 57.12 Million.

Important Ratio Analysis

Some important ratios to consider here for Canadian Solar Inc. (NASDAQ:CSIQ) are discussed below:

Dividend yield of Canadian Solar Inc. (NASDAQ:CSIQ) stands at 0% whereas Price to Earnings P/E ratio stands at 37.78 while Forward P/E shows the value of 9.02.

The PEG ratio (Price to Earning to Growth) emits the value of 1.13. The Price to Sale P/S and Price to Book P/B shows the value of 0.34 and 1.04 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 1.76 and 0 correspondingly.

The Quick Ratio of Canadian Solar Inc. (NASDAQ:CSIQ) stands at 0.9 while the Current Ratio depicts the value of 0.9.

Return on Assets ROA of Canadian Solar Inc. (NASDAQ:CSIQ) is at 1.2% whereas, Return on Equity ROE and Return of Investment ROI of Canadian Solar Inc. (NASDAQ:CSIQ) stand at 7.2% and 2% respectively.

Stock Performance Analysis

The stock performance of Canadian Solar Inc. (NASDAQ:CSIQ) on the basis of 5 day trade show the jump of 0.25% whereas, the monthly performance of the stock shows decrease of -4.88%.

The quarterly performance of the stock remained in red zone with the value of -8.27% while six month performance of the shares of Canadian Solar Inc. (NASDAQ:CSIQ) remained bullish with the count of 18.72%.

The yearly and YTD performance of Canadian Solar Inc. (NASDAQ:CSIQ) remained up at 8.71% and 31.2% respectively.