Canadian Solar Inc. Common Shares (on) | CSIQ

Daily Technical Analysis of Canadian Solar Inc. Common Shares (on)

Canadian Solar Common Shares (on) had a nice pop today and is currently up 3.78% we'll see if the cash keeps flowing in. CSIQ is near a weak support line. We'll see if it bounces off or heads lower. It's definitely important to take into account the directional momentum, so let's be honest Canadian Solar Common Shares (on) has looked terrible. Buyers haven't seemed that interested, sellers keep dumping, there's been a lot of better places to put your money. It doesn't make me feel that optimistic about getting a solid bounce off of a line like this. If you do get one, I'd move your stop losses up with it. Owners of the Semiconductors company have lost -52.59 percent over the last year. If the price moves back up it'll probably hit pockets of sellers who want to break even and exit the position.

If we get a reversal off of support and Canadian Solar Common Shares (on) starts moving up, it can probably get to $11.82 at which point it'll need to break through that resistance level in order to keep moving higher. There aren't very obvious support levels beneath this point. So put those stop losses on, this thing has room to fall if buyers don't come in at this level.

Analyst Ratings for Canadian Solar Common Shares (on) By Price Target And Rating

The analysts are pretty neutral on Canadian Solar Common Shares (ON) right now, so not much useful information here. The current Analysts Sentiment Score is -0.50. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Daiwa Capital Markets initiated a rating of Neutral on 2024-03-11 and provided a price target of $21.00. On 2024-01-24 The Goldman Sachs Group increased their price target by 12% to $28.00. On 2023-11-17 UBS Group lowered their price target by -23.4% to $36.00. JPMorgan Chase & Co. released a downgrade on 2023-11-15 from Neutral to Underweight and dropped their 1 year price target to $22.00 which is down from $32.00. Roth Capital decided to move down their price target on 2023-11-15 to $35.00 which is a -30% decrease. Oppenheimer announced a lowering of their price target to $51.00 from $68.00 on 2023-11-15. On 2023-10-18 Citigroup lowered their price target by -13.33% to $26.00. Roth Mkm dropped their price target by -28.57% to $50.00 on 2023-08-23.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Canadian Solar Common Shares (ON)

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Canadian Solar Common Shares (ON)

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.