NASDAQ:CSIQ Market Analysis and Long-Term Trading Strategy

investing analysis of Canadian Solar Inc ( CSIQ)

Canadian Solar Inc ( CSIQ ) has been experience fluctuation in its stock monetary_value recently, with analyst supply change prognosis for the company's future performance. On September 27, CSIQ proverb a rush of 8.05% in mid-day trading, reach an intraday high of 6.16 before settling at 6.10. This motion topographic_point the stock 40.04% below its 52-week high of 6.85 and 41.10% above its 52-week low of 1.41. The trading volume for the day was 1,098,760 share, represent 71.1% of the average daily volume of 1,545,634.

analyst Forecasts and Recommendations

Wall Street analyst have supply their penetration into the future performance of Canadian Solar Inc ( CSIQ ). harmonize to the one-year monetary_value target offer by 8 analyst, the average target monetary_value for CSIQ is 0.33, with a high estimate of 0.38 and a low estimate of 2.28. This average target imply an top of 26.29% from the current monetary_value of 6.10. Additionally, establish on the consensus recommendation from 11 brokerage firm, the average brokerage recommendation for CSIQ is currently 2.6, bespeak a"clasp"status on the stock.

market analysis and hanker-term trading Plans

The technical summary data for CSIQ supply penetration into potential trading scheme for investor. For longer-term trading plan, investor are rede to bargain CSIQ near 13.89 with a target of 16.8 and a stop loss at 13.85. On the other hand, short-change CSIQ slightly under 16.8 with a target of 13.89 and a stop loss at 16.85 is also propose. These plan are establish on the technical analysis of the stock's resistance and support levels.

short-term trading scheme and day trading Plans

For short-term and day trading scheme, investor are recommend to bargain CSIQ slightly over 16.8 if it interruption higher, with a target of n / angstrom and a stop loss at 16.75. Conversely, short-change CSIQ near 16.8 with a target of 15.71 and a stop loss at 16.85 is also see a feasible scheme. These plan are establish on the stock's resistance degree and supply opportunity for trader to capitalize on short-term monetary_value motion in CSIQ.

In decision, Canadian Solar Inc ( CSIQ ) present assorted trading opportunity for investor, with analyst supply a scope of prognosis and recommendation for the stock. By combining market analysis and stock analysis, investor can brand inform decision see their investing scheme in CSIQ.