Trading Signals: CSIQ Stock Price Prediction and Forecast

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Fri. Dec. 22, 2023

Trading Signals: CSIQ Stock Price Prediction and Forecast (Mon. Dec. 21, 2015 - Fri. Dec. 22, 2023)

(Canadian Solar Inc.)
CSIQ latest price $25.4900 (1.29%) ($25.4900 - $25.4900) on Fri. Dec. 22, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.93% (three month average)
RSI   65
Latest Price   $25.4900(1.29%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   CSIQ advances 1% a day on average for past five trading days.
Weekly Trend   CSIQ advances 6.6% a week on average for past two weeks.
Market Behavior   Value stock rally for large cap. Broad based rally for small cap.
Correlated ETFs   Broad market will support CSIQ advance at 0% a week (0% probability)
REMX(94%)    XBI(94%)    FIVG(92%)    IWN(97%)    GDX(95%)
Factors Impacting CSIQ price   CSIQ will decline at least -1.465% in a week (0% probabilities).
VIXM(-37%)    UUP(-30%)    TBT(-20%)    VXX(-11%)    URA(11%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.465% (StdDev 2.93%)
Hourly BBV 0 ()
Intraday Trend 0%

5 Day Moving Average   $24.96(2.12%)
10 Day Moving Average   $24.01(6.16%)
20 Day Moving Average   $22.82(11.7%)
To recent high   -1.3%
To recent low   33.3%
Market Cap   $18.083b

Canadian Solar Inc. is a publicly traded company that manufactures solar PV modules and runs large scale solar projects. Founded in 2001 in Canada by Shawn Qu, Canadian Solar has subsidiaries in over 24 countries on 6 continents. They manufacture solar PV modules, are involved in supporting the installation of solar energy, and are involved in a number utility-scale power projects. With the company's acquisition of Recurrent Energy, Canadian Solar's total project pipeline reached 20.4 GW, including an increase in the late-stage project pipeline to 2.4 GW.

$. CSIQ price fluctuates within 7.1% (three month std-dev: 2.93%) daily (68% of days).

Sample size 50 Average positive next day return: 2.22%(52%) Average negative next day return: -2.5%(48%) Sample size 50 Average positive next three day return: 5.41%(44%) Average negative next three day return: -4.32%(56%) Sample size 50 Average positive next weekly return: 6.46%(52%) Average negative next weekly return: -6.12%(48%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

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i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Dec_22_2023	24.49	22.82	24.01	24.96	25.06	25.33	25.49(1.29%)	UT	OpenLong	75	0.3	51	90	20	143	0.24	44%	-0.37	70.7	2.93%	0	1.6	65	1.4
2	Dec_21_2023	24.58	22.58	23.66	24.72	24.83	24.7	25.17(3.86%)	UT	OpenLong	75	0.3	39	-20	8	131	0.85	44%	-0.41	72.5	2.93%	0.1	1.7	68	0.6
3	Dec_20_2023	24.68	22.37	23.35	24.45	24.61	24.8	24.23(-4.49%)	UD	OpenLong	75	-0.2	37	70	6	131	0.69	42%	-0.48	73.9	2.89%	-1.4	1.3	69	0.3
4	Dec_19_2023	24.8	22.18	23.11	24.17	24.5	24.96	25.37(3.38%)	UT	HoldLong	65	0.9	66	170	40	143	1.02	44%	-0.44	66.9	2.85%	1.4	2.3	76	0.7
5	Dec_18_2023	24.91	21.94	22.75	23.37	23.87	24.43	24.54(0.95%)	UT	HoldLong	65	1	49	230	29	110	1.28	41%	-0.48	58.3	2.82%	1.4	2.2	76	0.8

6	Dec_15_2023	25.03	21.73	22.53	22.92	23.08	24.05	24.31(2.16%)	UT	HoldLong	65	1.3	52	320	33	110	1.18	41%	-0.48	51.2	2.83%	0.7	2.4	77	0.8
7	Dec_14_2023	25.15	21.53	22.27	22.46	22.58	23.32	23.8(4.18%)	UT	OpenLong	75	1.5	53	250	38	99	1.9	41%	-0.51	43	2.82%	1	2.5	69	1.6
8	Dec_13_2023	25.28	21.36	21.99	22.11	22.12	22.1	22.84(6.93%)	UT	OpenLong	75	0.9	29	-0	14	72	0.85	39%	-0.59	36.4	2.8%	2	1.9	63	1.4
9	Dec_12_2023	25.43	21.28	21.8	21.9	21.93	21.84	21.36(-4.26%)	UD	OpenLong	65	-0.8	7	-20	-11	59	0.88	36%	-0.63	31.2	2.65%	-0.9	0.1	59	1.6
10	Dec_11_2023	25.59	21.26	21.74	22.01	22.03	22.15	22.31(1.5%)	UT	OpenLong	75	0.4	19	40	2	70	0.69	39%	-0.62	32	2.66%	0.9	1.5	64	1.4

11	Dec_8_2023	25.75	21.2	21.55	22.07	21.93	22.02	21.98(-0.34%)	UD	OpenLong	75	-0.1	20	10	1	75	1.03	39%	-0.62	32.9	2.65%	-0.6	1.2	65	1.2
12	Dec_7_2023	25.91	21.15	21.43	22.05	22.09	21.91	22.06(1.26%)	UT	OpenLong	75	0	27	-50	9	81	0.74	36%	-0.58	33.8	2.66%	-0.8	1.5	65	1
13	Dec_6_2023	26.06	21.08	21.32	21.84	22.04	21.84	21.78(-0.62%)	UD	OpenLong	75	-0.1	18	-40	-0	71	0.95	35%	-0.61	37.1	2.72%	-1.4	1.2	64	1.2
14	Dec_5_2023	26.22	21.07	21.21	21.67	21.86	22.27	21.92(-3.16%)	UD	OpenLong	75	0.4	23	160	12	57	1	35%	-0.64	42.9	2.74%	-0.6	1.5	52	1.3
15	Dec_4_2023	26.39	21.05	21.09	21.42	21.61	22.25	22.63(3.52%)	UT	OpenLong	75	2.2	41	230	37	52	1.48	36%	-0.53	49.6	2.72%	1.3	2.8	62	1.4

16	Dec_1_2023	26.53	20.98	20.86	20.95	21.11	21.44	21.86(4%)	UT	OpenLong	75	2	19	130	21	12	1.03	33%	-0.6	58.9	2.7%	1.2	2	56	1.3
17	Nov_30_2023	26.69	20.94	20.72	20.95	20.72	20.98	21.02(0.43%)	N/A	N/A	0	0.7	0	80	4	-12	1.32	30%	-0.67	62.3	2.63%	0.3	0.2	49	1.4
18	Nov_29_2023	26.87	20.87	20.66	20.74	20.67	20.79	20.93(1.41%)	N/A	N/A	0	0.4	3	30	9	-14	1.24	34%	-0.63	40.2	2.66%	1.1	0.1	51	1.3
19	Nov_28_2023	27.04	20.82	20.71	20.67	20.69	20.46	20.64(1.78%)	DP	OpenShort	-75	-0.1	-8	-70	-3	-24	0.86	34%	-0.66	26	2.73%	-0	-0.3	39	1.5
20	Nov_27_2023	27.22	20.77	20.74	20.71	20.68	20.56	20.28(-2.69%)	DT	OpenShort	-75	-0.7	-15	-40	-9	-31	1.01	34%	-0.58	14.6	2.72%	-1.5	-0.8	37	1.3

21	Nov_24_2023	27.38	20.72	20.83	20.74	20.82	20.92	20.84(-0.76%)	DP	OpenShort	-65	0.1	-4	50	5	-29	0.37	33%	-0.98	4.8	2.71%	0	0.2	40	1.4
22	Nov_22_2023	27.65	20.69	20.84	20.68	20.72	20.81	21(1.89%)	DP	OpenShort	-65	0.4	-3	40	7	-33	0.6	28%	-0.25	-7.2	2.72%	0.8	0.4	50	1.2
23	Nov_21_2023	27.72	20.66	20.83	20.58	20.6	20.72	20.61(-1.01%)	DT	OpenShort	-75	0	-10	40	-4	-28	0.5	28%	-0.61	-22.1	3.1%	0.1	-0.1	63	1.3
24	Nov_20_2023	27.89	20.66	20.93	20.77	20.57	20.64	20.82(1.81%)	DP	OpenShort	-75	0.1	-1	-10	-0	-2	0.74	28%	-0.64	-26.4	3.1%	1.4	0.2	59	1.4
25	Nov_17_2023	28.07	20.68	21	20.8	20.76	20.49	20.45(-0.34%)	N/A	N/A	0	-0.5	0	-100	-5	16	0.74	28%		-36.8	3.09%	-0	-0.3	62	1.5
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD