Trading Signals: CSIQ Stock Price Prediction and Forecast

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Tue. Jun. 29, 2021

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

(Canadian Solar Inc.)
CSIQ latest price $47.0400 (3.5%) ($47.0400 - $47.0400) on Tue. Jun. 29, 2021.

Trend Analysis and Forecast

Average Daily Percentage Swing   3.42% (three month average)
RSI   74
Latest Price   $47.0400(3.5%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   CSIQ advances 4.5% a day on average for past five trading days.
Weekly Trend   CSIQ advances 3.8% a week on average for past two weeks.
Market Behavior   Rotation from value to growth for large cap. Value stock sell-off for small cap.
Correlated ETFs   Broad market will support CSIQ advance at 0% a week (0% probability)
ICLN(61%)    TAN(58%)    ACES(53%)    IWO(47%)    LIT(47%)
Factors Impacting CSIQ price   CSIQ will decline at least -1.71% in a week (0% probabilities).
VIXM(-23%)    UUP(-10%)    VXX(-5%)    TBT(-4%)    SHY(-2%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.71% (StdDev 3.42%)
Hourly BBV 1.1 ()
Intraday Trend 0%

5 Day Moving Average   $42.05(11.87%)
10 Day Moving Average   $40.48(16.21%)
20 Day Moving Average   $39.78(18.25%)
To recent high   -5.4%
To recent low   32.8%
Market Cap   $33.371b

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 5.71% (three month std-dev: 3.42%) daily (68% of days).

Sample size 11 Average positive next day return: 3.18%(45%) Average negative next day return: -2.32%(55%) Sample size 11 Average positive next three day return: 5.15%(64%) Average negative next three day return: -6.92%(36%) Sample size 11 Average positive next weekly return: 6.32%(55%) Average negative next weekly return: -10.07%(45%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20210729

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	Jun_29_2021	43.54	39.78	40.48	42.05	42.88	46.25	47.04(3.5%)	UT	OpenLong	75	2.2	97	610	94	104	3.91	67%	-0.27	30.6	3.42%	1.1	3.2	74	1.4
2	Jun_28_2021	43.66	39.4	39.54	40.25	40.81	42.88	45.45(12.79%)	UT	OpenLong	75	3.2	79	400	87	54	3.86	65%	-0.3	16.6	3.41%	1.6	3.8	69	1.7
3	Jun_25_2021	43.79	39.06	38.93	38.82	38.95	39.51	40.3(4.07%)	UT	OpenLong	75	1.8	16	110	21	1	2.07	60%	-0.41	-13.5	3.07%	1.3	1.5	62	2
4	Jun_24_2021	43.97	39.02	38.89	38.64	38.46	38.73	38.72(-0.05%)	DP	OpenShort	-65	0.1	-1	40	1	-7	2.03	53%	-0.48	-18.8	3.03%	0.6	-0.4	50	1.7
5	Jun_23_2021	44.18	39.12	39	38.79	38.62	38.39	38.74(1.87%)	UT	OpenLong	75	-0.1	5	-50	4	6	0.91	53%	-0.45	8.1	3.08%	1	-0.4	53	1.7

6	Jun_22_2021	44.38	39.1	38.99	38.63	38.8	38.18	38.03(-0.8%)	DT	OpenShort	-75	-0.7	-11	-100	-11	-9	1.11	57%	-0.4	11.8	3.08%	-0.9	-1.2	44	1.4
7	Jun_21_2021	44.56	39.13	39.12	38.66	38.78	38.85	38.34(-2.63%)	DT	OpenShort	-75	-0.4	-15	20	-15	-14	1.19	57%	-0.38	25.2	3.19%	-1.6	-0.9	43	0.6
8	Jun_18_2021	44.73	39.17	39.09	39.04	38.74	39.43	39.37(-0.28%)	N/A	N/A	0	0.4	5	100	7	-3	0.86	64%	-0.4	50.5	3.27%	0.3	0.2	50	-0.2
9	Jun_17_2021	44.91	39.16	39.03	39.2	38.95	38.7	39.48(4.11%)	N/A	N/A	0	0.3	5	-60	7	-2	1	64%	-0.42	78.3	3.32%	1.6	0.4	50	1
10	Jun_16_2021	45.1	39.05	38.92	39.28	39.13	38.06	37.92(-0.71%)	DT	OpenShort	-75	-1.4	-24	-200	-24	-24	1.29	58%	-0.51	79	3.3%	-1.2	-1.2	37	0.9

11	Jun_15_2021	45.33	38.99	39.1	39.41	39.61	39.21	38.19(-5.06%)	DT	OpenShort	-75	-1.1	-17	-60	-18	-12	1.29	58%	-0.53	67.4	3.35%	-1.8	-0.7	52	1
12	Jun_14_2021	45.57	38.91	39.3	39.6	39.7	40.2	40.23(0.11%)	UT	OpenLong	75	0.5	13	100	13	13	1.01	62%	-0.5	59	3.31%	-0.3	1	58	1.4
13	Jun_11_2021	45.8	38.74	39.21	39.12	39.43	40.02	40.18(0.8%)	UT	OpenLong	75	0.8	18	130	22	6	1.15	65%	-0.52	37.2	3.32%	0.7	1.1	55	1.4
14	Jun_10_2021	46.04	38.51	39.13	38.85	38.84	39.2	39.86(3.26%)	N/A	N/A	0	0.7	8	60	12	-3	1.76	65%	-0.39	17.8	3.46%	1.1	0.9	53	1.2
15	Jun_9_2021	46.22	38.3	39.22	38.54	38.58	38.84	38.6(-1.4%)	UD	OpenLong	75	0	3	50	3	1	1.07	69%	-0.37	0.8	3.44%	0.4	0.2	58	1

16	Jun_8_2021	46.39	38.27	39.2	38.75	38.51	38.49	39.15(3.52%)	UT	HoldLong	50	0.3	1	-20	-2	11	1.45	69%	-0.15	1.8	3.67%	1.1	0.6	63	1.2
17	Jun_7_2021	46.46	38.18	39.13	38.96	38.65	38.33	37.82(-2.6%)	N/A	N/A	0	-0.8	-4	-80	-12	21	1.03	69%	-0.3	-6	3.65%	-1.3	-0.2	60	1.4
18	Jun_4_2021	46.6	38.18	39.27	39.3	39.24	38.54	38.83(1.44%)	UD	OpenLong	65	-0.3	3	-130	-9	40	0.67	66%	-0.38	-4.9	3.64%	-0.8	0.4	61	1.5
19	Jun_3_2021	46.78	38.26	39.32	39.45	39.41	38.97	38.28(-3.55%)	N/A	N/A	0	-0.8	-4	-80	-23	54	0.99	60%	-0.34	-13.6	3.68%	-2.1	0	65	1.2
20	Jun_2_2021	46.94	38.29	39.23	39.98	39.74	39.94	39.69(-1.22%)	UD	OpenLong	75	-0.2	23	20	3	83	0.92	60%	-0.36	-18.9	3.84%	-0.6	0.9	70	1.5

21	Jun_1_2021	47.11	38.24	38.92	39.68	40.06	39.84	40.18(1.72%)	UT	OpenLong	75	0.3	28	-10	12	75	1.28	62%	-0.55	-43.7	3.85%	0.9	1.3	57	1.1
22	May_28_2021	47.37	38.27	38.52	39.33	39.56	39.55	39.5(-0.23%)	UT	HoldLong	50	0.1	9	20	-6	55	0.98	62%	-0.36	-57.5	3.91%	-1	0.7	58	1.5
23	May_27_2021	47.54	38.34	38.25	39.24	39.29	40.28	39.59(-3.32%)	UD	OpenLong	75	0.2	21	180	11	50	1.68	62%	-0.31	-62.3	3.94%	0.2	0.6	49	1.9
24	May_26_2021	47.69	38.47	37.85	39.17	39.15	39.58	40.95(7.2%)	UT	OpenLong	75	0.8	34	80	30	44	1.23	62%	-0.21	-58.8	3.96%	2.4	1.1	55	1.5
25	May_25_2021	47.79	38.59	37.28	38.39	38.73	38.3	38.2(-0.51%)	UD	OpenLong	75	-0.1	2	-50	2	3	0.8	56%		-58.4	3.86%	-1.3	-0.1	47	1.1
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

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