CSIQ Stock Canadian Solar (CSIQ, $11.35) price moved above its 50-day Moving Average on February 20, 2025
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CSIQ's RSI Indicator ascends from oversold territory
The RSI Oscillator for CSIQ moved out of oversold territory on February 04, 2025. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 37 similar instances when the indicator left oversold territory. In of the 37 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on February 14, 2025. You may want to consider a long position or call options on CSIQ as a result. In of 105 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for CSIQ just turned positive on February 13, 2025. Looking at past instances where CSIQ's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .
CSIQ moved above its 50-day moving average on February 20, 2025 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CSIQ advanced for three days, in of 278 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CSIQ declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
CSIQ broke above its upper Bollinger Band on February 19, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for CSIQ entered a downward trend on February 12, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
