Daqo New Energy (DQ): Heading in the Right Direction?

Investors may be taking a closer look at shares of Daqo New Energy (DQ). Let us focus in on the current opinion signal on the stock. The opinion signal for the current session is 80% Buy. Looking back at the last month, the opinion signal reads 88% Buy. This is the combined signal for the previous month when applying a wide array of studies based on price movement. Using these same guidelines, the signal for last week stands at 96% Buy. Investors may also be interested in the strength and direction of the opinion signals. The opinion direction is currently Weakening. This is a measurement over the past three trading sessions that provides an indication of whether the latest recent price movement is following the signal. A Buy or Sell signal with a “Strongest” direction indicates that the signal is gaining strength. The opinion strength signal is presently reading Average. This is a longer-term gauge verse the historical strength. 

With equity investing, there will constantly be worries and fears. The volatility in the market that accompanies these fears may trick investors into thinking the next bear market is on the doorstep. During a market-wide sell off, many stocks may experience the pain. Over time, many may gain back the ground they lost and return to previous levels. The biggest names may be the ones to recoup the losses the quickest. However, many investors might get stuck waiting for a rebound that just isn’t going to happen. Having the flexibility to adapt to market conditions may help repair a damaged portfolio. Sometimes a readjustment may be needed in order to regain some confidence. As the next round of earnings reports start to come in, investors will be keeping a close watch to see which companies produce the largest surprises, both positive and negative.

Just-released report names Cannabis Stock of the Year for 2019! Their last pick has seen a +1,200% return since he released it!

This stock has all of the makings of the next great cannabis stock – early-mover advantage, international exposure and influential partnerships, plus it has a product that is unlike anything else on the market…

You will also receive a free, weekly newsletter to stay on top of the latest industry trends, read analysis on promising cannabis stocks, and more. Click here to receive your Free Report immediately!

Tracking current trading session activity on shares of Daqo New Energy (DQ), we can see that the stock price recently hit 42.08. At the open, shares were trading at 43.06. Since the start of the session, the stock has topped out with a high of 43.06 and bottomed with a low of 40.79. After noting current price levels, we can see that the change from the open is presently -1.02.  

Let us now turn the focus to some medium-term indicators on company shares. The reading from the 40-day commodity channel index is currently Hold. The CCI indicator is mainly used to identify oversold and overbought levels. Shifting to the 50-day moving average vs price signal, the reading is measured at Buy. This indicator is used to watch price changes. 

Many investors opt to keep a close watch on the views of sell-side analysts that cover the stock. The current analyst rating on Daqo New Energy (DQ) is 5. This is based on a scale where a 5 would indicate a Strong Buy, a 4 would equal a Moderate Buy, 3 a hold, 2 a moderate sell, and a rating of 1 would indicate a Strong Sell.

Doing the necessary homework, investors have a wealth of information about publically traded stocks. Figuring out which ones are going to steadily outperform can be a tricky task. Many investors opt to follow what covering sell-side analysts think about certain stocks. Following analyst updates to estimates and targets may help gauge overall stock sentiment. However, solely following analyst views may not be enough to put the entire investing puzzle together. Technical traders may want to still keep tabs on the fundamentals, and vice-versa.