Canadian Solar (Germany) Technical Analysis

L5A Stock  EUR 13.42  1.27  8.65%   
As of the 18th of April 2024, Canadian Solar shows the Risk Adjusted Performance of (0.07), mean deviation of 2.64, and Standard Deviation of 3.49. In respect to fundamental indicators, the technical analysis model gives you tools to check existing technical drivers of Canadian Solar, as well as the relationship between them. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate thirteen technical drivers for Canadian Solar, which can be compared to its peers. Please confirm Canadian Solar value at risk, skewness, and the relationship between the maximum drawdown and potential upside to decide if Canadian Solar is priced correctly, providing market reflects its regular price of 13.42 per share.

Canadian Solar Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Canadian, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Canadian
  
Canadian Solar's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Canadian Solar technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Canadian Solar technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Canadian Solar trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Canadian Solar Technical Analysis

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The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Canadian Solar volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Canadian Solar Trend Analysis

Use this graph to draw trend lines for Canadian Solar. You can use it to identify possible trend reversals for Canadian Solar as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Canadian Solar price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Canadian Solar Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Canadian Solar applied against its price change over selected period. The best fit line has a slop of   0.11  , which may suggest that Canadian Solar market price will keep on failing further. It has 122 observation points and a regression sum of squares at 464.17, which is the sum of squared deviations for the predicted Canadian Solar price change compared to its average price change.

About Canadian Solar Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Canadian Solar on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Canadian Solar based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Canadian Solar price pattern first instead of the macroeconomic environment surrounding Canadian Solar. By analyzing Canadian Solar's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Canadian Solar's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Canadian Solar specific price patterns or momentum indicators. Please read more on our technical analysis page.

Canadian Solar April 18, 2024 Technical Indicators

Most technical analysis of Canadian help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Canadian from various momentum indicators to cycle indicators. When you analyze Canadian charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Canadian Solar April 18, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Canadian stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether Canadian Solar is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Canadian Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Canadian Solar Stock. Highlighted below are key reports to facilitate an investment decision about Canadian Solar Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Canadian Solar. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
For more detail on how to invest in Canadian Stock please use our How to Invest in Canadian Solar guide.
You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

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When running Canadian Solar's price analysis, check to measure Canadian Solar's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Canadian Solar is operating at the current time. Most of Canadian Solar's value examination focuses on studying past and present price action to predict the probability of Canadian Solar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Solar's price. Additionally, you may evaluate how the addition of Canadian Solar to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Canadian Solar's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canadian Solar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canadian Solar's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.