Do Traders Think Daqo New Energy Corp (DQ) Can Keep Climbing Monday?

The market has been high on Daqo New Energy Corp (DQ) stock recently. DQ gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Daqo New Energy Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on DQ!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With DQ Stock Today?

Daqo New Energy Corp (DQ) stock has fallen -2.11% while the S&P 500 is higher by 0.55% as of 2:40 PM on Monday, Mar 27. DQ has fallen -$1.07 from the previous closing price of $50.65 on volume of 468,063 shares. Over the past year the S&P 500 is down -12.73% while DQ is higher by 10.45%. DQ earned $24.06 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 2.06. To screen for more stocks like Daqo New Energy Corp click here.

More About Daqo New Energy Corp

Daqo New Energy Corp is a polysilicon manufacturer based in China. The company is engaged in the manufacturing and selling of high-purity polysilicon to photovoltaic product manufacturers who processed polysilicon into ingots, cells, and modules for solar power solutions. It offers ready-to-use polysilicon, packaged to meet crucible stacking, pulling, and solidification needs. All of its revenues gets derived from the People's Republic of China. Click Here to get the full Stock Report for Daqo New Energy Corp stock.