Do Traders Think Daqo New Energy Corp (DQ) Can Turn Around Friday?

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

Daqo New Energy Corp has a Bearish 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 is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With DQ Stock Today?

Daqo New Energy Corp (DQ) stock is trading at $49.82 as of 1:00 PM on Friday, Nov 25, a loss of -$1.38, or -2.7% from the previous closing price of $51.20. The stock has traded between $48.13 and $50.41 so far today. Volume today is below average. So far 597,376 shares have traded compared to average volume of 1,182,418 shares. 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.