Daqo New Energy Corp (DQ) stock is higher by 13.86% over the past week and gets a Bullish rating from InvestorsObserver's 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!
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.
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 is trading at $83.47 as of 11:00 AM on Wednesday, Jul 1, a gain of $9.19, or 12.37% from the previous closing price of $74.28. The stock has traded between $74.50 and $84.37 so far today. Volume today is less active than usual. So far 196,565 shares have traded compared to average volume of 286,949 shares.
To see InvestorsObserver's Sentiment Score for 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.
