Should You Buy Daqo New Energy Corp (DQ) Stock After it Has Risen 3.52% in a Week?

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?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. 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 has risen 1.64% while the S&P 500 is lower by -0.45% as of 10:10 AM on Monday, Nov 13. DQ is up $0.44 from the previous closing price of $26.88 on volume of 110,901 shares. Over the past year the S&P 500 has gained 11.07% while DQ is lower by -49.32%. DQ earned $13.21 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 2.07. 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. 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.