Should You Buy Daqo New Energy Corp (DQ) Stock After it Is Lower By 3.26% in a Week?

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 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. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With DQ Stock Today?

Daqo New Energy Corp (DQ) stock is trading at $59.01 as of 1:07 PM on Tuesday, Sep 21, a rise of $2.18, or 3.85% from the previous closing price of $56.83. The stock has traded between $56.81 and $59.51 so far today. Volume today is below average. So far 438,371 shares have traded compared to average volume of 2,073,175 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.