The market has been neutral on Daqo New Energy Corp (DQ) stock recently. DQ gets a Neutral score from InvestorsObserver's Stock Sentiment Indicator.
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.
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 $79.99 as of 10:04 AM on Tuesday, Jan 12, a rise of $3.46, or 4.52% from the previous closing price of $76.53. The stock has traded between $78.23 and $83.90 so far today. Volume today is less active than usual. So far 378,486 shares have traded compared to average volume of 2,730,382 shares.
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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.
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