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What is the Market's View on Daqo New Energy Corp (DQ) Stock's Price and Volume Trends Friday?

Friday, February 03, 2023 03:50 PM | InvestorsObserver Analysts

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What is the Market's View on Daqo New Energy Corp (DQ) Stock's Price and Volume Trends Friday?

Overall market sentiment has been neutral on Daqo New Energy Corp (DQ) stock lately. DQ receives a Neutral rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,neutral
Daqo New Energy Corp has a Neutral 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. 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 $43.46 as of 3:43 PM on Friday, Feb 3, a drop of -$2.65, or -5.75% from the previous closing price of $46.11. The stock has traded between $43.25 and $44.90 so far today. Volume today is 1,192,779 compared to average volume of 1,236,664.

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.

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