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Where Will Canadian Solar Inc (CSIQ) Stock Go Next After It Has Gained 2.56% in a Week?

Friday, March 31, 2023 02:27 PM | InvestorsObserver Analysts

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Where Will Canadian Solar Inc (CSIQ) Stock Go Next After It Has Gained 2.56% in a Week?

The market has been high on Canadian Solar Inc (CSIQ) stock recently. CSIQ gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Canadian Solar Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CSIQ!

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. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With CSIQ Stock Today?

Canadian Solar Inc (CSIQ) stock is trading at $39.61 as of 2:12 PM on Friday, Mar 31, a gain of $0.25, or 0.64% from the previous closing price of $39.36. The stock has traded between $39.27 and $40.45 so far today. Volume today is below average. So far 380,519 shares have traded compared to average volume of 1,212,540 shares. To see InvestorsObserver's Sentiment Score for Canadian Solar Inc click here.

More About Canadian Solar Inc

Canadian Solar Inc is a Canadian solar power company. It is an integrated provider of solar power products, services, and system solutions. The company engages in designing, developing and manufacturing solar ingots, wafers, cells, modules and other solar power products. It operates through two business segments CSI Solar and Global Energy segment. The CSI Solar segment design, develop and manufacture solar ingots, wafers, cells, modules and other solar power and battery storage products. Its Energy segment primarily comprises solar and battery storage project development and sale, O&M and asset management services for operational projects, sale of electricity, and investment in retained assets. Click Here to get the full Stock Report for Canadian Solar Inc stock.

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