Large Inflow of Money Detected in Canadian Solar

Canadian Solar (CSIQ) : On Thursday, The money flowed into the Canadian Solar (CSIQ) stock with an uptick to downtick ratio was recorded at 1.54. Transactions worth $0.74 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $0.48 million. The total money flow into the stock was $0.26 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $0.3 million of block transactions on upticks. The total money flow in block trades was $0.3 million. In terms of price action, Canadian Solar (CSIQ) traded down $0.14 during the session at $15.11. Compared to the previous days closing, the stock was down only by -0.89%. For the week, the stock is 0.5%, over previous weeks closing.


The stock has recorded a 20-day Moving Average of 2.26% and the 50-Day Moving Average is 9.8%. Shares have dropped -41.18% from its 1 Year high price. On Dec 24, 2015, the shares registered one year high at $29.83 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $16.56 and the 200 Day Moving Average price is recorded at $19.00.

Canadian Solar (NASDAQ:CSIQ): The stock opened at $15.37 on Thursday but the bulls could not build on the opening and the stock topped out at $15.41 for the day. The stock traded down to $14.86 during the day, due to lack of any buying support eventually closed down at $14.96 with a loss of -1.84% for the day. The stock had closed at $15.24 on the previous day. The total traded volume was 3,588,951 shares.

Canadian Solar Inc. is a solar power company, which designs, develops and manufactures solar wafers, solar cells and solar power products. The Companys solar power products include standard solar modules and specialty solar products. It has two segments: module segment and energy segment. The Companys module segment primarily involves design, development, manufacture and sales of solar power products and solar system kits. The Companys energy segment involves solar power project development, engineering, procurement and construction services, operations and maintenance services, and electricity revenue generation. Its products include a range of solar modules for use in residential, commercial and industrial solar power generation systems. Its specialty solar products consist of solar modules that the customers incorporate into their own products and complete specialty products, such as portable solar home systems. The Company sells its products under Canadian Solar brand name.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *