DAQO NEW ENERGY - Daily - Technical analysis published on 04/04/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Neutral
Technical indicators
28%
33%
39%
My opinion
Bearish under 84.69 USD
My targets
72.03 USD (-4.20%)
51.37 USD (-31.68%)
My analysis
The strong short-term decrease of DAQO NEW ENERGY should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 84.69 USD, a sale could be considered. The first bearish objective is located at 72.03 USD. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 51.37 USD. If there is any crossing, the next objective would be support 48.40 USD. Caution, if there is a return to above 84.69 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
2
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This analysis was given by DipFarda. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DAQO NEW ENERGY rating is 75.19 USD. The price registered a decrease of -0.41% on the session with the lowest point at 74.38 USD and the highest point at 79.20 USD. The deviation from the price is +1.09% for the low point and -5.06% for the high point.74.38
79.20
75.19
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of DAQO NEW ENERGY in Daily shows a neutral overall trend. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 39.16 | 48.40 | 72.03 | 75.19 | 94.22 | 103.88 | 124.13 |
| Change (%) | -47.92% | -35.63% | -4.20% | - | +25.31% | +38.16% | +65.09% |
| Change | -36.03 | -26.79 | -3.16 | - | +19.03 | +28.69 | +48.94 |
| Level | Major | Intermediate | Major | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 68.49 | 71.44 | 73.31 | 76.26 | 78.13 | 81.08 | 82.95 |
| Camarilla | 73.87 | 74.31 | 74.75 | 75.19 | 75.63 | 76.07 | 76.52 |
| Woodie | 67.96 | 71.17 | 72.78 | 75.99 | 77.60 | 80.81 | 82.42 |
| Fibonacci | 71.44 | 73.28 | 74.42 | 76.26 | 78.10 | 79.24 | 81.08 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33.98 | 48.20 | 59.27 | 73.49 | 84.56 | 98.78 | 109.85 |
| Camarilla | 63.39 | 65.70 | 68.02 | 70.34 | 72.66 | 74.98 | 77.30 |
| Woodie | 32.41 | 47.41 | 57.70 | 72.70 | 82.99 | 97.99 | 108.28 |
| Fibonacci | 48.20 | 57.86 | 63.83 | 73.49 | 83.15 | 89.12 | 98.78 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -6.07 | 27.25 | 51.37 | 84.69 | 108.81 | 142.13 | 166.25 |
| Camarilla | 59.70 | 64.97 | 70.24 | 75.50 | 80.77 | 86.03 | 91.30 |
| Woodie | -10.66 | 24.95 | 46.78 | 82.39 | 104.22 | 139.83 | 161.66 |
| Fibonacci | 27.25 | 49.19 | 62.75 | 84.69 | 106.63 | 120.19 | 142.13 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.50 | |
| MACD (12,26,9): | -6.5300 | |
| Directional Movement: | -7.93 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 70.77 | |
| Parabolic SAR (0,02-0,02-0,2): | 60.56 | |
| Elder Ray (13): | 1.27 | |
| Super Trend (3,10): | 96.02 | |
| Zig ZAG (10): | 75.19 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 38.73 | |
| TEMA (21): | 66.12 | |
| Williams %R (14): | -55.44 | |
| Chande Momentum Oscillator (20): | -10.54 | |
| Repulse (5,40,3): | -4.0000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -1.0900 | |
| Courbe Coppock: | 34.97 |
| MA7: | 69.70 | |
| MA20: | 78.44 | |
| MA50: | 95.06 | |
| MA100: | 74.58 | |
| MAexp7: | 72.82 | |
| MAexp20: | 79.16 | |
| MAexp50: | 83.59 | |
| MAexp100: | 74.91 | |
| Price / MA7: | +7.88% | |
| Price / MA20: | -4.14% | |
| Price / MA50: | -20.90% | |
| Price / MA100: | +0.82% | |
| Price / MAexp7: | +3.25% | |
| Price / MAexp20: | -5.02% | |
| Price / MAexp50: | -10.05% | |
| Price / MAexp100: | +0.37% |
Quotes :
2021-04-01 19:59:59
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15 min delayed data
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NYSE Stocks
News
Don"t forget to follow the news on DAQO NEW ENERGY. At the time of publication of this analysis, the latest news was as follows:
- Daqo New Energy Announces Three-Year High-Purity Polysilicon Supply Agreement with Gaojing Solar
- Daqo New Energy Announces Three-Year High-Purity Polysilicon Supply Agreement with Wuxi Shangji Automation
- Thinking about trading options or stock in Apple, Square, Nio, Daqo New Energy, or Uber?
- Daqo New Energy Announces A Long-Term High-Purity Polysilicon Supply Agreement with Wuxi Shangji Automation
- Daqo New Energy Receives "2019 Strategic Partner Award" from LONGi Green Energy
This member declared not having a position on this financial instrument or a related financial instrument.
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