While this happened, HSBC Securities upgraded its Daqo New Energy Corp ADR [DQ] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who increased its forecast for the stock in late August from “a Reduce” to “a Hold”. Goldman began covering DQ with “Buy” recommendation on July 11, 2024. HSBC Securities revised its rating on May 06, 2024. It rated DQ as “a Reduce” which previously was an “a Hold”.
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Price Performance Review of DQ
On Tuesday, Daqo New Energy Corp ADR [NYSE:DQ] saw its stock fall -22.75% to $22.51. Over the last five days, the stock has gained 8.12%. Daqo New Energy Corp ADR shares have fallen nearly -15.38% since the year began. Nevertheless, the stocks have fallen -3.51% over the past one year. While a 52-week high of $30.85 was reached on 10/28/24, a 52-week low of $13.62 was recorded on 08/26/24. SMA at 50 days reached $18.30, while 200 days put it at $19.82.
Levels Of Support And Resistance For DQ Stock
The 24-hour chart illustrates a support level at 20.35, which if violated will result in even more drops to 18.18. On the upside, there is a resistance level at 25.34. A further resistance level may holdings at 28.16. The Relative Strength Index (RSI) on the 14-day chart is 53.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.55, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 62.90%. Stochastics %K at 71.21% indicates the stock is a holding.
How much short interest is there in Daqo New Energy Corp ADR?
A steep rise in short interest was recorded in Daqo New Energy Corp ADR stocks on 2024-10-15, dropping by 30897.0 shares to a total of 3.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.95 million shares. There was a decline of -0.79%, which implies that there is a negative sentiment for the stock.
