Meanwhile, Goldman downgraded its Daqo New Energy Corp ADR [DQ] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Daiwa Securities’s analysts, who increased its forecast for the stock in late October from “a Neutral” to “an Outperform”. HSBC Securities also remained covering DQ and has increased its forecast on October 02, 2024 with a “Buy” recommendation from previously “Hold” rating. HSBC Securities revised its rating on August 27, 2024. It rated DQ as “a Hold” which previously was an “a Reduce”.
Price Performance Review of DQ
On Tuesday, Daqo New Energy Corp ADR [NYSE:DQ] saw its stock fall -13.77% to $12.77. Over the last five days, the stock has lost -7.53%. Daqo New Energy Corp ADR shares have fallen nearly -34.31% since the year began. Nevertheless, the stocks have fallen -45.80% over the past one year. While a 52-week high of $30.85 was reached on 02/21/25, a 52-week low of $12.90 was recorded on 04/29/25. SMA at 50 days reached $17.72, while 200 days put it at $18.43.
Levels Of Support And Resistance For DQ Stock
The 24-hour chart illustrates a support level at 12.01, which if violated will result in even more drops to 11.24. On the upside, there is a resistance level at 13.93. A further resistance level may holdings at 15.09. The Relative Strength Index (RSI) on the 14-day chart is 33.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.30%. Stochastics %K at 41.27% 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 2025-04-15, growing by 0.82 million shares to a total of 3.93 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 3.12 million shares. There was a rise of 20.72%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 11, 2024 when Goldman began covering the stock and recommended ‘”a Buy”‘ rating .
