Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Canadian Solar Inc shares valued at $36,522 were purchased by Wong Andrew Luen Cheung on Dec 16 ’24. At $12.69 per share, Wong Andrew Luen Cheung acquired 2,878 shares.
Also, Wong Andrew Luen Cheung purchased 3,687 shares, netting a total of over 45,608 in proceeds.
As published in a research note from Roth Capital on April 25, 2025, Canadian Solar Inc [CSIQ] has been rated down from a Buy to a Neutral and the price target has been revised to $9. Analysts at Citigroup upgraded the stock from ‘”a Sell”‘ to ‘”a Neutral”‘ outlook in a report released in mid April. As of December 17, 2024, Goldman has decreased its “Neutral” rating to a “Sell” for CSIQ. Earlier on December 13, 2024, Mizuho initiated its rating. Their recommendation was “an Outperform” for CSIQ stock.
Analyzing CSIQ Stock Performance
During the last five days, there has been a surge of approximately 16.07%. Over the course of the year, Canadian Solar Inc shares have dropped approximately -3.87%. Shares of the company reached a 52-week high of $13.66 on 01/07/25 and a 52-week low of $6.57 on 04/09/25. A 50-day SMA is recorded $9.09, while a 200-day SMA reached $11.75.
Support And Resistance Levels for Canadian Solar Inc (CSIQ)
According to the 24-hour chart, there is a support level at 10.14, which, if violated, would cause prices to drop to 9.60. In the upper region, resistance lies at 11.09. The next price resistance is at 11.50. RSI (Relative Strength Index) is 61.19 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.66, which suggests the price will decrease in the coming days. Percent R is at 25.65%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
