Daqo New Energy Stock Technical Analysis
| DQ Stock | USD 23.34 1.57 6.30% |
As of the 16th of April 2024, Daqo New shows the Coefficient Of Variation of 4690.53, mean deviation of 2.83, and Downside Deviation of 3.5. Daqo New Energy technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to break down and collect data for nineteen technical drivers for Daqo New Energy, which can be compared to its peers. Please confirm Daqo New Energy treynor ratio, as well as the relationship between the downside variance and kurtosis to decide if Daqo New Energy is priced favorably, providing market reflects its regular price of 23.34 per share. Given that Daqo New has jensen alpha of 0.0703, we urge you to verify Daqo New Energy's prevailing market performance to make sure the company can sustain itself at a future point.
Daqo New Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Daqo, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to DaqoDaqo |
Daqo New Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 46.48 | Buy | 8 | Odds |
Most Daqo analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Daqo stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Daqo New Energy, talking to its executives and customers, or listening to Daqo conference calls.
Daqo New technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Daqo New Energy Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Daqo New Energy volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Daqo New Energy Trend Analysis
Use this graph to draw trend lines for Daqo New Energy. You can use it to identify possible trend reversals for Daqo New as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Daqo New price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Daqo New Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Daqo New Energy applied against its price change over selected period. The best fit line has a slop of 0.17 , which suggests that Daqo New Energy will keep on generating value for investors. It has 122 observation points and a regression sum of squares at 1111.04, which is the sum of squared deviations for the predicted Daqo New price change compared to its average price change.About Daqo New Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Daqo New Energy on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Daqo New Energy based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Daqo New Energy price pattern first instead of the macroeconomic environment surrounding Daqo New Energy. By analyzing Daqo New's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Daqo New's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Daqo New specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2023 | 2024 (projected) | Dividend Yield | 3.91E-4 | 3.71E-4 | Price To Sales Ratio | 0.86 | 1.07 |
Daqo New April 16, 2024 Technical Indicators
Most technical analysis of Daqo help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Daqo from various momentum indicators to cycle indicators. When you analyze Daqo charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Risk Adjusted Performance | 0.0217 | |||
| Market Risk Adjusted Performance | (1.51) | |||
| Mean Deviation | 2.83 | |||
| Semi Deviation | 3.43 | |||
| Downside Deviation | 3.5 | |||
| Coefficient Of Variation | 4690.53 | |||
| Standard Deviation | 3.66 | |||
| Variance | 13.38 | |||
| Information Ratio | 0.0042 | |||
| Jensen Alpha | 0.0703 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.0044 | |||
| Treynor Ratio | (1.52) | |||
| Maximum Drawdown | 15.66 | |||
| Value At Risk | (6.35) | |||
| Potential Upside | 7.03 | |||
| Downside Variance | 12.25 | |||
| Semi Variance | 11.8 | |||
| Expected Short fall | (3.00) | |||
| Skewness | 0.2196 | |||
| Kurtosis | 0.0326 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Daqo New Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Complementary Tools for Daqo Stock analysis
When running Daqo New's price analysis, check to measure Daqo New's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Daqo New is operating at the current time. Most of Daqo New's value examination focuses on studying past and present price action to predict the probability of Daqo New's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Daqo New's price. Additionally, you may evaluate how the addition of Daqo New to your portfolios can decrease your overall portfolio volatility.
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Is Daqo New's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Daqo New. If investors know Daqo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Daqo New listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.85) | Earnings Share 5.62 | Revenue Per Share 30.897 | Quarterly Revenue Growth (0.45) | Return On Assets 0.0651 |
The market value of Daqo New Energy is measured differently than its book value, which is the value of Daqo that is recorded on the company's balance sheet. Investors also form their own opinion of Daqo New's value that differs from its market value or its book value, called intrinsic value, which is Daqo New's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Daqo New's market value can be influenced by many factors that don't directly affect Daqo New's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Daqo New's value and its price as these two are different measures arrived at by different means. Investors typically determine if Daqo New is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Daqo New's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.