Is Canadian Solar, Inc. technically bullish or bearish?

Jun 25 2025 08:28 AM IST
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As of June 20, 2025, the market trend is mildly bearish, indicated by daily moving averages and weekly Dow Theory, despite a mildly bullish MACD signal, with overall weakness suggested by Bollinger Bands and significant underperformance relative to the S&P 500.
As of 20 June 2025, the technical trend has changed from sideways to mildly bearish. The current stance is mildly bearish, driven by daily moving averages indicating a bearish outlook and a weekly Dow Theory also reflecting a mildly bearish sentiment. While the MACD shows a mildly bullish signal on both weekly and monthly time frames, the overall indicators suggest weakness, particularly with the Bollinger Bands indicating a bearish monthly trend. The stock has underperformed significantly compared to the S&P 500 over various time frames, further supporting the bearish stance.
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