Daqo New Energy's 15min chart sees MACD Death Cross, Bollinger Bands Narrowing, KDJ Death Cross

Daqo New Energy's 15-minute chart has recently exhibited a MACD Death Cross, Bollinger Bands Narrowing, and KDJ Death Cross, all of which occurred on July 18, 2025 at 13:15. This technical analysis suggests that the stock price may continue to decline, with a potential decrease in the magnitude of its fluctuations. Furthermore, the momentum of the stock price is shifting towards the downside, which could lead to a further decrease in value.

Daqo New Energy's (DQ) stock has been subject to significant technical indicators suggesting a potential downward trend. On July 18, 2025, at 13:15, the stock exhibited a MACD Death Cross, Bollinger Bands Narrowing, and KDJ Death Cross, all of which are typically associated with bearish market conditions. These technical indicators point to a possible continuation of the stock's decline, with a potential decrease in volatility.

The MACD Death Cross, a crossover of the MACD line and the signal line, indicates a potential reversal in the stock's momentum. Bollinger Bands Narrowing suggests that the stock's price is consolidating, which could lead to a breakout in either direction. The KDJ Death Cross, a crossover of the K and D lines on the KDJ indicator, signals a potential reversal in the stock's trend. All these indicators point towards a bearish sentiment, indicating that the stock price may continue to decline.

In addition to these technical indicators, the stock has seen a mix of analyst ratings and price targets. Citigroup initiated coverage of the stock with a "buy" rating and a $27.00 price target [3], while other analysts have downgraded the stock to a "hold" or "neutral" rating. The consensus rating among analysts is "Moderate Buy" with an average target price of $23.22 [3].

Daqo New Energy, a semiconductor company specializing in polysilicon for solar power solutions, has been trading at a market cap of $1.37 billion, with a P/E ratio of -3.14 and a beta of 0.60. The stock's recent earnings report showed a loss of $1.07 per share, missing analysts' expectations by $0.05. The company reported revenue of $123.91 million for the quarter, compared to the consensus estimate of $176.81 million.

Institutional investors have also shown interest in the stock, with several large investors modifying their holdings. Caitong International Asset Management Co. Ltd. increased its position by 86,700%, and Virtu Financial LLC purchased a new stake worth $187,000. Despite the technical challenges, the stock remains a focus for investors due to its role in the solar energy sector.

References:
[1] https://finance.yahoo.com/news/asian-equities-traded-us-american-143318343.html
[2] https://www.marketbeat.com/instant-alerts/daqo-new-energy-nysedq-trading-67-higher-heres-why-2025-07-10/
[3] https://www.marketbeat.com/instant-alerts/citigroup-begins-coverage-on-daqo-new-energy-nysedq-2025-07-18/