Canadian Solar Inc. Common Shares (ON)
Here’s whether Canadian Solar Inc. Common Shares (ON) (CSIQ) is worth buying in 2026 — based on weekly-updated price trend, RSI momentum, and return vs. the S&P 500. Our current read: Neutral.
Positives: above the 50-day MA (medium-term momentum positive); 50-day MA is rising (+5.20% over 10 days); RSI 41 — healthy momentum range; strong 1-year return of +53.6%. Concerns: trading below the 200-day MA (long-term downtrend); 3-month momentum negative (-7.3%). Currently 51.6% off its 52-week high. Score: +1/7.
CSIQ is trading below its 200-day MA ($18.26) — a key warning sign the longer-term trend is under pressure. An RSI of 41.4 sits in the neutral zone — momentum is neither stretched nor exhausted. The 1-year return of +53.6% compares to +22.9% for SPY (beat the market by 30.8%). The current 51.6% drawdown from the 52-week high reflects elevated risk for momentum-based strategies.