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: Bearish.
Positives: RSI 48 — healthy momentum range; strong 1-year return of +83.8%. Concerns: trading below the 200-day MA (long-term downtrend); below the 50-day MA (medium-term momentum negative); 50-day MA is falling (-8.89% over 10 days); 3-month momentum negative (-39.3%). Currently 61.8% off its 52-week high. Score: -3/7.
CSIQ is trading below its 200-day MA ($17.33) — a key warning sign the longer-term trend is under pressure. An RSI of 47.9 sits in the neutral zone — momentum is neither stretched nor exhausted. The 1-year return of +83.8% compares to +35.1% for SPY (beat the market by 48.8%). The current 61.8% drawdown from the 52-week high reflects elevated risk for momentum-based strategies.