The New Golden Age About To Begin For EPAM Systems, Inc. (EPAM), Canadian Solar Inc. (CSIQ)

The price of EPAM Systems, Inc. (NYSE:EPAM) went up by $2.74 now trading at $171.04. Their shares witnessed a 63.25% increase from the 52-week low price of $104.77 they recorded on 2018-12-24. Even though it is still -5.56% behind the $180.55 high touched on 2019-05-01. The last few days have been good for the stock, as its price has grew by 0.36% during the week. It has also performed better over the past three months, as it added around 14.35% while it has so far climbed around 36.19% during the course of a year. The stock of EPAM recorded 47.44% uptrend from the beginning of this year till date. The 12-month potential price target for EPAM Systems, Inc. is set at $171. This target means that the stock has an upside potential to increase by -0.02% from the current trading price.

59 institutions entered new EPAM Systems, Inc. (NYSE:EPAM) positions, 179 added to their existing positions in these shares, 150 lowered their positions, and 41 exited their positions entirely.

EPAM Systems, Inc. (EPAM) trade volume has increased by 33.18% as around 473,458 shares were sold when compared with its 50-day average volume of traded shares which is 355,514. At the moment, EPAM is witnessing a downtrend, as it is trading -1.48% below its 20-day SMA, 0.44% above its 50-day SMA, and 20.65% above its 200-day SMA. The company runs an ROE of roughly 12.9%, with financial analysts predicting that their earnings per share growth will be around 18.5% per annum for the next five year. This will be compared to the 26.6% increase witnessed over the past five years.

The first technical resistance point for EPAM Systems, Inc. (NYSE:EPAM) will likely come at $173.69, marking a 1.53% premium to the current level. The second resistance point is at $176.34, about 3.01% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $162.4, the lower end of the range. EPAM’s 14-day MACD is -5.47 and this negative figure indicates a downward trading trend. The company’s 14-day RSI (relative strength index) score is 49.23, which shows that its stock has been neutral. The 20-day historical volatility for the stock stands at 28.22 percent, which is high when compared to that of the 50-day’s 27.46 percent.

The shares of Canadian Solar Inc. (NASDAQ:CSIQ) has increased by 1.34%, and now trading at $18.12 on the Wall Street in the intra-day deal, with their shares traded now around 523,775. This is a decline of -416,887 shares over the average 940,662 shares that were traded daily over the last three months. The stock that is trading at $18.12 went higher by 59.37% from its 52-week low of $11.37 that it attained back on 2018-06-15. The stock recorded a 52-week high of $25.89 nearly 76 days ago on 2019-03-01.

CSIQ stock hasn’t performed well over the past 30 days, as it lost -3.77% while its price climbed by 26.36% year-to-date (YTD). Looking at the last few days, it has been tough for the stock, as it tumbled -7.83% over the last week. The stock’s 12-month potential target price is now at $22.72. This means that the stock price might likely increase by 25.39% from its current trading price. 3 out of 7 Wall Street analysts which represents 42.86% rated the stock as a buy while the remaining 42.86% rated it as a hold, with 14.29% of analysts rating it as a sell.

Canadian Solar Inc. (NASDAQ:CSIQ) has been utilizing an ROE that is roughly 20.8%, with stock analysts predicting that the company’s EPS for the next five years will go down by 0% per year, following the 43.9% raise that was witnessed during the past five years. The stock at the moment is on a downtrend, trading -7.94% below its 20-day SMA, -10.76% below its 50-day SMA, and 5.28% above its 200-day SMA. In percentage terms, the aggregate Canadian Solar Inc. shares held by institutional investors is 41%. 27 institutions jumped in to acquire Canadian Solar Inc. (CSIQ) fresh stake, 65 added to their current holdings in these shares, 58 lowered their positions, and 27 left no stake in the company.

The stock’s 9-day MACD is -1.29 and this negative figure indicates a downward trading trend. The company’s 9-day RSI score is 34.77, which shows that its stock has been neutral. The 20-day historical volatility for the shares stand at 52.47 percent, which is less when compared to that of the 50-day’s 56.78 percent. On the daily chart, we see that the stock could reach the first level of resistance at $18.38, sporting a 1.41% premium to the current level. The next resistance point is at $18.63, representing nearly 2.74% premium to the current market price of Canadian Solar Inc. (CSIQ). On the other hand, failure to breach the immediate hurdles can drag it down to $17.35, the lower end of the range.