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 37 — healthy momentum range. Concerns: trading below the 200-day MA (long-term downtrend); below the 50-day MA (medium-term momentum negative); 50-day MA is falling (-2.81% over 10 days); 3-month momentum negative (-5.5%). Currently 61.4% off its 52-week high. Score: -4/7.
CSIQ is trading below its 200-day MA ($18.72) — a key warning sign the longer-term trend is under pressure. An RSI of 36.5 sits in the neutral zone — momentum is neither stretched nor exhausted. The 1-year return of +3.9% compares to +16.5% for SPY (trailed the market by 12.6%). The current 61.4% drawdown from the 52-week high reflects elevated risk for momentum-based strategies.