We assign a technical rating of 7 out of 10 to CAAS. In the last year, CAAS was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
CAAS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 4.40, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CAAS in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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3.48
We found 5 important support areas.
- A support zone ranging from 4.18 to 4.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.99 to 4.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.80 from a horizontal line in the daily time frame.
- Support @3.68 from a trend line in the weekly time frame.
- Support @3.52 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 5.01 to 5.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for CAAS is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CAAS is up. |
| ChartMill Relative Strength | 54.31 | NEUTRAL | CAAS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CAAS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CAAS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CAAS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.3 | NEUTRAL | The RSI value for CAAS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests CAAS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.33 | NEUTRAL | The Stochastics value for CAAS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.24 | MEDIUM VOLATILITY | The ATR as a percentage value for CAAS suggests some volalility. |
| Average Directional Index/ADX (14) | 24.64 | NEUTRAL | The ADX value for CAAS suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 4.61 | 4.17 | 0.44 (9.54%) | 10.48% |
| An entry @4.61. This is a Buy Stop order right above the 10 day high. | An exit @4.17. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.44 points, which is 9.54%. | When investing 10.48% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
4.44
-0.08 (-1.77%)
CHINA AUTOMOTIVE SYSTEMS INC / CAAS FAQ
Can you provide the ChartMill technical rating for CHINA AUTOMOTIVE SYSTEMS INC?
ChartMill assigns a technical rating of 7 / 10 to CAAS.
What is the trend direction for CAAS stock?
The current trend direction for CHINA AUTOMOTIVE SYSTEMS INC (CAAS) is Bearish.
What is the RSI signal for CHINA AUTOMOTIVE SYSTEMS INC (CAAS) stock?
CHINA AUTOMOTIVE SYSTEMS INC (CAAS) has an RSI value of 59.2966. This indicates that the stock is currently neutral.
What is the MACD signal for CAAS stock?
The MACD indicator for CHINA AUTOMOTIVE SYSTEMS INC (CAAS) has a value of 0.0225098, indicating a bearish trend.
What is the support and resistance level for CAAS stock?
CHINA AUTOMOTIVE SYSTEMS INC (CAAS) has a support level at 4.4 and a resistance level at 5.01. Check the full technical report for our detailed analysis of CAAS support and resistance levels.