CAAS Technical Analysis - CHINA AUTOMOTIVE SYSTEMS INC

Technical Rating and Analysis

Taking everything into account, CAAS scores 2 out of 10 in our technical rating. CAAS has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

In the last month CAAS has a been trading in the 3.86 - 4.45 range, which is quite wide. It is currently trading near the lows of this range.

The long and short term trends are both neutral. This gives a pretty neutral overall picture!

When comparing the performance of all stocks over the past year, CAAS turns out to be only a medium performer in the overall market: it outperformed 48% of all stocks.

CAAS is part of the Automobile Components industry. There are 80 other stocks in this industry, CAAS did better than 40% of them.

CAAS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CAAS is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

CHINA AUTOMOTIVE SYSTEMS INC / CAAS Weekly stock chart

CHINA AUTOMOTIVE SYSTEMS INC / CAAS Daily stock chart

Setup Rating and Analysis

CAAS has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.48

4.75

When analyzing the support we can see 2 important areas.

Support @3.68 from a trend line in the weekly time frame.
A support zone ranging from 3.52 to 3.56. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 5 important areas.

A resistance zone ranging from 4.14 to 4.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @4.25 from a horizontal line in the daily time frame.
Resistance @4.33 from a horizontal line in the weekly time frame.
A resistance zone ranging from 4.40 to 4.41. This zone is formed by a combination of multiple trend lines in the daily time frame.
Resistance @4.70 from a horizontal line in the weekly time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The short term trend for CAAS is neutral.
ChartMill Relative Strength	48.42	NEUTRAL	CAAS is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of CAAS is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of CAAS is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of CAAS is below a declining SMA(200).
Relative Strength Index/RSI (14)	43.76	NEUTRAL	The RSI value for CAAS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.03	NEGATIVE	The MACD value suggests CAAS has a negative trend, although the MACD value is rising.
Stochastics (14,3)	14.24	OVERSOLD	The low Stochastics value suggests CAAS may be oversold.
Average True Range in percent/ATR (20)	3.88	MEDIUM VOLATILITY	The ATR as a percentage value for CAAS suggests some volalility.
Average Directional Index/ADX (14)	20.9	NEUTRAL	The ADX value for CAAS suggests a possible start of a new trend.