Overall CAAS gets a technical rating of 0 out of 10. CAAS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
CAAS has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 4.19. Right above this resistance zone may be a good entry point.
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3.48
When analyzing the support we can see 4 important areas.
- Support @4.03 from a horizontal line in the daily time frame.
- A support zone ranging from 3.78 to 3.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.67 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 4 important areas.
- A resistance zone ranging from 4.19 to 4.22. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 4.29 to 4.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 4.39 to 4.46. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @4.92 from a trend line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for CAAS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CAAS is down. |
| ChartMill Relative Strength | 35.15 | 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) | 44.59 | NEUTRAL | The RSI value for CAAS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests CAAS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.38 | OVERSOLD | The low Stochastics value suggests CAAS may be oversold. |
| Average True Range in percent/ATR (20) | 3.69 | MEDIUM VOLATILITY | The ATR as a percentage value for CAAS suggests some volalility. |
| Average Directional Index/ADX (14) | 20.16 | NEUTRAL | The ADX value for CAAS suggests a possible start of a new trend. |
4.13
+0.05 (+1.22%)
CHINA AUTOMOTIVE SYSTEMS INC / CAAS FAQ
Can you provide the ChartMill technical rating for CHINA AUTOMOTIVE SYSTEMS INC?
ChartMill assigns a technical rating of 0 / 10 to CAAS.
Can you provide the trend direction for CHINA AUTOMOTIVE SYSTEMS INC?
The current trend direction for CHINA AUTOMOTIVE SYSTEMS INC (CAAS) is Bearish.
Can you provide the RSI signal for CHINA AUTOMOTIVE SYSTEMS INC?
CHINA AUTOMOTIVE SYSTEMS INC (CAAS) has an RSI value of 44.5921. This indicates that the stock is currently neutral.
What is the short term momentum for CHINA AUTOMOTIVE SYSTEMS INC (CAAS) stock?
The short term momentum for CHINA AUTOMOTIVE SYSTEMS INC (CAAS) is negative.
What is the buy/sell signal for CHINA AUTOMOTIVE SYSTEMS INC (CAAS) stock?
The buy/sell signal for CHINA AUTOMOTIVE SYSTEMS INC (CAAS) is sell as both the short term and long term trends are negative.