CHINA AUTOMOTIVE SYSTEMS INC (CAAS) Stock Technical Analysis
NASDAQ:CAAS - Nasdaq - US16936R1059 - Common Stock - Currency: USD
Taking everything into account, CAAS scores 4 out of 10 in our technical rating. CAAS has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
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 52% of all stocks.
CAAS is an average performer in the Automobile Components industry, it outperforms 55% of 81 stocks in the same industry.
CAAS is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CAAS is lagging the market slightly.
In the last month CAAS has a been trading in the 3.84 - 4.39 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, CAAS does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 4.13, a Stop Loss order could be placed below this zone.
More info and screens
3.48
4.83
We found 3 important support areas.
- A support zone ranging from 4.02 to 4.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.62 from a trend line in the weekly time frame.
- Support @3.52 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @4.26 from a horizontal line in the daily time frame.
- Resistance @4.70 from a horizontal line in the weekly time frame.
- Resistance @4.78 from a horizontal line in the weekly 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 | 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 | 52.81 | 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) | DOWN | MIXED | The current price of CAAS is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CAAS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.03 | NEUTRAL | The RSI value for CAAS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CAAS has a positive trend. |
| Stochastics (14,3) | 63.89 | NEUTRAL | The Stochastics value for CAAS is a neutral value. |
| Average True Range in percent/ATR (20) | 4.08 | MEDIUM VOLATILITY | The ATR as a percentage value for CAAS suggests some volalility. |
| Average Directional Index/ADX (14) | 32.19 | POSITIVE | The high ADX value value for CAAS suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
4.25
+0.19 (+4.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg4.68%
1 Week2.41%
2 Weeks4.78%
1 Month6.25%
3 Month-3.63%
6 Month-2.97%
12 Month7.05%
2 Year-13.62%
3 Year57.41%
5 Year47.06%
10 Year-49.52%
15 Year-75.85%
Volatility
ATR(14)0.15
ATR(20)%4.08%
ATR Inc19.36%
Range Today0.14
ADR(20)0.16
ADR(20)%3.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS52.81
Mansfield0
10 Day High4.28
10 Day Low3.94
20 Day High4.39
20 Day Low3.84
52 Week High5.37
52 Week Low3.34
CS1 End4.13
CR1 Start4.26
Volume & EV
DER(3)-8%
DER(5)-4.6%
Volume21.70K
Volume Incr-8.72%
Vol(5)22.34K
Vol(50)43.82K