We assign a technical rating of 3 out of 10 to CBAK. In the past year, CBAK was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
CBAK 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.
More info and screens
0.55
We found 3 important support areas.
- Support @0.58 from a trend line in the daily time frame.
- A support zone ranging from 0.57 to 0.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.56 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 0.65 to 0.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.70 from a horizontal line in the weekly time frame.
- Resistance @0.73 from a horizontal line in the daily time frame.
- Resistance @0.97 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 CBAK is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CBAK is up. |
| ChartMill Relative Strength | 14.59 | NEGATIVE | CBAK has a low relative strength, it was outperformed by 85.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CBAK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CBAK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CBAK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.56 | NEUTRAL | The RSI value for CBAK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CBAK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 48.28 | NEUTRAL | The Stochastics value for CBAK is a neutral value. |
| Average True Range in percent/ATR (20) | 11.74 | HIGH VOLATILITY | The high ATR as a percentage value for CBAK suggests high volalility. |
NASDAQ:CBAK (11/29/2018, 8:00:00 PM)
0.65
-0.08 (-10.96%)
China Bak Battery / CBAK FAQ
What is the technical rating for CBAK stock?
ChartMill assigns a technical rating of 3 / 10 to CBAK.
What is the current trend direction of China Bak Battery (CBAK) stock?
The current trend direction for China Bak Battery (CBAK) is Bearish.
What is the RSI signal for CBAK stock?
China Bak Battery (CBAK) has an RSI value of 50.5555. This indicates that the stock is currently neutral.
What is the short term momentum for CBAK stock?
The short term momentum for China Bak Battery (CBAK) is positive.
Can you provide the support and resistance levels for China Bak Battery?
China Bak Battery (CBAK) has a support level at 0.58 and a resistance level at 0.65. Check the full technical report for our detailed analysis of CBAK support and resistance levels.