CBAK ENERGY TECHNOLOGY INC (CBAT)
US14986C1027 - Common Stock
Taking everything into account, CBAT scores 6 out of 10 in our technical rating. CBAT has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
CBAT is part of the Electrical Equipment industry. There are 87 other stocks in this industry. CBAT outperforms 76% of them.
In the last month CBAT has a been trading in the 0.82 - 1.08 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that CBAT is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
CBAT 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 CBAT is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although the technical rating is only medium, CBAT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 1.06. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for CBAT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.74
1.30
5 important support areas can be observed.
- Support @0.95 from a horizontal line in the weekly time frame.
- Support @0.92 from a horizontal line in the daily time frame.
- Support @0.85 from a trend line in the daily time frame.
- Support @0.79 from a trend line in the weekly time frame.
- Support @0.75 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 6 important areas.
- Resistance @1.06 from a horizontal line in the daily time frame.
- Resistance @1.08 from a trend line in the weekly time frame.
- Resistance @1.11 from a trend line in the daily time frame.
- Resistance @1.15 from a horizontal line in the weekly time frame.
- Resistance @1.17 from a horizontal line in the daily time frame.
- Resistance @1.29 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.34
Mansfield-0.42
10 Day High1.08
10 Day Low0.9
20 Day High1.08
20 Day Low0.82
52 Week High1.45
52 Week Low0.74
Performance
1 Week9.38%
2 Weeks10.51%
1 Month0.96%
3 Month-6.25%
6 Month33.76%
12 Month29.63%
2 Year-5.41%
3 Year-77.32%
5 Year2.94%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)57.37
LBB0.88
UBB1.06
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 |
|---|---|---|---|
| 1.07 | 0.94 | 0.13 (12.15%) | 8.23% |
| An entry @1.07. This is a Buy Stop order right above the resistance zone. | An exit @0.94. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.13 points, which is 12.15%. | When investing 8.23% 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.
CBAK ENERGY TECHNOLOGY INC
NASDAQ:CBAT (4/26/2024, 7:00:00 PM)
After market: 1.026 -0.02 (-2.29%)1.05
+0.02 (+1.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg1.94%
1 Week9.38%
2 Weeks10.51%
1 Month0.96%
3 Month-6.25%
6 Month33.76%
12 Month29.63%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.08
ATR(20)%6.91%
ATR Inc
Range Today0.05
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High1.08
10 Day Low0.9
20 Day High1.08
20 Day Low0.82
52 Week High1.45
52 Week Low0.74
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume74.00K
Volume Incr-23.5%
Vol(5)85.88K
Vol(50)132.94K