CBAK ENERGY TECHNOLOGY INC (CBAT) Stock Technical Analysis
USA - NASDAQ:CBAT - US14986C1027 - Common Stock
We assign a technical rating of 0 out of 10 to CBAT. CBAT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of CBAT is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
0.85
We found 2 important support areas.
- Support @0.89 from a trend line in the daily time frame.
- A support zone ranging from 0.86 to 0.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 0.92 to 0.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.99 from a horizontal line in the weekly time frame.
- Resistance @1.03 from a trend line in the weekly time frame.
- A resistance zone ranging from 1.22 to 1.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 CBAT is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CBAT is down. |
| ChartMill Relative Strength | 21.05 | NEGATIVE | CBAT has a low relative strength, it was outperformed by 78.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CBAT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CBAT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CBAT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.2 | NEUTRAL | The RSI value for CBAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CBAT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.37 | OVERSOLD | The low Stochastics value suggests CBAT may be oversold. |
| Average True Range in percent/ATR (20) | 8.81 | HIGH VOLATILITY | The high ATR as a percentage value for CBAT suggests high volalility. |
| Average Directional Index/ADX (14) | 20.04 | NEUTRAL | The ADX value for CBAT suggests a possible start of a new trend. |
0.9006
-0.01 (-1.36%)
CBAK ENERGY TECHNOLOGY INC / CBAT FAQ
What is the technical rating for CBAT stock?
ChartMill assigns a technical rating of 0 / 10 to CBAT.
Can you provide the trend direction for CBAK ENERGY TECHNOLOGY INC?
The current trend direction for CBAK ENERGY TECHNOLOGY INC (CBAT) is Bearish.
What is the RSI signal for CBAK ENERGY TECHNOLOGY INC (CBAT) stock?
CBAK ENERGY TECHNOLOGY INC (CBAT) has an RSI value of 44.2043. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for CBAK ENERGY TECHNOLOGY INC?
CBAK ENERGY TECHNOLOGY INC (CBAT) has a support level at 0.89 and a resistance level at 0.92. Check the full technical report for our detailed analysis of CBAT support and resistance levels.