Taking everything into account, CBAT scores 1 out of 10 in our technical rating. CBAT has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, CBAT does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 0.86, a Stop Loss order could be placed below this zone. 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
0.85
When analyzing the support we notice one important area.
- 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.
5 important resistance areas can be observed.
- A resistance zone ranging from 0.89 to 0.89. 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 0.93 to 0.93. 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 0.99 to 1.00. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @1.16 from a trend line in the daily 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 | DOWN | NEGATIVE | The long term trend for CBAT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CBAT is down. |
| ChartMill Relative Strength | 57.23 | NEUTRAL | CBAT is not amongst the best or worst performers 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) | UP | MIXED | The current price of CBAT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.44 | NEUTRAL | The RSI value for CBAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CBAT has a positive trend. |
| Stochastics (14,3) | 18.13 | OVERSOLD | The low Stochastics value suggests CBAT may be oversold. |
| Average True Range in percent/ATR (20) | 3.67 | MEDIUM VOLATILITY | The ATR as a percentage value for CBAT suggests some volalility. |
| Average Directional Index/ADX (14) | 9.31 | NEGATIVE | The low ADX value for CBAT suggests a weak or negative trend. |
0.8874
+0.02 (+2.45%)
CBAK ENERGY TECHNOLOGY INC / CBAT FAQ
What is the technical rating for CBAT stock?
ChartMill assigns a technical rating of 1 / 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 47.4398. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for CBAK ENERGY TECHNOLOGY INC?
The buy/sell signal for CBAK ENERGY TECHNOLOGY INC (CBAT) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for CBAK ENERGY TECHNOLOGY INC (CBAT) stock?
CBAK ENERGY TECHNOLOGY INC (CBAT) has a support level at 0.86 and a resistance level at 0.89. Check the full technical report for our detailed analysis of CBAT support and resistance levels.