CBAK ENERGY TECHNOLOGY INC (CBAT) Stock Technical Analysis
NASDAQ:CBAT - Nasdaq - US14986C1027 - Common Stock - Currency: USD
We assign a technical rating of 1 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.
74% of all other stocks performed better in the past year than CBAT.
CBAT is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
CBAT is an average performer in the Electrical Equipment industry, it outperforms 42% of 93 stocks in the same industry.
CBAT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CBAT is lagging the market.
Considerably lower volume is observed in the last couple of days.
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
0.88
1.23
When analyzing the support we can see 2 important areas.
- Support @0.91 from a trend line in the daily time frame.
- A support zone ranging from 0.89 to 0.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 0.93 to 0.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.03 from a trend line in the daily time frame.
- Resistance @1.14 from a trend line in the weekly time frame.
- Resistance @1.22 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 CBAT is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CBAT is down. |
| ChartMill Relative Strength | 26.56 | NEGATIVE | CBAT has a low relative strength, it was outperformed by 73.44% 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) | UP | MIXED | The current price of CBAT is below the rising 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) | 36.45 | 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) | 33.97 | NEUTRAL | The Stochastics value for CBAT is a neutral value. |
| Average True Range in percent/ATR (20) | 7.14 | HIGH VOLATILITY | The high ATR as a percentage value for CBAT suggests high volalility. |
| Average Directional Index/ADX (14) | 32.42 | POSITIVE | The high ADX value value for CBAT 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)
0.9205
+0.01 (+1.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg1.12%
1 Week1.71%
2 Weeks-10.63%
1 Month-14.77%
3 Month2.29%
6 Month4.2%
12 Month-8.86%
2 Year3.43%
3 Year-33.78%
5 Year38.71%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%7.14%
ATR Inc-51.64%
Range Today0.02
ADR(20)0.07
ADR(20)%7.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.56
Mansfield-1.07
10 Day High1.05
10 Day Low0.8
20 Day High1.15
20 Day Low0.8
52 Week High1.3
52 Week Low0.57
CS1 End0.91
CR1 Start0.93
Volume & EV
DER(3)12.02%
DER(5)4.46%
Volume54.90K
Volume Incr-53.59%
Vol(5)87.76K
Vol(50)241.90K