CBAK ENERGY TECHNOLOGY INC (CBAT) Stock Technical Analysis
NASDAQ:CBAT - Nasdaq - US14986C1027 - Common Stock - Currency: USD
Taking everything into account, CBAT scores 6 out of 10 in our technical rating. In the last year, CBAT was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
74% of all other stocks performed better in the past year than CBAT.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month CBAT has a been trading in the 0.80 - 1.10 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
CBAT is part of the Electrical Equipment industry. There are 94 other stocks in this industry, CBAT did better than 54% of them.
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.
CBAT has an average technical rating and it also does not offer a high 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
0.87
1.08
When analyzing the support we notice one important area.
- A support zone ranging from 0.88 to 0.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @1.07 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 | UP | POSITIVE | The short term trend for CBAT is up. |
| ChartMill Relative Strength | 26.74 | NEGATIVE | CBAT has a low relative strength, it was outperformed by 73.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CBAT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CBAT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CBAT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 71.01 | OVERBOUGHT | The high RSI value suggests CBAT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests CBAT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.88 | OVERBOUGHT | The high Stochastics value suggests CBAT may be overbought. |
| Average True Range in percent/ATR (20) | 5.94 | HIGH VOLATILITY | The high ATR as a percentage value for CBAT suggests high volalility. |
| Average Directional Index/ADX (14) | 31.25 | 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)
NASDAQ:CBAT (6/6/2025, 3:30:59 PM)
1.07
+0.01 (+0.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg0.94%
1 Week6.43%
2 Weeks23.83%
1 Month25.74%
3 Month18.5%
6 Month16.32%
12 Month-34.57%
2 Year-13.11%
3 Year-0.93%
5 Year39.47%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%5.94%
ATR Inc10.65%
Range Today0.05
ADR(20)0.06
ADR(20)%5.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.74
Mansfield0.24
10 Day High1.1
10 Day Low0.83
20 Day High1.1
20 Day Low0.8
52 Week High1.84
52 Week Low0.57
CS1 End0.88
CR1 Start1.07
Volume & EV
DER(3)0.42%
DER(5)5.35%
Volume148.54K
Volume Incr116.7%
Vol(5)405.16K
Vol(50)203.37K