CBAK ENERGY TECHNOLOGY INC (CBAT) Stock Technical Analysis
NASDAQ:CBAT - Nasdaq - US14986C1027 - Common Stock - Currency: USD
Overall CBAT gets a technical rating of 9 out of 10. Both in the recent history as in the last year, CBAT has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
CBAT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CBAT is lagging the market slightly.
In the last month CBAT has a been trading in the 0.91 - 1.25 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 81% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
CBAT is an average performer in the Electrical Equipment industry, it outperforms 68% of 94 stocks in the same industry.
CBAT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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
0.96
1.26
We found 1 important support area.
- Support @0.97 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @1.22 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 1.24 to 1.25. This zone is formed by a combination of multiple trend lines in the daily 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 | UP | POSITIVE | The long term trend for CBAT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CBAT is up. |
| ChartMill Relative Strength | 81.4 | POSITIVE | CBAT has a high relative strength, it outperformed 81.4% 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) | UP | POSITIVE | The current price of CBAT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.54 | NEUTRAL | The RSI value for CBAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests CBAT has a negative trend. |
| Stochastics (14,3) | 76.84 | NEUTRAL | The Stochastics value for CBAT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.56 | HIGH VOLATILITY | The high ATR as a percentage value for CBAT suggests high volalility. |
| Average Directional Index/ADX (14) | 45.25 | 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)
1.19
-0.03 (-2.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-2.46%
1 Week3.48%
2 Weeks-3.25%
1 Month19.48%
3 Month50.59%
6 Month11.22%
12 Month-13.14%
2 Year-2.46%
3 Year11.22%
5 Year56.58%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%5.56%
ATR Inc-33.63%
Range Today0.04
ADR(20)0.07
ADR(20)%5.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.4
Mansfield1.38
10 Day High1.25
10 Day Low1.07
20 Day High1.25
20 Day Low0.91
52 Week High1.45
52 Week Low0.57
CS1 End0.97
CR1 Start1.22
Volume & EV
DER(3)9.55%
DER(5)8.2%
Volume211.20K
Volume Incr-23.72%
Vol(5)233.64K
Vol(50)219.25K