CBAK ENERGY TECHNOLOGY INC (CBAT) Stock Technical Analysis
USA - NASDAQ:CBAT - US14986C1027 - Common Stock
0.872 USD
-0.01 (-0.74%)
0.8752 USD
+0 (+0.37%)
Overall CBAT gets a technical rating of 0 out of 10. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
90% of all other stocks performed better in the past year than CBAT.
CBAT is one of the lesser performing stocks in the Electrical Equipment industry. 73% of 92 stocks in the same industry do better.
In the last month CBAT has a been trading in the 0.85 - 1.03 range, which is quite wide. It is currently trading near the lows of this range.
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.
Volume is considerably higher in the last couple of days.
CBAT has a bad technical rating, but it does show a decent setup pattern. 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.
More info and screens
0.85
1.23
We found 1 important support 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.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 0.89 to 0.90. 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 0.92 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 0.95 to 0.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.09 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 | 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 | 10.41 | NEGATIVE | CBAT has a low relative strength, it was outperformed by 89.59% 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) | 35.73 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 19.53 | OVERSOLD | The low Stochastics value suggests CBAT may be oversold. |
| 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) | 18.09 | NEGATIVE | The low ADX value for CBAT suggests a weak or negative 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)
0.872
-0.01 (-0.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-0.74%
1 Week-3%
2 Weeks-4.5%
1 Month-16.95%
3 Month-24.17%
6 Month6.3%
12 Month-13.66%
2 Year6.47%
3 Year-24.17%
5 Year-56.83%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%5.56%
ATR Inc44.9%
Range Today0.05
ADR(20)0.05
ADR(20)%5.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.41
Mansfield-1.67
10 Day High0.94
10 Day Low0.85
20 Day High1.03
20 Day Low0.85
52 Week High1.3
52 Week Low0.57
CS1 End0.86
CR1 Start0.89
Volume & EV
DER(3)-3.02%
DER(5)0.98%
Volume408.60K
Volume Incr65.69%
Vol(5)260.68K
Vol(50)186.62K