We assign a technical rating of 1 out of 10 to CENN. CENN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, CENN is a bad performer in the overall market: 96% of all stocks are doing better.
- CENN is one of the lesser performing stocks in the Automobiles industry. 67% of 35 stocks in the same industry do better.
- CENN is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- CENN has an average volume of 2437520 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month CENN has a been trading in the 0.13 - 0.17 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, CENN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
0.16
When analyzing the resistance we notice one important area.
- Resistance @0.31 from a trend line 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 | DOWN | NEGATIVE | The long term trend for CENN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CENN is down. |
| ChartMill Relative Strength | 4.27 | NEGATIVE | CENN has a low relative strength, it was outperformed by 95.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CENN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CENN is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CENN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.71 | NEUTRAL | The RSI value for CENN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CENN has a positive trend. |
| Stochastics (14,3) | 64.19 | NEUTRAL | The Stochastics value for CENN is a neutral value. |
| Average True Range in percent/ATR (20) | 7.04 | HIGH VOLATILITY | The high ATR as a percentage value for CENN suggests high volalility. |
| Average Directional Index/ADX (14) | 11.8 | NEGATIVE | The low ADX value for CENN suggests a weak or negative trend. |
0.1585
+0.01 (+3.73%)
CENNTRO INC / CENN FAQ
What is the ChartMill technical rating of CENNTRO INC (CENN) stock?
ChartMill assigns a technical rating of 1 / 10 to CENN.
What is the trend direction for CENN stock?
The current trend direction for CENNTRO INC (CENN) is Bearish.
What is the RSI signal for CENNTRO INC (CENN) stock?
CENNTRO INC (CENN) has an RSI value of 50.7142. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CENNTRO INC?
The short term momentum for CENNTRO INC (CENN) is negative.
What is the buy/sell signal for CENN stock?
The buy/sell signal for CENNTRO INC (CENN) is sell as both the short term and long term trends are negative.