CENN Technical Analysis - CENNTRO INC

Technical Rating and Analysis

Taking everything into account, CENN scores 0 out of 10 in our technical rating. CENN'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.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

100% of all other stocks performed better in the past year than CENN.

CENN is part of the Automobiles industry. There are 36 other stocks in this industry, of which 80% are performing better than CENN.

CENN is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.

In the last month CENN has a been trading in the 0.19 - 0.66 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

CENN has an average volume of 3222770 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of CENN 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.20

0.21

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Technical Indicator Signal Analysis

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	0.83	NEGATIVE	CENN has a low relative strength, it was outperformed by 99.17% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of CENN is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of CENN is below 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)	17.64	OVERSOLD	The low RSI value suggests CENN may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.03	NEGATIVE	The MACD value suggests CENN has a negative trend, although the MACD value is rising.
Stochastics (14,3)	2.16	OVERSOLD	The low Stochastics value suggests CENN may be oversold.
Average True Range in percent/ATR (20)	26.31	HIGH VOLATILITY	The high ATR as a percentage value for CENN suggests high volalility.
Average Directional Index/ADX (14)	38.71	POSITIVE	The high ADX value value for CENN suggests a strong trend.