Taking everything into account, CENN scores 0 out of 10 in our technical rating. 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.
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.
More info and screens
0.13
When analyzing the resistance we notice 3 important areas.
- Resistance @0.14 from a trend line in the daily time frame.
- A resistance zone ranging from 0.15 to 0.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.16 to 0.16. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 0.93 | NEGATIVE | CENN has a low relative strength, it was outperformed by 99.07% 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) | 35.95 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 11.07 | OVERSOLD | The low Stochastics value suggests CENN may be oversold. |
| Average True Range in percent/ATR (20) | 10.37 | HIGH VOLATILITY | The high ATR as a percentage value for CENN suggests high volalility. |
| Average Directional Index/ADX (14) | 14.58 | NEGATIVE | The low ADX value for CENN suggests a weak or negative trend. |
0.1361
0 (-2.79%)
CENNTRO INC / CENN FAQ
What is the ChartMill technical rating of CENNTRO INC (CENN) stock?
ChartMill assigns a technical rating of 0 / 10 to CENN.
What is the current trend direction of CENNTRO INC (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 35.9461. This indicates that the stock is currently neutral.
What is the short term momentum for CENN stock?
The short term momentum for CENNTRO INC (CENN) is negative.
What are the support and resistance levels for CENNTRO INC (CENN) stock?
CENNTRO INC (CENN) has a resistance level at 0.14. Check the full technical report for our detailed analysis of CENN support and resistance levels.