CJET Technical Analysis - CHIJET MOTOR CO INC

Technical Rating and Analysis

Overall CJET gets a technical rating of 1 out of 10. CJET 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.

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

CJET is one of the lesser performing stocks in the Automobiles industry. 86% of 37 stocks in the same industry do better.

CJET 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.

In the last month CJET has a been trading in the 0.11 - 0.51 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.

CJET has an average volume of 80795400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

CHIJET MOTOR CO INC / CJET Weekly stock chart

CHIJET MOTOR CO INC / CJET Daily stock chart

Setup Rating and Analysis

CJET has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.10

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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 CJET is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for CJET is down.
ChartMill Relative Strength	0.06	NEGATIVE	CJET has a low relative strength, it was outperformed by 99.94% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of CJET is below the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of CJET is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of CJET is below a declining SMA(200).
Relative Strength Index/RSI (14)	28.42	OVERSOLD	The low RSI value suggests CJET may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.04	POSITIVE	The MACD value suggests CJET has a positive trend, although the MACD value is declining.
Stochastics (14,3)	0.66	OVERSOLD	The low Stochastics value suggests CJET may be oversold.
Average True Range in percent/ATR (20)	50.09	HIGH VOLATILITY	The high ATR as a percentage value for CJET suggests high volalility.
Average Directional Index/ADX (14)	20.86	NEUTRAL	The ADX value for CJET suggests a possible start of a new trend.