China Xd Plastics Company (CXDC) Stock Technical Analysis
NASDAQ:CXDC
We assign a technical rating of 8 out of 10 to CXDC. In the last year, CXDC was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- CXDC has an average volume of 5459430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, CXDC did better than 88% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- CXDC is part of the Automobile Components industry. There are 42 other stocks in this industry, CXDC did better than 63% of them.
- CXDC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CXDC is lagging the market.
- In the last month CXDC has a been trading in the 0.40 - 1.72 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although CXDC has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.41
We found 1 important support area.
- Support @0.41 from a horizontal line in the daily time frame.
5 important resistance areas can be observed.
- Resistance @0.94 from a horizontal line in the daily time frame.
- Resistance @0.96 from a trend line in the daily time frame.
- Resistance @1.01 from a trend line in the daily time frame.
- Resistance @1.07 from a horizontal line in the daily time frame.
- Resistance @1.18 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 | NEUTRAL | NEUTRAL | The long term trend for CXDC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CXDC is up. |
| ChartMill Relative Strength | 88.65 | POSITIVE | CXDC has a high relative strength, it outperformed 88.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CXDC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CXDC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CXDC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 80.11 | OVERBOUGHT | The high RSI value suggests CXDC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests CXDC has a positive trend. |
| Stochastics (14,3) | 49.18 | NEUTRAL | The Stochastics value for CXDC is a neutral value. |
| Average True Range in percent/ATR (20) | 11.67 | HIGH VOLATILITY | The high ATR as a percentage value for CXDC suggests high volalility. |
0.9099
-0.02 (-2.16%)
China Xd Plastics Company / CXDC FAQ
Can you provide the ChartMill technical rating for China Xd Plastics Company?
ChartMill assigns a technical rating of 7 / 10 to CXDC.
What is the current trend direction of China Xd Plastics Company (CXDC) stock?
The current trend direction for China Xd Plastics Company (CXDC) is Bearish.
Can you provide the RSI signal for China Xd Plastics Company?
China Xd Plastics Company (CXDC) has an RSI value of 80.1128. This indicates that the stock is currently overbought.
What is the MACD signal for China Xd Plastics Company (CXDC) stock?
The MACD indicator for China Xd Plastics Company (CXDC) has a value of 0.0554772, indicating a bearish trend.
What is the support and resistance level for CXDC stock?
China Xd Plastics Company (CXDC) has a support level at 0.41 and a resistance level at 0.94. Check the full technical report for our detailed analysis of CXDC support and resistance levels.