EPOW Technical Analysis - SUNRISE NEW ENERGY CO. LTD-A

Technical Rating and Analysis

We assign a technical rating of 5 out of 10 to EPOW. In the last year, EPOW was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.

In the last month EPOW has a been trading in the 0.82 - 1.86 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.

EPOW is part of the Professional Services industry. There are 86 other stocks in this industry. EPOW outperforms 80% of them.

EPOW has an average volume of 2311600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

Looking at the yearly performance, EPOW did better than 71% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

EPOW is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EPOW is lagging the market.

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

SUNRISE NEW ENERGY CO. LTD-A / EPOW Weekly stock chart

SUNRISE NEW ENERGY CO. LTD-A / EPOW Daily stock chart

Setup Rating and Analysis

EPOW has an average technical rating and also the quality of the setup is only medium 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

0.87

1.41

We found 2 important support areas.

A support zone ranging from 1.02 to 1.03. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @0.88 from a trend line in the weekly time frame.

When analyzing the resistance we notice one important area.

Resistance @1.40 from a horizontal line in the daily time frame.

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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	NEUTRAL	NEUTRAL	The long term trend for EPOW is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for EPOW is down.
ChartMill Relative Strength	71.46	POSITIVE	EPOW has a high relative strength, it outperformed 71.46% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of EPOW is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of EPOW is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of EPOW is above the rising SMA(200).
Relative Strength Index/RSI (14)	45.85	NEUTRAL	The RSI value for EPOW is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.04	NEGATIVE	The MACD value suggests EPOW has a negative trend.
Stochastics (14,3)	11.13	OVERSOLD	The low Stochastics value suggests EPOW may be oversold.
Average True Range in percent/ATR (20)	22.36	HIGH VOLATILITY	The high ATR as a percentage value for EPOW suggests high volalility.
Average Directional Index/ADX (14)	55.18	POSITIVE	The high ADX value value for EPOW suggests a strong trend.