SUNRISE NEW ENERGY CO. LTD-A (EPOW) Stock Technical Analysis
USA - NASDAQ:EPOW - KYG3932F1063 - Common Stock
We assign a technical rating of 7 out of 10 to EPOW. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
EPOW has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 1.10, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for EPOW in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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3 important support areas can be observed.
- A support zone ranging from 1.08 to 1.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.02 to 1.02. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @0.89 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @1.15 from a trend line in the daily time frame.
- Resistance @1.22 from a trend line in the daily time frame.
- Resistance @1.25 from a horizontal line 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 | UP | POSITIVE | The long term trend for EPOW is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EPOW is neutral. |
| ChartMill Relative Strength | 86.87 | POSITIVE | EPOW has a high relative strength, it outperformed 86.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of EPOW is above a declining 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) | 48.91 | NEUTRAL | The RSI value for EPOW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests EPOW has a negative trend. |
| Stochastics (14,3) | 62.88 | NEUTRAL | The Stochastics value for EPOW is a neutral value. |
| Average True Range in percent/ATR (20) | 8.08 | HIGH VOLATILITY | The high ATR as a percentage value for EPOW suggests high volalility. |
| Average Directional Index/ADX (14) | 36.93 | POSITIVE | The high ADX value value for EPOW suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.16 | 1.07 | 0.09 (7.76%) | 12.89% |
| An entry @1.16. This is a Buy Stop order right above the resistance zone. | An exit @1.07. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.09 points, which is 7.76%. | For a 1.00% total portfolio risk, you can invest 12.89% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of EPOW. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
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SUNRISE NEW ENERGY CO. LTD-A / EPOW FAQ
What is the technical rating for EPOW stock?
ChartMill assigns a technical rating of 7 / 10 to EPOW.
Can you provide the trend direction for SUNRISE NEW ENERGY CO. LTD-A?
The current trend direction for SUNRISE NEW ENERGY CO. LTD-A (EPOW) is Bullish.
What is the RSI signal for EPOW stock?
SUNRISE NEW ENERGY CO. LTD-A (EPOW) has an RSI value of 48.9058. This indicates that the stock is currently neutral.
What is the MACD signal for SUNRISE NEW ENERGY CO. LTD-A (EPOW) stock?
The MACD indicator for SUNRISE NEW ENERGY CO. LTD-A (EPOW) has a value of -0.00377319, indicating a bearish trend.
What are the support and resistance levels for SUNRISE NEW ENERGY CO. LTD-A (EPOW) stock?
SUNRISE NEW ENERGY CO. LTD-A (EPOW) has a support level at 1.1 and a resistance level at 1.15. Check the full technical report for our detailed analysis of EPOW support and resistance levels.