KANDI TECHNOLOGIES GROUP INC (KNDI) Stock Technical Analysis
NASDAQ:KNDI • VGG5214E1034
Taking everything into account, KNDI scores 2 out of 10 in our technical rating. KNDI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, KNDI is a bad performer in the overall market: 78% of all stocks are doing better.
- KNDI is one of the lesser performing stocks in the Automobile Components industry. 70% of 41 stocks in the same industry do better.
- KNDI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month KNDI has a been trading in the 0.93 - 1.20 range, which is quite wide. It is currently trading near the lows of this range.
- Considerably lower volume is observed in the last couple of days.
KNDI has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for KNDI 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.
More info and screens
0.92
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.97 to 0.98. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 0.93 to 0.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 6 important resistance areas.
- Resistance @1.07 from a trend line in the daily time frame.
- A resistance zone ranging from 1.09 to 1.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 1.12 to 1.13. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @1.18 from a trend line in the weekly time frame.
- Resistance @1.31 from a trend line in the weekly time frame.
- Resistance @1.58 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 | DOWN | NEGATIVE | The long term trend for KNDI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for KNDI is neutral. |
| ChartMill Relative Strength | 22.9 | NEGATIVE | KNDI has a low relative strength, it was outperformed by 77.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of KNDI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of KNDI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of KNDI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.5 | NEUTRAL | The RSI value for KNDI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests KNDI has a negative trend. |
| Stochastics (14,3) | 37 | NEUTRAL | The Stochastics value for KNDI is a neutral value. |
| Average True Range in percent/ATR (20) | 6.21 | HIGH VOLATILITY | The high ATR as a percentage value for KNDI suggests high volalility. |
| Average Directional Index/ADX (14) | 26.13 | POSITIVE | The high ADX value value for KNDI suggests a strong trend. |
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-0.01 (-0.99%)
KANDI TECHNOLOGIES GROUP INC / KNDI FAQ
Can you provide the ChartMill technical rating for KANDI TECHNOLOGIES GROUP INC?
ChartMill assigns a technical rating of 2 / 10 to KNDI.
What is the current trend direction of KANDI TECHNOLOGIES GROUP INC (KNDI) stock?
The current trend direction for KANDI TECHNOLOGIES GROUP INC (KNDI) is Bearish.
What is the RSI signal for KNDI stock?
KANDI TECHNOLOGIES GROUP INC (KNDI) has an RSI value of 48.501. This indicates that the stock is currently neutral.
Can you provide the MACD signal for KANDI TECHNOLOGIES GROUP INC?
The MACD indicator for KANDI TECHNOLOGIES GROUP INC (KNDI) has a value of -0.00587391, indicating a bearish trend.
Can you provide the support and resistance levels for KANDI TECHNOLOGIES GROUP INC?
KANDI TECHNOLOGIES GROUP INC (KNDI) has a support level at 0.98 and a resistance level at 1.07. Check the full technical report for our detailed analysis of KNDI support and resistance levels.