Technical Analysis for CBAT - CBAK Energy Technology, Inc.

Grade Last Price % Change Price Change
B 1.64 5.81% 0.09
CBAT closed up 5.81 percent on Friday, May 31, 2024, on 2.27 times normal volume. The bulls were able to push the stock to a new 52-week high. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
New 52 Week High Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Wide Bands Range Expansion 0.00%
Above Upper BB Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Up 4 Days in a Row Strength 0.00%
Up 5 Days in a Row Strength 0.00%

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Profile

CBAK Energy Technology, Inc., through its subsidiaries, develops, manufactures, and sells lithium batteries in Mainland China, the United States, Europe, Taiwan, Israel, and internationally. Its products are used in various applications, including electric vehicles, such as electric cars, electric buses, and hybrid electric cars and buses; light electric vehicles that include electric bicycles, electric motors, and sight-seeing cars; and electric tools, energy storage, uninterruptible power supply, and other high power applications, as well as cordless power tools. The company was formerly known as China BAK Battery, Inc. and changed its name to CBAK Energy Technology, Inc. in January 2017. CBAK Energy Technology, Inc. was founded in 1999 and is based in Dalian, China.
Classification

Sector: Technology
Industry: Electronic Components
Keywords: Transport Electric Vehicle Batteries Lithium Energy Storage Sustainable Technologies Sustainable Transport Energy Technology Battery Electric Vehicle Power Supply Vehicles Green Vehicles Electric Vehicle Industry Electric Motors Power Applications Power Tools Uninterruptible Power Supply Electric Bicycle Electric Bus Electric Car Hybrid Electric Vehicle

Is CBAT a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 1.65
52 Week Low 0.76
Average Volume 183,189
200-Day Moving Average 0.98
50-Day Moving Average 1.11
20-Day Moving Average 1.27
10-Day Moving Average 1.38
Average True Range 0.11
RSI (14) 74.62
ADX 39.05
+DI 33.40
-DI 8.83
Chandelier Exit (Long, 3 ATRs) 1.32
Chandelier Exit (Short, 3 ATRs) 1.38
Upper Bollinger Bands 1.58
Lower Bollinger Band 0.96
Percent B (%b) 1.1
BandWidth 48.37
MACD Line 0.12
MACD Signal Line 0.08
MACD Histogram 0.034
Fundamentals Value
Market Cap 146.76 Million
Num Shares 89.5 Million
EPS -0.09
Price-to-Earnings (P/E) Ratio -18.22
Price-to-Sales 0.43
Price-to-Book 0.75
PEG Ratio 0.00
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1.85
Resistance 3 (R3) 1.83 1.74 1.82
Resistance 2 (R2) 1.74 1.69 1.75 1.80
Resistance 1 (R1) 1.69 1.65 1.72 1.71 1.79
Pivot Point 1.60 1.60 1.61 1.61 1.60
Support 1 (S1) 1.55 1.55 1.58 1.57 1.49
Support 2 (S2) 1.46 1.51 1.47 1.48
Support 3 (S3) 1.41 1.46 1.47
Support 4 (S4) 1.43