Technical Analysis for CNEY - CN Energy Group Inc.

Grade Last Price % Change Price Change
F 0.67 -0.70% 0.00
CNEY closed down 0.7 percent on Friday, May 17, 2024, on 87 percent of normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
Shooting Star Candlestick Bearish 0.00%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
Stochastic Reached Oversold Weakness 0.00%
Down 3 Days in a Row Weakness 0.00%
Oversold Stochastic Weakness 0.00%
New 52 Week Closing Low Bearish -0.70%
Lower Bollinger Band Walk Weakness -0.70%
BB Squeeze Ended Range Expansion -0.70%
Oversold Stochastic Weakness -0.70%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakout 3 days ago
Rose Above Previous Day's High 3 days ago
Up 5% 3 days ago
Up 3% 3 days ago
Up 2% 3 days ago

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Profile

CN Energy Group. Inc. manufactures and supplies wood-based activated carbon in China. Its product is primarily used in pharmaceutical and industrial manufacturing, water purification, environmental protection, and food and beverage production markets. The company also serves activated carbon wholesalers and companies engaging in the activated carbon deep processing business. In addition, it produces and supplies biomass electricity generated in the process of producing activated carbon to State Grid Heilongjiang Electric Power Company Limited. The company was founded in 2018 and is headquartered in Hangzhou, China.
Classification

Sector: Basic Materials
Industry: Specialty Chemicals
Keywords: Chemical Elements Biomass Filter Charcoal Excipients Allotropes Of Carbon

Is CNEY 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 8.04
52 Week Low 0.628
Average Volume 122,701
200-Day Moving Average 2.43
50-Day Moving Average 0.94
20-Day Moving Average 0.75
10-Day Moving Average 0.73
Average True Range 0.09
RSI (14) 37.50
ADX 12.46
+DI 14.44
-DI 21.36
Chandelier Exit (Long, 3 ATRs) 0.62
Chandelier Exit (Short, 3 ATRs) 0.89
Upper Bollinger Bands 0.85
Lower Bollinger Band 0.64
Percent B (%b) 0.1
BandWidth 28.17
MACD Line -0.08
MACD Signal Line -0.08
MACD Histogram 0.0034
Fundamentals Value
Market Cap 1.25 Million
Num Shares 1.88 Million
EPS -1.20
Price-to-Earnings (P/E) Ratio -0.55
Price-to-Sales 0.12
Price-to-Book 0.03
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.75
Resistance 3 (R3) 0.76 0.74 0.73
Resistance 2 (R2) 0.74 0.72 0.73 0.73
Resistance 1 (R1) 0.70 0.70 0.69 0.69 0.72
Pivot Point 0.68 0.68 0.68 0.68 0.68
Support 1 (S1) 0.65 0.66 0.64 0.64 0.61
Support 2 (S2) 0.63 0.65 0.62 0.60
Support 3 (S3) 0.59 0.63 0.60
Support 4 (S4) 0.58