Technical Analysis for CBAT - CBAK Energy Technology, Inc.

Grade Last Price % Change Price Change
B 1.06 2.91% 0.03
CBAT closed down 1.9 percent on Thursday, April 25, 2024, on 27 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. It was able to find support at its 50 day moving average. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
Earnings due: May 8
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
50 DMA Support Bullish 2.91%
NR7 Range Contraction 2.91%
Narrow Range Bar Range Contraction 2.91%
Stochastic Reached Overbought Strength 2.91%
Inside Day Range Contraction 2.91%
Overbought Stochastic Strength 2.91%
Gapped Down Weakness 2.91%
Crossed Above 50 DMA Bullish 0.95%
Pocket Pivot Bullish Swing Setup 0.95%
Up 3 Days in a Row Strength 0.95%

   Recent Intraday Alerts

Alert Time
Up 2% about 2 hours ago
60 Minute Opening Range Breakout about 3 hours ago
Rose Above Previous Day's High about 3 hours ago
Up 1% about 3 hours ago
50 DMA Support about 4 hours ago

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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 1.45
52 Week Low 0.7402
Average Volume 133,117
200-Day Moving Average 0.98
50-Day Moving Average 1.02
20-Day Moving Average 0.98
10-Day Moving Average 0.97
Average True Range 0.07
RSI (14) 55.16
ADX 17.13
+DI 16.56
-DI 11.99
Chandelier Exit (Long, 3 ATRs) 0.87
Chandelier Exit (Short, 3 ATRs) 1.03
Upper Bollinger Bands 1.09
Lower Bollinger Band 0.87
Percent B (%b) 0.75
BandWidth 22.54
MACD Line -0.01
MACD Signal Line -0.02
MACD Histogram 0.0128
Fundamentals Value
Market Cap 92.17 Million
Num Shares 89.5 Million
EPS -0.09
Price-to-Earnings (P/E) Ratio -11.44
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) 1.08
Resistance 3 (R3) 1.07 1.06 1.07
Resistance 2 (R2) 1.06 1.05 1.06 1.06
Resistance 1 (R1) 1.04 1.04 1.05 1.05 1.06
Pivot Point 1.03 1.03 1.03 1.03 1.03
Support 1 (S1) 1.01 1.02 1.02 1.02 1.00
Support 2 (S2) 1.00 1.01 1.00 1.00
Support 3 (S3) 0.98 1.00 0.99
Support 4 (S4) 0.99