CBAK ENERGY TECHNOLOGY INC. - Weekly - Technical analysis published on 11/13/2024 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 1.1230 USD
My targets
0.9470 USD (-3.37%)
0.8430 USD (-13.98%)
My analysis
In the short term, we can see an acceleration in the bearish trend on CBAK ENERGY TECHNOLOGY INC., which is a positive signal for sellers. As long as the price remains above 1.1230 USD, a sale could be considered. The first bearish objective is located at 0.9470 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.8430 USD as an objective. Crossing it would then enable sellers to target 0.6670 USD. If the price were to return above 1.1230 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
6.1
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This analysis was given by Qaisali123. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CBAK ENERGY TECHNOLOGY INC. rating is 0.9800 USD. Over 5 days, this instrument lost -9.26% with the lowest point at 0.9600 USD and the highest point at 1.0700 USD. The deviation from the price is +2.08% for the low point and -8.41% for the high point.0.9600
1.0700
0.9800
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CBAK ENERGY TECHNOLOGY INC.:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Weekly of this CBAK ENERGY TECHNOLOGY INC. chart shows a bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : Weekly
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Weekly
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Weekly
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 0.9800 | 1.3900 | 3.4100 | 4.5600 |
| Change (%) | - | +41.84% | +247.96% | +365.31% |
| Change | - | +0.4100 | +2.4300 | +3.5800 |
| Level | - | Major | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8400 | 0.9000 | 0.9400 | 1.0000 | 1.0400 | 1.1000 | 1.1400 |
| Camarilla | 0.9530 | 0.9620 | 0.9710 | 0.9800 | 0.9890 | 0.9980 | 1.0080 |
| Woodie | 0.8300 | 0.8950 | 0.9300 | 0.9950 | 1.0300 | 1.0950 | 1.1300 |
| Fibonacci | 0.9000 | 0.9380 | 0.9620 | 1.0000 | 1.0380 | 1.0620 | 1.1000 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9300 | 0.9900 | 1.0300 | 1.0900 | 1.1300 | 1.1900 | 1.2300 |
| Camarilla | 1.0430 | 1.0520 | 1.0610 | 1.0700 | 1.0790 | 1.0880 | 1.0980 |
| Woodie | 0.9200 | 0.9850 | 1.0200 | 1.0850 | 1.1200 | 1.1850 | 1.2200 |
| Fibonacci | 0.9900 | 1.0280 | 1.0520 | 1.0900 | 1.1280 | 1.1520 | 1.1900 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6670 | 0.8430 | 0.9470 | 1.1230 | 1.2270 | 1.4030 | 1.5070 |
| Camarilla | 0.9730 | 0.9990 | 1.0240 | 1.0500 | 1.0760 | 1.1010 | 1.1270 |
| Woodie | 0.6300 | 0.8250 | 0.9100 | 1.1050 | 1.1900 | 1.3850 | 1.4700 |
| Fibonacci | 0.8430 | 0.9500 | 1.0160 | 1.1230 | 1.2300 | 1.2960 | 1.4030 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 43.06 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | 1.3300 | |
| AROON (14): | 57.1500 | |
| DEMA (21): | 1.0700 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9200 | |
| Elder Ray (13): | -0.0650 | |
| Super Trend (3,10): | 1.4900 | |
| Zig ZAG (10): | 0.9700 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 34.09 | |
| TEMA (21): | 1.0200 | |
| Williams %R (14): | -77.05 | |
| Chande Momentum Oscillator (20): | -0.1000 | |
| Repulse (5,40,3): | -17.6100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2800 | |
| Courbe Coppock: | 19.43 |
| MA7: | 1.0700 | |
| MA20: | 1.0800 | |
| MA50: | 1.0600 | |
| MA100: | 1.1300 | |
| MAexp7: | 1.0600 | |
| MAexp20: | 1.1000 | |
| MAexp50: | 1.1100 | |
| MAexp100: | 1.1800 | |
| Price / MA7: | -8.41% | |
| Price / MA20: | -9.26% | |
| Price / MA50: | -7.55% | |
| Price / MA100: | -13.27% | |
| Price / MAexp7: | -7.55% | |
| Price / MAexp20: | -10.91% | |
| Price / MAexp50: | -11.71% | |
| Price / MAexp100: | -16.95% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on CBAK ENERGY TECHNOLOGY INC. at the time of the analysis were as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
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