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Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
CBAK Energy Technology, Inc. (NASDAQ:CBAT)
Sidelines Mode (-55) - CBAT is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid CBAT?
MarketClub looks at technical strength and momentum to determine if the timing is right for CBAT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CBAT
The long-term trend has been DOWN since Apr 8th, 2024 at 0.93
The intermediate-term trend has been UP since Apr 24th, 2024 at 1.06
The short-term trend has been DOWN since May 7th, 2024 at 1.07
Smart Scan Analysis for CBAT
Based on our trend formula, CBAT is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.080 | 1.140 | 1.080 | 1.115 | +0.025 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.115 | 50064 | 2024-05-08 15:57:55 |
| 52wk High | 1.45 | 52wk High Date | 2024-01-10 |
| 52wk Low | 0.75 | 52wk Low Date | 2023-05-15 |
| Average Volume | 103,082 | Shares Outstanding | 89,919 |
| Market Cap | 28M | Assets | 281,155,260M |
| Liabilities | 168,330,955M | P/E Ratio | 8.2727 |