Stock Trend Analysis Report
Prepared for you on Sunday, February 16, 2020.
CBAK Energy Technology, Inc. - Common Stock (NASDAQ:CBAT)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for CBAT
The long term trend has been UP since Dec 3rd, 2019 at 0.9600
The intermediate term trend has been DOWN since Jan 7th, 2020 at 1.0500
The short term trend has been DOWN since Feb 5th, 2020 at 0.6735
Smart Scan Analysis for CBAT
Based on a pre-defined weighted trend formula for chart analysis, CBAT scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1.23||52wk High Date||2019-02-14|
|52wk Low||0.402||52wk Low Date||2019-11-20|
|Average Volume||100,605||Shares Outstanding||52,775|