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Stock Trend Analysis Report

Prepared for you on Thursday, April 18, 2024.

CBAK Energy Technology, Inc. (NASDAQ:CBAT)

Countertrend Down (-85) - CBAT is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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.

Open High Low CBAT Price Change
0.9300 0.9900 0.9200 0.9220 -0.0281
Entry Signal

MarketClub’s Trade Triangles for CBAT

long term down The long-term trend has been DOWN since Apr 8th, 2024 at 0.93

intermediate term down The intermediate-term trend has been DOWN since Apr 4th, 2024 at 1.01

short term up The short-term trend has been UP since Apr 12th, 2024 at 0.98

Smart Scan Analysis for CBAT

Based on our trend formula, CBAT is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for CBAT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9300 0.9900 0.9200 0.9220 -0.0281
Prev. Close Volume Bid Ask Time
0.9220 103331 2024-04-17 15:59:13
52wk High1.4552wk High Date2024-01-10
52wk Low0.740252wk Low Date2023-05-05
Average Volume117,237Shares Outstanding89,919
Market Cap28MAssets281,155,260M
Liabilities168,330,955MP/E Ratio8.2727
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