Stock Trend Analysis Report
Prepared for you on Friday, January 28, 2022.
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.
MarketClub’s Trade Triangles for CBAT
The long-term trend has been DOWN since Mar 5th, 2021 at 4.29
The intermediate-term trend has been DOWN since Nov 18th, 2021 at 2.04
The short-term trend has been UP since Jan 26th, 2022 at 1.21
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).
|52wk High||9.59||52wk High Date||2021-02-19|
|52wk Low||0.9926||52wk Low Date||2022-01-24|
|Average Volume||1,142,383||Shares Outstanding||88,705|