KANDI TECHNOLOGIES GROUP INC. - Daily - Technical analysis published on 01/07/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
33%
22%
44%
My opinion
Bearish under 7.88 USD
My targets
7.23 USD (-4.33%)
6.64 USD (-12.17%)
My analysis
In the short term, we can see an acceleration in the bearish trend on KANDI TECHNOLOGIES GROUP INC., which is a positive signal for sellers. As long as the price remains above 7.88 USD, a sale could be considered. The first bearish objective is located at 7.23 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 6.64 USD as an objective. Crossing it would then enable sellers to target 3.56 USD. If the price were to return above 7.88 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
2.9
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This analysis was given by sergio ronconi. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The KANDI TECHNOLOGIES GROUP INC. rating is 7.56 USD. The price registered an increase of +3.85% on the session with the lowest point at 7.50 USD and the highest point at 8.10 USD. The deviation from the price is +0.80% for the low point and -6.67% for the high point.7.50
8.10
7.56
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Daily chart of KANDI TECHNOLOGIES GROUP INC. indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 8 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.25 | 3.56 | 6.64 | 7.56 | 7.88 | 9.08 | 10.19 |
| Change (%) | -70.24% | -52.91% | -12.17% | - | +4.23% | +20.11% | +34.79% |
| Change | -5.31 | -4.00 | -0.92 | - | +0.32 | +1.52 | +2.63 |
| Level | Intermediate | Major | Major | - | Intermediate | Major | Major |
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 | 6.61 | 6.90 | 7.09 | 7.39 | 7.58 | 7.87 | 8.06 |
| Camarilla | 7.15 | 7.19 | 7.24 | 7.28 | 7.32 | 7.37 | 7.41 |
| Woodie | 6.55 | 6.88 | 7.04 | 7.36 | 7.52 | 7.85 | 8.01 |
| Fibonacci | 6.90 | 7.09 | 7.20 | 7.39 | 7.57 | 7.69 | 7.87 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.15 | 5.95 | 6.43 | 7.23 | 7.71 | 8.51 | 8.99 |
| Camarilla | 6.55 | 6.67 | 6.78 | 6.90 | 7.02 | 7.14 | 7.25 |
| Woodie | 4.98 | 5.87 | 6.26 | 7.15 | 7.54 | 8.43 | 8.82 |
| Fibonacci | 5.95 | 6.44 | 6.74 | 7.23 | 7.72 | 8.02 | 8.51 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.60 | 4.68 | 5.79 | 7.87 | 8.98 | 11.06 | 12.17 |
| Camarilla | 6.02 | 6.32 | 6.61 | 6.90 | 7.19 | 7.49 | 7.78 |
| Woodie | 2.12 | 4.44 | 5.31 | 7.63 | 8.50 | 10.82 | 11.69 |
| Fibonacci | 4.68 | 5.90 | 6.65 | 7.87 | 9.09 | 9.84 | 11.06 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.67 | |
| MACD (12,26,9): | -0.4400 | |
| Directional Movement: | 6.86 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 7.18 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.69 | |
| Elder Ray (13): | 0.29 | |
| Super Trend (3,10): | 9.45 | |
| Zig ZAG (10): | 7.63 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 34.64 | |
| TEMA (21): | 6.83 | |
| Williams %R (14): | -52.25 | |
| Chande Momentum Oscillator (20): | -0.50 | |
| Repulse (5,40,3): | -5.4700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.8600 | |
| Courbe Coppock: | 22.20 |
| MA7: | 7.26 | |
| MA20: | 7.68 | |
| MA50: | 8.54 | |
| MA100: | 7.69 | |
| MAexp7: | 7.36 | |
| MAexp20: | 7.75 | |
| MAexp50: | 8.07 | |
| MAexp100: | 7.59 | |
| Price / MA7: | +4.13% | |
| Price / MA20: | -1.56% | |
| Price / MA50: | -11.48% | |
| Price / MA100: | -1.69% | |
| Price / MAexp7: | +2.72% | |
| Price / MAexp20: | -2.45% | |
| Price / MAexp50: | -6.32% | |
| Price / MAexp100: | -0.40% |
Quotes :
2021-01-07 19:59:55
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15 min delayed data
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NASDAQ Stocks
News
The last news published on KANDI TECHNOLOGIES GROUP INC. at the time of the generation of this analysis was as follows:
- KNDI INVESTOR ALERT: Bernstein Liebhard is Investigating Kandi Technologies Group Inc., for Violations of the Federal Securities Laws
- Kandi Technologies to Present at The LD 500 Virtual Conference
- Kandi Technologies Reports Third Quarter 2019 Financial Results
- Kandi Announces Successful Inspection of First Automatic Intelligent Battery Exchange System
- Kandi Technologies Announces It Will Report Third Quarter 2019 Financial Results and Hold a Conference Call on November 12, 2019
This member declared not having a position on this financial instrument or a related financial instrument.
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