CAAS NEWS why is China Automotive Systems, Inc. price falling or rising

CAAS NEWS reasons for why stock price of China Automotive Systems, Inc. is falling or rising

CAAS China Automotive is falling or rising technical reasons

Technical analysis forecast of China Automotive Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in China Automotive CAAS at this time. Stock is rising and might rise more.

It appears as if China Automotive CAAS gave a large move recently.

Stock of China Automotive (CAAS) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of China Automotive is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 4.5 as stoploss in an intra day sell trade for a target of 4.35. However, stock will show a bullish move above 4.5.

CAAS China Automotive is falling or rising NEWS fundamental reasons

More announcements and NEWS

CAAS China Automotive Systems, Inc. current price & indicator signals

Moving Averages for China Automotive Systems, Inc.

  • 5Day Average: 4.51
  • 12Day Average: 4.37
  • 20Day Average: 4.35
  • 50Day Average: 4.03
  • 100Day Average: 3.9
  • 150Day Average: 3.83
  • 200Day Average: 3.71

CAAS Indicators & signals

Indicator MACD (12,26,9)

4.42, 4.3, 0.11
Indicator MACD is in positive zone

Indicator ADX (14)

0, 30.43, 30.43
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 56
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of CAAS China Automotive Systems, Inc. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
04 Mon Nov 2024 4.46 4.42 to 4.64 -3.88% 0.69 times
01 Fri Nov 2024 4.64 4.48 to 4.71 2.2% 1.25 times
31 Thu Oct 2024 4.54 4.30 to 4.60 3.18% 1.12 times
30 Wed Oct 2024 4.40 4.34 to 4.54 -2.44% 0.28 times
29 Tue Oct 2024 4.51 4.51 to 4.69 -1.31% 1.21 times
28 Mon Oct 2024 4.57 4.30 to 4.60 6.28% 2.99 times
25 Fri Oct 2024 4.30 4.16 to 4.40 2.87% 1.34 times
24 Thu Oct 2024 4.18 4.13 to 4.23 0.72% 0.26 times
23 Wed Oct 2024 4.15 4.09 to 4.18 0% 0.43 times
22 Tue Oct 2024 4.15 4.15 to 4.30 -1.19% 0.64 times
21 Mon Oct 2024 4.20 4.15 to 4.29 -2.1% 0.48 times
18 Fri Oct 2024 4.29 4.19 to 4.33 2.39% 1 times

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CAAS NEWS why is China Automotive Systems, Inc. price falling or rising

 

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