Technical Analysis for CHGI - China Carbon Graphit

Grade Last Price % Change Price Change
grade F 0.02 4.17% 0.0008
CHGI closed up 4.17 percent on Wednesday, June 3, 2020, on 30 percent of normal volume. It ran into resistance at its 50 day moving average. Its advance stalled at its 200 day moving average, an important long-term support / resistance line. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down
Historical CHGI trend table...

Date Alert Name Type % Chg
200 DMA Resistance Bearish 0.00%
20 DMA Resistance Bearish 0.00%
50 DMA Resistance Bearish 0.00%
Shooting Star Candlestick Bearish 0.00%
Lizard Bearish Bearish Day Trade Setup 0.00%
Outside Day Range Expansion 0.00%
Wide Bands Range Expansion 0.00%
Upper Bollinger Band Touch Strength 0.00%
Narrow Range Bar Range Contraction 4.17%
Wide Bands Range Expansion 4.17%
Older signals for CHGI ...

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Profile

China Carbon Graphite Group, Inc., formerly Achievers Magazine Inc., is engaged in the manufacturing of graphene, graphene oxide and graphite bipolar plates products. The Company also operates a business-to-business and business-to-consumers Internet portal, www.roycarbon.com, for graphite related products. Vendors can sell raw materials, industrial commodities and consumer (household) commodities to both business and consumers through the Website by paying a fee for each transaction conducted through the Website. Its business scope includes manufacturing and selling primarily the graphite products. The Company's customers primarily include international customers, which generally purchase products pursuant to purchase orders. The Company does not enter into long-term contracts with its customers. Its subsidiaries include Talent International Investment Limited, XingheYongle Carbon Co., Ltd., Golden Ivy Limited and Royal Elite International Limited.
Chemistry Physical Sciences Manufacturing Materials Emerging Technologies Business To Business Carbon Graphite Graphene Monolayers Potential Applications Of Graphene Refractory Materials Graphite Products Graphene Production Techniques

Is CHGI a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Recent News

Indicators

Indicator Value
52 Week High 0.1239
52 Week Low 0.01
Average Volume 10,848
200-Day Moving Average 0.0252
50-Day Moving Average 0.0229
20-Day Moving Average 0.0202
10-Day Moving Average 0.0206
Average True Range 0.0044
ADX 10.02
+DI 49.5667
-DI 39.6880
Chandelier Exit (Long, 3 ATRs ) 0.0128
Chandelier Exit (Short, 3 ATRs ) 0.0299
Upper Bollinger Band 0.0254
Lower Bollinger Band 0.0150
Percent B (%b) 0.48
BandWidth 51.4851
MACD Line -0.0006
MACD Signal Line -0.0007
MACD Histogram 0.0001
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.0314
Resistance 3 (R3) 0.0321 0.0290 0.0295
Resistance 2 (R2) 0.0290 0.0261 0.0287 0.0289
Resistance 1 (R1) 0.0245 0.0243 0.0268 0.0238 0.0282
Pivot Point 0.0214 0.0214 0.0225 0.0211 0.0214
Support 1 (S1) 0.0169 0.0185 0.0192 0.0162 0.0118
Support 2 (S2) 0.0138 0.0167 0.0135 0.0111
Support 3 (S3) 0.0093 0.0138 0.0105
Support 4 (S4) 0.0086