Kandi Technologies Group Inc (NASDAQ:KNDI) Trading Outlook
KANDI TECH GRP closed up 0.100 at 10.790. Volume was 91% below average (consolidating) and Bollinger Bands were 81% wider than normal.
Open High Low Close Volume___
10.590 11.069 10.410 10.790 50,286
Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 9.82 7.30 9.76
Volatility: 77 88 77
Volume: 650,736 485,616 666,480
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
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Summary
KANDI TECH GRP is currently 10.6% above its 200-period moving average and is in an upward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume into KNDI.O (mildly bullish). Our trend forecasting oscillators are currently bullish on KNDI.O and have had this outlook for the last 22 periods. Our momentum oscillator is currently indicating that KNDI.O is currently in an overbought condition.
Mixed Momentum Data
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
Stochastic Oscillator
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 77.3710. This is not an overbought or oversold reading. The last signal was a sell 0 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 73.23. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 11 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 127.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 11 period(s) ago.
MACD
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 24 period(s) ago.
Kandi Technologies Group, Inc. (Kandi), incorporated on March 31, 2004, is engaged in the design, development, manufacturing and commercialization of electric vehicles (EVs) and electric vehicle parts, which are distributed in China and global markets. The Company conducts its business operations through its wholly owned subsidiary, Zhejiang Kandi Vehicles Co., Ltd. (Kandi Vehicles) and the partial and wholly owned subsidiaries of Kandi Vehicles.
The Company sold its EV parts to the JV Company for manufacturing of the EV products. Among the total EV parts sales to the JV Company for the year ended December 31, 2014, approximately 83% or the sales were related to the sales of battery packs. As of December 31, 2014, approximately 6% of the sales were related to the sales of EV controller; approximately 5% of the sales were related to the sales of air conditioning units, and approximately 4% of the sales were related to the sales of EV drive motors and the remaining 2% were related to the sales of body parts and other auto parts.
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