Yadea Group Holdings Ltd (HKG:1585) trending upwards

Yadea Group Holdings Ltd (HKG:1585) trending upwards

Yadea Group Holdings Ltd (HKG:1585)

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

Note: this chart shows extraordinary price action to the upside.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 6 white candles and 3 black candles for a net of 3 white candles. During the past 50 bars, there have been 25 white candles and 23 black candles for a net of 2 white candles.

Momentum Indicators

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 52.5000. This is not an overbought or oversold reading. The last signal was a buy 1 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 62.68. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. (*ERROR*: Function did not return a value)

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 58. This is not a topping or bottoming area. The last signal was a buy 0 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. (*ERROR*: Function did not return a value)

Summary

YADEA is currently (*ERROR*: Function did not return a value)% (*ERROR*: Function did not return a value) its 200-period moving average and is in an upward trend. Volatility is (*ERROR*: Function did not return a value) Our volume indicators reflect very strong flows of volume into 1585.HK (bullish). Our trend forecasting oscillators are currently bullish on 1585.HK and have had this outlook for the last (*ERROR*: Function did not return a value) periods.

Description

Yadea Group Holdings Ltd. is an investment holding company. The Company is principally engaged in the development, manufacture and sale of electric vehicles and related accessories in the People’s Republic of China (the PRC). The Company’s core products are electric two-wheeled vehicles, which include electric scooters and electric bicycles. It also sells batteries and chargers for its electric two-wheeled vehicles and certain other electric two-wheeled vehicle parts. The Company’s production facilities are located in Wuxi, Tianjin, Cixi and Dongguan.
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