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ChinaCache International Holdings Ltd. (CCIH) - Buy, Sell or Hold?

Sector: Technology   Sub-Sector: EDP Services
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Thu, 15 Jun 2017DojiBullish EngulfingTue, 13 Jun 2017-3.79%
***Stock database and scans are updated around midnight (New York time) every trading day.
1.19 0.00 (0%) Jun 23 4:00pm EDT
Open: 1.21 Range: 1.16 - 1.23 Vol: 115.52K Avg Vol: 478.27K
EPS: -2.85 P/E ratio: 0.00 EBITDA: -48.51M Mkt Cap: 35.83M
Analyze "CCIH" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 1.31
Medium Term: Trading is Range Bound
Last Trade is above the 20 day moving average at 1.14
Last Trade is below the 50 day moving average at 1.23
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 2.71
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of CCIH

Stock Trend Analysis - Buy, Sell or Hold "ChinaCache International Holdings Ltd." (CCIH)?

CCIH is in a very strong downtrend. For the last 52 weeks, CCIH has maintained to stay firmly below the 200 day moving average for 100% of the time. Rallies will be sold into until the downtrend reverses. The medium term trend for CCIH is also extremely bearish and weak, having traded almost 92% of the time below the 50 day moving average. The 20 day moving average is also showing some signs of weakness as CCIH has been trading below its 20 SMA for 77.5% of the time in the last 8 weeks. As CCIH is in a strong downtrend characterized by the 200 SMA, currently at 2.71, the most likely scenario is that rallies will be sold into until the 200 SMA is convincingly taken out. Technically, there is very little reason to recommend a buy on this counter, although CCIH may get a short term oversold bounce around here. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "CCIH".

The analyst consensus estimates for the 1 year price target for this stock is $10.00* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Thu, 15 Jun 2017
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