Binhai Energy (000695) Trading Limit Up Analysis Report on January 6, 2026

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As of the event date, no direct

driving Binhai Energy’s limit up were found [1][2]. Combining technical indicators and trading data, the limit up was mainly driven by the following factors:

• Technical breakout signals
  : The MACD indicator showed a golden cross (bullish), and the KDJ indicator presented a strong bullish pattern, triggering technical buying [0].
• Surge in trading volume
  : On January 6, 2026, the trading volume reached 40.62M, a sharp increase of 322% compared to the previous trading day (12.61M) [0], indicating a significant rise in the activity of short-term speculative funds.

Time Period	Price Change
1 Day	+10.02% (Limit Up)
5 Days	+11.50%
3 Months	+25.53%

Key price levels: Support level $13.08, resistance level $14.58 [0].

• Technical sentiment
  : Technical indicators such as MACD and KDJ all showed short-term bullish signals, with technical sentiment leaning positive [0].
• Sector vs. market comparison
  : On the same day, the utilities sector overall fell by -3.18%, Binhai Energy’s trend significantly deviated from the sector, and its beta value was -0.12 (low correlation with the market), so the short-term trend was mainly affected by independent capital games [0].

1. Obvious speculative上涨特征
   : No clear fundamental or news catalysts to support, the limit up was mainly driven by technical signals and short-term speculative funds, so the sustainability of the rise is questionable [0][1][2].
2. Divergence between fundamentals and price trend
   : The company’s net profit margin was -13.81%, ROE -43.85%, current ratio only 0.44, with weak fundamentals; the price-to-book ratio of 26.20x was significantly higher than the industry average, with prominent valuation bubble risks [0].
3. Volume signal needs vigilance
   : A single-day volume surge of 322% may reflect short-term capital speculation. If subsequent volume cannot continue to expand, the price callback pressure will be greater [0].

• Fundamental risk
  : The company has weak profitability and solvency, high valuation, and lacks long-term support [0].
• Callback risk
  : The current price is close to the resistance level of $14.58. If it cannot break through effectively, a short-term callback may occur [0].
• Speculative risk
  : Rises without clear catalysts are vulnerable to market sentiment fluctuations, with high uncertainty in price trends [0].

• If it can break through the resistance level of $14.58 and the volume continues to expand, the short-term may continue the technical upward trend [0].

This Binhai Energy limit up was mainly driven by technical signals and short-term speculative funds, with no substantial supporting factors. The company’s weak fundamentals and high valuation, short-term price trends are mainly affected by capital games, so it is necessary to pay attention to volume changes and key price breakthroughs.

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