Technical Breakout Setups. Analyze the stocks with the best technicals forming a breakout setup pattern at the moment.


COUPANG INC

New York Stock Exchange, Inc. / Consumer Discretionary / Broadline Retail

Technical Rating and Analysis

8

Taking everything into account, CPNG scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, CPNG has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.
CPNG is part of the Broadline Retail industry. There are 33 other stocks in this industry. CPNG outperforms 87% of them.
CPNG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CPNG is lagging the market slightly.
In the last month CPNG has a been trading in the 21.14 - 23.77 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
CPNG has an average volume of 15142600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, CPNG did better than 91% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Considerably lower volume is observed in the last couple of days.

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Weekly and Daily overview Charts
CPNG Weekly chart
CPNG Daily chart
Setup Rating and Analysis

9

Besides having an excellent technical rating, CPNG also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 21.75, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CPNG in the last couple of days, which is a good sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.

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Support and Resistance Analysis

14.39

23.89

When analyzing the support we can see 2 important areas.

  • A support zone ranging from 21.46 to 21.75. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • Support @14.54 from a trend line in the weekly time frame.

When analyzing the resistance we notice one important area.

  • Resistance @23.65 from a horizontal line in the daily time frame.

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Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.74
Mansfield1.26
10 Day High23.77
10 Day Low21.14
20 Day High23.77
20 Day Low21.14
52 Week High23.77
52 Week Low13.51
Performance
1 Week4.94%
2 Weeks1.4%
1 Month-0.49%
3 Month43.44%
6 Month40.4%
12 Month38.24%
2 Year66.69%
3 Year-44.79%
5 YearN/A
10 YearN/A
15 YearN/A

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Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)

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Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.22
RSI(14)56.87
LBB21.48
UBB23.69

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Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
23.6621.452.21 (9.34%)10.71%
An entry @23.66. This is a Buy Stop order right above the resistance zone.An exit @21.45. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 2.21 points, which is 9.34%.When investing 10.71% of your capital in this trade, your total portfolio risk will be 1.00%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.

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