CANAAN INC (CAN) Technical Analysis
NASDAQ:CAN • US1347481020
Overall CAN gets a technical rating of 0 out of 10. CAN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, CAN is a bad performer in the overall market: 94% of all stocks are doing better.
- CAN is part of the Technology Hardware, Storage & Peripherals industry. There are 37 other stocks in this industry, of which 75% are performing better than CAN.
- CAN is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so CAN is lagging the market.
- CAN has an average volume of 16279800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month CAN has a been trading in the 0.42 - 0.57 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
CAN has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
0.47
When analyzing the support we notice one important area.
- Support @0.47 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @0.54 from a horizontal line in the daily time frame.
- Resistance @0.71 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for CAN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CAN is down. |
| ChartMill Relative Strength | 6.27 | NEGATIVE | CAN has a low relative strength, it was outperformed by 93.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CAN is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CAN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CAN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.71 | NEUTRAL | The RSI value for CAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CAN has a positive trend. |
| Stochastics (14,3) | 57.35 | NEUTRAL | The Stochastics value for CAN is a neutral value. |
| Average True Range in percent/ATR (20) | 8.7 | HIGH VOLATILITY | The high ATR as a percentage value for CAN suggests high volalility. |
| Average Directional Index/ADX (14) | 17.18 | NEGATIVE | The low ADX value for CAN suggests a weak or negative trend. |
CAN Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:CAN (3/13/2026, 12:41:05 PM)
0.4993
-0.01 (-2.65%)
CANAAN INC / CAN FAQ
What is the technical rating for CAN stock?
ChartMill assigns a technical rating of 0 / 10 to CAN.
What is the current trend direction of CANAAN INC (CAN) stock?
The current trend direction for CANAAN INC (CAN) is Bearish.
Can you provide the RSI signal for CANAAN INC?
CANAAN INC (CAN) has an RSI value of 45.7092. This indicates that the stock is currently neutral.
What is the MACD signal for CANAAN INC (CAN) stock?
The MACD indicator for CANAAN INC (CAN) has a value of 0.0115865, indicating a bearish trend.
What is the short term momentum for CAN stock?
The short term momentum for CANAAN INC (CAN) is negative.