CANAAN INC (CAN) Stock Technical Analysis
NASDAQ:CAN - US1347481020 - ADR
0.7059 USD
+0.02 (+3.26%)
0.7041 USD
0 (-0.25%)
Overall CAN gets a technical rating of 2 out of 10. CAN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
76% of all other stocks performed better in the past year than CAN.
CAN is part of the Technology Hardware, Storage & Peripherals industry. There are 33 other stocks in this industry, of which 65% are performing better than CAN.
CAN is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
CAN has an average volume of 40771600 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 0.64 - 0.82 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. There is very little resistance above the current price.
More info and screens
0.64
0.79
When analyzing the support we can see 2 important areas.
- Support @0.68 from a trend line in the daily time frame.
- A support zone ranging from 0.65 to 0.66. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @0.71 from a trend line in the daily time frame.
- A resistance zone ranging from 0.73 to 0.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.77 to 0.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 24.1 | NEGATIVE | CAN has a low relative strength, it was outperformed by 75.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CAN is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CAN is below the rising 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) | 46.96 | NEUTRAL | The RSI value for CAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests CAN has a negative trend. |
| Stochastics (14,3) | 36.16 | NEUTRAL | The Stochastics value for CAN is a neutral value. |
| Average True Range in percent/ATR (20) | 7.44 | HIGH VOLATILITY | The high ATR as a percentage value for CAN suggests high volalility. |
| Average Directional Index/ADX (14) | 12.22 | NEGATIVE | The low ADX value for CAN suggests a weak or negative trend. |
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)
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)
0.7059
+0.02 (+3.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg3.26%
1 Week-7.16%
2 Weeks6.95%
1 Month2.3%
3 Month17.87%
6 Month-44.42%
12 Month-22.97%
2 Year-61.21%
3 Year-78.48%
5 Year-62.25%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%7.44%
ATR Inc-9%
Range Today0.05
ADR(20)0.05
ADR(20)%7.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.1
Mansfield-4.71
10 Day High0.8
10 Day Low0.67
20 Day High0.82
20 Day Low0.64
52 Week High3.27
52 Week Low0.53
CS1 End0.68
CR1 Start0.71
Volume & EV
DER(3)-5.85%
DER(5)-2.23%
Volume24.07M
Volume Incr-40.42%
Vol(5)20.46M
Vol(50)40.77M