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CANAAN INC (CAN) Stock Technical Analysis

USA - NASDAQ:CAN - US1347481020 - ADR

1.15 USD
-0.04 (-3.36%)
Last: 11/10/2025, 8:00:02 PM
1.16 USD
+0.01 (+0.87%)
Pre-Market: 11/11/2025, 5:44:04 AM
Technical Rating and Analysis

5

We assign a technical rating of 5 out of 10 to CAN. In the last year, CAN was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.

CAN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month CAN has a been trading in the 1.05 - 2.22 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
CAN has an average volume of 58749600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
When compared to the yearly performance of all other stocks, CAN outperforms 68% of them, which is more or less in line with the market.
CAN is an average performer in the Technology Hardware, Storage & Peripherals industry, it outperforms 55% of 35 stocks in the same industry.

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Weekly and Daily overview Charts
CANAAN INC / CAN Weekly stock chart
CANAAN INC / CAN Daily stock chart
Setup Rating and Analysis

3

CAN has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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Support and Resistance Analysis

0.75

1.83

When analyzing the support we can see 3 important areas.

  • Support @1.11 from a horizontal line in the daily time frame.
  • Support @1.09 from a horizontal line in the daily time frame.
  • Support @0.76 from a trend line in the daily time frame.

We can see 2 important resistance areas.

  • A resistance zone ranging from 1.16 to 1.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @1.81 from a trend line in the weekly time frame.

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Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for CAN is up.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for CAN is down.
ChartMill Relative Strength68.75NEUTRALCAN is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of CAN is below a declining SMA(20).
Simple Moving Average/SMA (50)UPMIXEDThe current price of CAN is below the rising SMA(50).
Simple Moving Average/SMA (200)DOWNMIXEDThe current price of CAN is above a declining SMA(200).
Relative Strength Index/RSI (14)44.73NEUTRALThe RSI value for CAN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.08NEGATIVEThe MACD value suggests CAN has a negative trend, although the MACD value is rising.
Stochastics (14,3)9.33OVERSOLDThe low Stochastics value suggests CAN may be oversold.
Average True Range in percent/ATR (20)22.28HIGH VOLATILITYThe high ATR as a percentage value for CAN suggests high volalility.
Average Directional Index/ADX (14)22.92NEUTRALThe ADX value for CAN suggests a possible start of a new trend.
Chart- and CandleStick Pattern Analysis
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)

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CANAAN INC / CAN Daily stock chart

CANAAN INC

NASDAQ:CAN (11/10/2025, 8:00:02 PM)

Premarket: 1.16 +0.01 (+0.87%)

1.15

-0.04 (-3.36%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg-3.36%
1 Week-11.54%
2 Weeks-33.91%
1 Month-24.34%
3 Month48.93%
6 Month44.96%
12 Month-30.3%
2 Year-23.84%
3 Year-55.77%
5 Year-77%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.2
ATR(20)%22.28%
ATR Inc-32.43%
Range Today0.16
ADR(20)0.22
ADR(20)%19.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.75
3 months CRS95.12
6 months CRS88.56
Mansfield-1.71
10 Day High1.69
10 Day Low1.05
20 Day High2.22
20 Day Low1.05
52 Week High3.27
52 Week Low0.53
CS1 End1.11
CR1 Start1.16
Volume & EV
DER(3)-5.47%
DER(5)-2.19%
Volume30.94M
Volume Incr-51.18%
Vol(5)38.20M
Vol(50)58.75M

CANAAN INC / CAN FAQ

What is the technical rating for CAN stock?

ChartMill assigns a technical rating of 5 / 10 to CAN.


Can you provide the trend direction for CANAAN INC?

The current trend direction for CANAAN INC (CAN) is Bullish.


Can you provide the RSI signal for CANAAN INC?

CANAAN INC (CAN) has an RSI value of 44.7308. This indicates that the stock is currently neutral.


What is the MACD signal for CAN stock?

The MACD indicator for CANAAN INC (CAN) has a value of -0.0781767, indicating a bearish trend.


Can you provide the support and resistance levels for CANAAN INC?

CANAAN INC (CAN) has a support level at 1.11 and a resistance level at 1.16. Check the full technical report for our detailed analysis of CAN support and resistance levels.