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CANAAN INC (CAN) Stock Technical Analysis

USA - NASDAQ:CAN - US1347481020 - ADR

1.3 USD
-0.13 (-9.09%)
Last: 11/3/2025, 10:32:45 PM
1.29 USD
-0.01 (-0.77%)
After Hours: 11/3/2025, 10:32:45 PM
Technical Rating and Analysis

7

Taking everything into account, CAN scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

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 1.07 - 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.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
CAN is part of the Technology Hardware, Storage & Peripherals industry. There are 35 other stocks in this industry. CAN outperforms 73% of them.
CAN has an average volume of 56812200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that CAN is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this relatively good performance is mostly due to a recent big move.

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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

4

CAN has an excellent technical rating, but the quality of the setup is only medium 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

0.74

2.06

2 important support areas can be observed.

  • Support @1.23 from a horizontal line in the daily time frame.
  • Support @0.75 from a trend line in the daily time frame.

We found 1 important resistance area.

  • Resistance @2.04 from a trend line in the daily 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 IndicatorNEUTRALNEUTRALThe short term trend for CAN is neutral.
ChartMill Relative Strength90.47POSITIVECAN has a high relative strength, it outperformed 90.47% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of CAN is below a declining SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of CAN is above 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)47.06NEUTRALThe 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.
Stochastics (14,3)12.18OVERSOLDThe low Stochastics value suggests CAN may be oversold.
Average True Range in percent/ATR (20)21.12HIGH VOLATILITYThe high ATR as a percentage value for CAN suggests high volalility.
Average Directional Index/ADX (14)29.62POSITIVEThe high ADX value value for CAN suggests a strong 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 (11/3/2025, 10:32:45 PM)

After market: 1.29 -0.01 (-0.77%)

1.3

-0.13 (-9.09%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg-9.09%
1 Week-25.29%
2 Weeks-36.59%
1 Month-1.52%
3 Month77.38%
6 Month73.66%
12 Month3.17%
2 Year-13.91%
3 Year-50%
5 Year-74%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%21.12%
ATR Inc-34.35%
Range Today0.12
ADR(20)0.24
ADR(20)%18.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.47
3 months CRS96.74
6 months CRS91.76
Mansfield-0.76
10 Day High2.1
10 Day Low1.23
20 Day High2.22
20 Day Low1.07
52 Week High3.27
52 Week Low0.53
CS1 End1.23
CR1 Start2.04
Volume & EV
DER(3)2.62%
DER(5)-2.21%
Volume38.96M
Volume Incr-28.62%
Vol(5)62.25M
Vol(50)56.81M

CANAAN INC / CAN FAQ

What is the technical rating for CAN stock?

ChartMill assigns a technical rating of 7 / 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 47.0568. 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 -0.0802939, indicating a bearish trend.


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

CANAAN INC (CAN) has a support level at 1.23 and a resistance level at 2.04. Check the full technical report for our detailed analysis of CAN support and resistance levels.