CANAAN INC (CAN) Stock Technical Analysis
NASDAQ:CAN - Nasdaq - US1347481020 - ADR - Currency: USD
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.
95% of all other stocks performed better in the past year than CAN.
CAN is part of the Technology Hardware, Storage & Peripherals industry. There are 32 other stocks in this industry, of which 77% 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.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
CAN has an average volume of 22296900 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 0.53 - 0.93 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CAN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
0.63
1.12
3 important resistance areas can be observed.
- Resistance @0.84 from a trend line in the daily time frame.
- Resistance @1.06 from a horizontal line in the daily time frame.
- Resistance @1.11 from a horizontal 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 | 5.64 | NEGATIVE | CAN has a low relative strength, it was outperformed by 94.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CAN is below 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) | 39.52 | 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) | 35.21 | NEUTRAL | The Stochastics value for CAN is a neutral value. |
| Average True Range in percent/ATR (20) | 14.01 | HIGH VOLATILITY | The high ATR as a percentage value for CAN suggests high volalility. |
| Average Directional Index/ADX (14) | 20.99 | NEUTRAL | The ADX value for CAN suggests a possible start of a new 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)
0.6336
-0.07 (-9.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg-9.38%
1 Week-20.13%
2 Weeks-15.36%
1 Month-23.94%
3 Month-62.06%
6 Month-67.84%
12 Month-39.66%
2 Year-68.94%
3 Year-83.06%
5 Year-73.15%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%14.01%
ATR Inc-41.65%
Range Today0.05
ADR(20)0.08
ADR(20)%12.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.64
Mansfield-5.17
10 Day High0.93
10 Day Low0.63
20 Day High0.93
20 Day Low0.53
52 Week High3.27
52 Week Low0.53
CS1 EndN/A
CR1 Start0.84
Volume & EV
DER(3)-8.41%
DER(5)-4.15%
Volume33.35M
Volume Incr47.65%
Vol(5)37.26M
Vol(50)22.30M