CANAAN INC (CAN) Stock Technical Analysis
NASDAQ:CAN - Nasdaq - US1347481020 - ADR - Currency: USD
We assign a technical rating of 0 out of 10 to CAN. 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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, CAN is a bad performer in the overall market: 92% of all stocks are doing better.
CAN is part of the Technology Hardware, Storage & Peripherals industry. There are 32 other stocks in this industry, of which 80% 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 28698600 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 0.57 - 0.83 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 poor technical rating and the quality of the setup is also 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.
More info and screens
0.65
1.12
We found 1 important support area.
- A support zone ranging from 0.66 to 0.67. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 0.70 to 0.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.73 from a horizontal line in the daily time frame.
- Resistance @0.75 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 | NEUTRAL | NEUTRAL | The short term trend for CAN is neutral. |
| ChartMill Relative Strength | 8.29 | NEGATIVE | CAN has a low relative strength, it was outperformed by 91.71% 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) | 50.67 | 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) | 57.37 | NEUTRAL | The Stochastics value for CAN is a neutral value. |
| Average True Range in percent/ATR (20) | 10.34 | HIGH VOLATILITY | The high ATR as a percentage value for CAN suggests high volalility. |
| Average Directional Index/ADX (14) | 16.27 | 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)
0.7
+0.03 (+5.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg5.11%
1 Week3.03%
2 Weeks16.71%
1 Month-11.76%
3 Month-26.98%
6 Month-69.83%
12 Month-36.94%
2 Year-67.14%
3 Year-78.26%
5 Year-63.16%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%10.34%
ATR Inc-20.08%
Range Today0.03
ADR(20)0.07
ADR(20)%9.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.29
Mansfield-4.72
10 Day High0.78
10 Day Low0.57
20 Day High0.83
20 Day Low0.57
52 Week High3.27
52 Week Low0.53
CS1 End0.67
CR1 Start0.7
Volume & EV
DER(3)3.13%
DER(5)3.17%
Volume25.76M
Volume Incr-9.6%
Vol(5)34.34M
Vol(50)28.70M