CANAAN INC (CAN)

US1347481020 - ADR

1.42  +0.01 (+0.71%)

Premarket: 1.44 +0.02 (+1.41%)

Technical Rating and Analysis

0

Overall CAN gets a technical rating of 0 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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, CAN is a bad performer in the overall market: 94% of all stocks are doing better.
CAN is one of the lesser performing stocks in the Technology Hardware, Storage & Peripherals industry. 96% of 32 stocks in the same industry do better.
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.
CAN has an average volume of 19302900 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 1.21 - 1.90 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.
Weekly and Daily overview Charts
CAN Weekly chart
CAN Daily chart
Setup Rating and Analysis

3

The technical rating of CAN is bad and it also does not present a 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.

Support and Resistance Analysis

1.21

3.21

3 important support areas can be observed.

  • Support @1.33 from a horizontal line in the weekly time frame.
  • A support zone ranging from 1.27 to 1.29. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • Support @1.22 from a horizontal line in the daily time frame.

5 important resistance areas can be observed.

  • A resistance zone ranging from 1.43 to 1.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 1.59 to 1.61. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A resistance zone ranging from 1.65 to 1.65. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
  • Resistance @3.12 from a horizontal line in the weekly time frame.
  • Resistance @3.18 from a horizontal line in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.63
Mansfield-4.14
10 Day High1.67
10 Day Low1.21
20 Day High1.9
20 Day Low1.21
52 Week High3.5
52 Week Low1.13
Performance
1 Week-11.25%
2 Weeks3.65%
1 Month-23.24%
3 Month-38.53%
6 Month-21.98%
12 Month-47.41%
2 Year-73.85%
3 Year-93.13%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)45.23
LBB1.21
UBB1.61
CAN Daily chart

CANAAN INC

NASDAQ:CAN (3/27/2024, 8:04:13 PM)

Premarket: 1.44 +0.02 (+1.41%)

1.42

+0.01 (+0.71%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg0.71%
1 Week-11.25%
2 Weeks3.65%
1 Month-23.24%
3 Month-38.53%
6 Month-21.98%
12 Month-47.41%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.15
ATR(20)%11.24%
ATR Inc
Range Today0.08
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High1.67
10 Day Low1.21
20 Day High1.9
20 Day Low1.21
52 Week High3.5
52 Week Low1.13
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume6.81M
Volume Incr-41.87%
Vol(5)11.82M
Vol(50)19.30M