CANAAN INC (CAN) Technical Analysis
NASDAQ:CAN • US1347481020
Current stock price
CAN Technical Rating and Analysis
Taking everything into account, CAN scores 2 out of 10 in our technical rating. 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 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 one of the lesser performing stocks in the Technology Hardware, Storage & Peripherals industry. 77% of 37 stocks in the same industry do better.
- 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 10949500 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 0.39 - 0.59 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CAN Weekly and Daily overview Charts
CAN Setup Rating and Analysis
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.
More info and screens
CAN Support and Resistance Analysis
0.50
We found 1 important resistance area.
- Resistance @0.56 from a trend line in the daily time frame.
CAN 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.
| 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 | 8.49 | NEGATIVE | CAN has a low relative strength, it was outperformed by 91.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CAN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CAN is above 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) | 51.32 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 68.03 | NEUTRAL | The Stochastics value for CAN is a neutral value. |
| Average True Range in percent/ATR (20) | 8.42 | 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. |
CAN Chart- and CandleStick Pattern Analysis
CAN Technicals: Chart, Performance Metrics, Trend & Indicators
0.5035
-0.05 (-8.45%)
CANAAN INC / CAN TA FAQ
What is the technical rating for CAN stock?
ChartMill assigns a technical rating of 2 / 10 to CAN.
What is the current trend direction of CANAAN INC (CAN) stock?
The current trend direction for CANAAN INC (CAN) is Bearish.
What is the RSI signal for CAN stock?
CANAAN INC (CAN) has an RSI value of 51.3239. This indicates that the stock is currently neutral.
What is the support and resistance level for CAN stock?
CANAAN INC (CAN) has a resistance level at 0.56. Check the full technical report for our detailed analysis of CAN support and resistance levels.