Taking everything into account, CAN scores 0 out of 10 in our technical rating. 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 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
0.70
We found 1 important support area.
- A support zone ranging from 0.71 to 0.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 0.78 to 0.79. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 4.93 | NEGATIVE | CAN has a low relative strength, it was outperformed by 95.07% 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) | 34.61 | 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) | 7.65 | OVERSOLD | The low Stochastics value suggests CAN may be oversold. |
| Average True Range in percent/ATR (20) | 8.95 | HIGH VOLATILITY | The high ATR as a percentage value for CAN suggests high volalility. |
| Average Directional Index/ADX (14) | 16.02 | NEGATIVE | The low ADX value for CAN suggests a weak or negative trend. |
0.719
+0.01 (+0.98%)
CANAAN INC / CAN FAQ
What is the technical rating for CAN stock?
ChartMill assigns a technical rating of 0 / 10 to CAN.
Can you provide the trend direction for CANAAN INC?
The current trend direction for CANAAN INC (CAN) is Bearish.
Can you provide the RSI signal for CANAAN INC?
CANAAN INC (CAN) has an RSI value of 34.6096. 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 -0.00153903, indicating a bearish trend.
Can you provide the support and resistance levels for CANAAN INC?
CANAAN INC (CAN) has a support level at 0.71 and a resistance level at 0.78. Check the full technical report for our detailed analysis of CAN support and resistance levels.