CANAAN INC (CAN) Technical Analysis
NASDAQ:CAN • US1347481020
Current stock price
0.48 USD
0 (-0.81%)
At close:
0.4865 USD
+0.01 (+1.35%)
Pre-Market:
CAN Technical Rating and Analysis
Taking everything into account, CAN scores 0 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 95% of all other stocks performed better in the past year than CAN.
- CAN is one of the lesser performing stocks in the Technology Hardware, Storage & Peripherals industry. 80% 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. The S&P500 Index is trading in the upper part of its 52 week range, so CAN is lagging the market.
- CAN has an average volume of 16090000 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 0.42 - 0.55 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
CAN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.
More info and screens
CAN Support and Resistance Analysis
0.48
0.71
2 important resistance areas can be observed.
- Resistance @0.54 from a horizontal line in the daily time frame.
- Resistance @0.70 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 | DOWN | NEGATIVE | The short term trend for CAN is down. |
| ChartMill Relative Strength | 5.78 | NEGATIVE | CAN has a low relative strength, it was outperformed by 94.22% 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) | 41.51 | 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) | 41.57 | NEUTRAL | The Stochastics value for CAN is a neutral value. |
| Average True Range in percent/ATR (20) | 8.94 | HIGH VOLATILITY | The high ATR as a percentage value for CAN suggests high volalility. |
| Average Directional Index/ADX (14) | 14.97 | NEGATIVE | The low ADX value for CAN suggests a weak or negative trend. |
CAN Chart- and CandleStick Pattern Analysis
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)
CAN Technicals: Chart, Performance Metrics, Trend & Indicators
0.48
0 (-0.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg-0.81%
1 Week-5.81%
2 Weeks-5.7%
1 Month-2.16%
3 Month-41.63%
6 Month-38.34%
12 Month-49.93%
2 Year-68.42%
3 Year-82.22%
5 Year-97.68%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%8.94%
ATR Inc10.39%
Range Today0.03
ADR(20)0.04
ADR(20)%8.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.78
3 months CRS5.57
6 months CRS12.91
Mansfield-4.28
10 Day High0.55
10 Day Low0.47
20 Day High0.55
20 Day Low0.43
52 Week High2.22
52 Week Low0.43
CS1 EndN/A
CR1 Start0.54
Volume & EV
DER(3)-8.75%
DER(5)-8.45%
Volume9.61M
Volume Incr-16.56%
Vol(5)10.57M
Vol(50)16.09M
CANAAN INC / CAN TA FAQ
What is the technical rating for CAN stock?
ChartMill assigns a technical rating of 0 / 10 to CAN.
What is the current trend direction of CANAAN INC (CAN) stock?
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 41.508. This indicates that the stock is currently neutral.
What is the MACD signal for CANAAN INC (CAN) stock?
The MACD indicator for CANAAN INC (CAN) has a value of 0.00803699, indicating a bearish trend.
What is the short term momentum for CAN stock?
The short term momentum for CANAAN INC (CAN) is negative.