CANAAN INC (CAN) Technical Analysis
NASDAQ:CAN • US1347481020
Current stock price
0.5116 USD
+0.03 (+6.54%)
At close:
0.509 USD
0 (-0.51%)
Pre-Market:
CAN Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to CAN. 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 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: 91% of all stocks are doing better.
- CAN is part of the Technology Hardware, Storage & Peripherals industry. There are 37 other stocks in this industry, of which 77% 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.
- In the last month CAN has a been trading in the 0.39 - 0.53 range, which is quite wide. It is currently trading near the high of this range.
- CAN has an average volume of 11989600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
CAN Support and Resistance Analysis
0.51
0.53
We found 1 important resistance area.
- A resistance zone ranging from 0.52 to 0.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 9.71 | NEGATIVE | CAN has a low relative strength, it was outperformed by 90.29% 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) | 59.85 | 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) | 91.79 | OVERBOUGHT | The high Stochastics value suggests CAN may be overbought. |
| Average True Range in percent/ATR (20) | 6.29 | HIGH VOLATILITY | The high ATR as a percentage value for CAN suggests high volalility. |
| Average Directional Index/ADX (14) | 17.06 | 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
0.5116
+0.03 (+6.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg6.54%
1 Week23.34%
2 Weeks32.5%
1 Month6.58%
3 Month-35.14%
6 Month-68.02%
12 Month-26.58%
2 Year-41.53%
3 Year-81.86%
5 Year-95.91%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%6.29%
ATR Inc56.3%
Range Today0.03
ADR(20)0.03
ADR(20)%5.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.71
3 months CRS8.85
6 months CRS4.46
Mansfield-3.83
10 Day High0.53
10 Day Low0.39
20 Day High0.53
20 Day Low0.39
52 Week High2.22
52 Week Low0.39
CS1 EndN/A
CR1 Start0.52
Volume & EV
DER(3)3.87%
DER(5)1.96%
Volume14.63M
Volume Incr-3.49%
Vol(5)9.14M
Vol(50)11.99M
CANAAN INC / CAN TA FAQ
What is the technical rating for CAN stock?
ChartMill assigns a technical rating of 1 / 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 59.8452. 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 0.52. Check the full technical report for our detailed analysis of CAN support and resistance levels.