CANGO INC/KY-CLASS A (CANG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CANG - KYG1820C1024 - Common Stock
We assign a technical rating of 1 out of 10 to CANG. CANG'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.
- When comparing the yearly performance of all stocks, CANG is a bad performer in the overall market: 93% of all stocks are doing better.
- CANG is part of the Specialty Retail industry. There are 121 other stocks in this industry, of which 82% are performing better than CANG.
- CANG 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.
- In the last month CANG has a been trading in the 1.25 - 1.76 range, which is quite wide. It is currently trading near the lows of this range.
CANG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
1.20
When analyzing the support we can see 3 important areas.
- Support @1.37 from a horizontal line in the daily time frame.
- Support @1.26 from a trend line in the weekly time frame.
- Support @1.21 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @1.48 from a trend line in the daily time frame.
- A resistance zone ranging from 1.54 to 1.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.62 to 2.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 CANG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CANG is down. |
| ChartMill Relative Strength | 7.59 | NEGATIVE | CANG has a low relative strength, it was outperformed by 92.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CANG is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CANG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CANG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.05 | NEUTRAL | The RSI value for CANG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CANG has a negative trend. |
| Stochastics (14,3) | 17.14 | OVERSOLD | The low Stochastics value suggests CANG may be oversold. |
| Average True Range in percent/ATR (20) | 9.84 | HIGH VOLATILITY | The high ATR as a percentage value for CANG suggests high volalility. |
| Average Directional Index/ADX (14) | 18.93 | NEGATIVE | The low ADX value for CANG suggests a weak or negative trend. |
NYSE:CANG (1/23/2026, 8:04:00 PM)
1.38
-0.01 (-0.72%)
CANGO INC/KY-CLASS A / CANG FAQ
What is the technical rating for CANG stock?
ChartMill assigns a technical rating of 1 / 10 to CANG.
What is the trend direction for CANG stock?
The current trend direction for CANGO INC/KY-CLASS A (CANG) is Bearish.
What is the RSI signal for CANG stock?
CANGO INC/KY-CLASS A (CANG) has an RSI value of 46.0516. This indicates that the stock is currently neutral.
What is the MACD signal for CANGO INC/KY-CLASS A (CANG) stock?
The MACD indicator for CANGO INC/KY-CLASS A (CANG) has a value of -0.0105161, indicating a bearish trend.
What is the buy/sell signal for CANGO INC/KY-CLASS A (CANG) stock?
The buy/sell signal for CANGO INC/KY-CLASS A (CANG) is sell as both the short term and long term trends are negative.