CANGO INC/KY-CLASS A (CANG) Stock Technical Analysis
NYSE:CANG • KYG1820C1024
We assign a technical rating of 0 out of 10 to CANG. CANG 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 94% of all other stocks performed better in the past year than CANG.
- CANG is one of the lesser performing stocks in the Specialty Retail industry. 84% of 123 stocks in the same industry do better.
- CANG 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 CANG has a been trading in the 0.79 - 1.42 range, which is quite wide. It is currently trading near the lows of this range.
- Considerably lower volume is observed in the last couple of days.
CANG has a poor technical rating and the quality of the setup is also not perfect 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
0.86
We found 1 important support area.
- A support zone ranging from 0.87 to 0.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- Resistance @1.24 from a trend line 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 CANG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CANG is down. |
| ChartMill Relative Strength | 6.34 | NEGATIVE | CANG has a low relative strength, it was outperformed by 93.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CANG is below a declining 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) | 34.68 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 11.88 | OVERSOLD | The low Stochastics value suggests CANG may be oversold. |
| Average True Range in percent/ATR (20) | 11.46 | HIGH VOLATILITY | The high ATR as a percentage value for CANG suggests high volalility. |
| Average Directional Index/ADX (14) | 31.42 | POSITIVE | The high ADX value value for CANG suggests a strong trend. |
0.88
+0.02 (+2.56%)
CANGO INC/KY-CLASS A / CANG FAQ
What is the technical rating for CANG stock?
ChartMill assigns a technical rating of 0 / 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 34.6755. 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 -0.0106661, 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.