CANGO INC/KY - ADR (CANG) Stock Technical Analysis
USA - NYSE:CANG - US1375861036 - ADR
4.14 USD
-0.02 (-0.48%)
4.06 USD
-0.08 (-1.93%)
Taking everything into account, CANG scores 3 out of 10 in our technical rating. Although CANG is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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 3.93 - 4.92 range, which is quite wide. It is currently trading near the lows of this range.
CANG is part of the Specialty Retail industry. There are 120 other stocks in this industry. CANG outperforms 94% of them.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
Looking at the yearly performance, CANG did better than 92% of all other stocks. We also observe that the gains produced by CANG over the past year are nicely spread over this period. However, this overall performance is mostly based on the strong move around 10 months ago.
CANG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 4.12, a Stop Loss order could be placed below this zone.
More info and screens
2.36
5.30
3 important support areas can be observed.
- A support zone ranging from 4.09 to 4.12. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 3.99 to 4.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.38 from a trend line in the weekly time frame.
When analyzing the resistance we notice 5 important areas.
- Resistance @4.16 from a trend line in the weekly time frame.
- A resistance zone ranging from 4.38 to 4.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 4.54 to 4.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.95 from a trend line in the daily time frame.
- A resistance zone ranging from 5.24 to 5.25. 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 | NEUTRAL | NEUTRAL | The long term trend for CANG is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CANG is down. |
| ChartMill Relative Strength | 92.9 | POSITIVE | CANG has a high relative strength, it outperformed 92.9% 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) | 39.37 | NEUTRAL | The RSI value for CANG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests CANG has a negative trend. |
| Stochastics (14,3) | 21.7 | NEUTRAL | The Stochastics value for CANG is a neutral value. |
| Average True Range in percent/ATR (20) | 6.51 | HIGH VOLATILITY | The high ATR as a percentage value for CANG suggests high volalility. |
| Average Directional Index/ADX (14) | 15.77 | NEGATIVE | The low ADX value for CANG suggests a weak or negative trend. |
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)
4.14
-0.02 (-0.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-0.48%
1 Week-3.94%
2 Weeks-12.66%
1 Month-6.97%
3 Month-22.18%
6 Month10.99%
12 Month132.58%
2 Year276.36%
3 Year64.29%
5 Year-24.04%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%6.51%
ATR Inc3.37%
Range Today0.14
ADR(20)0.26
ADR(20)%6.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.9
Mansfield-1.42
10 Day High4.92
10 Day Low4.02
20 Day High4.92
20 Day Low3.93
52 Week High9.66
52 Week Low1.71
CS1 End4.12
CR1 Start4.16
Volume & EV
DER(3)-6.14%
DER(5)-6.28%
Volume354.20K
Volume Incr-23.67%
Vol(5)401.62K
Vol(50)516.13K