CANGO INC/KY - ADR (CANG) Stock Technical Analysis
NYSE:CANG - New York Stock Exchange, Inc. - US1375861036 - ADR - Currency: USD
Overall CANG gets a technical rating of 8 out of 10. In the last year, CANG was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, CANG did better than 98% of all other stocks.
CANG is one of the better performing stocks in the Specialty Retail industry, it outperforms 97% of 120 stocks in the same industry.
In the last month CANG has a been trading in the 3.81 - 5.00 range, which is quite wide. It is currently trading near the high of this range.
CANG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CANG is lagging the market slightly.
Besides having an excellent technical rating, CANG also presents 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
3.86
4.92
When analyzing the support we can see 3 important areas.
- A support zone ranging from 4.34 to 4.35. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @3.98 from a horizontal line in the daily time frame.
- Support @3.90 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @4.87 from a horizontal 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 | UP | POSITIVE | The long term trend for CANG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CANG is up. |
| ChartMill Relative Strength | 98.54 | POSITIVE | CANG has a high relative strength, it outperformed 98.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CANG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CANG is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CANG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.49 | NEUTRAL | The RSI value for CANG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests CANG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.01 | NEUTRAL | The Stochastics value for CANG is a neutral value. |
| Average True Range in percent/ATR (20) | 6.53 | HIGH VOLATILITY | The high ATR as a percentage value for CANG suggests high volalility. |
| Average Directional Index/ADX (14) | 31.98 | POSITIVE | The high ADX value value for CANG suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 4.88 | 4.33 | 0.55 (11.27%) | 8.87% |
| An entry @4.88. This is a Buy Stop order right above the resistance zone. | An exit @4.33. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.55 points, which is 11.27%. | When investing 8.87% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
4.62
-0.24 (-4.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-4.94%
1 Week1.54%
2 Weeks5%
1 Month14.07%
3 Month42.59%
6 Month11.59%
12 Month210.07%
2 Year294.87%
3 Year47.6%
5 Year-3.75%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.34
ATR(20)%6.53%
ATR Inc-12.36%
Range Today0.34
ADR(20)0.3
ADR(20)%6.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.54
Mansfield3.96
10 Day High4.94
10 Day Low4.05
20 Day High5
20 Day Low3.81
52 Week High9.66
52 Week Low1.4
CS1 End4.35
CR1 Start4.87
Volume & EV
DER(3)-5.06%
DER(5)-5.86%
Volume353.20K
Volume Incr12.88%
Vol(5)345.92K
Vol(50)283.77K