CANGO INC/KY-CLASS A (CANG) Technical Analysis
NYSE:CANG • KYG1820C1024
Current stock price
CANG Technical Rating and Analysis
Taking everything into account, CANG scores 0 out of 10 in our technical rating. 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.
- 98% 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 124 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. The S&P500 Index is trading in the upper part of its 52 week range, so CANG is lagging the market.
- In the last month CANG has a been trading in the 0.57 - 0.92 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CANG Weekly and Daily overview Charts
CANG Setup Rating and Analysis
The technical rating of CANG is bad and it also does not present a quality setup 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
CANG Support and Resistance Analysis
0.68
We found 1 important resistance area.
- Resistance @1.04 from a trend line in the daily time frame.
CANG 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 CANG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CANG is down. |
| ChartMill Relative Strength | 2.84 | NEGATIVE | CANG has a low relative strength, it was outperformed by 97.16% 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) | 36.72 | NEUTRAL | The RSI value for CANG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CANG has a positive trend. |
| Stochastics (14,3) | 21.1 | NEUTRAL | The Stochastics value for CANG is a neutral value. |
| Average True Range in percent/ATR (20) | 11.71 | HIGH VOLATILITY | The high ATR as a percentage value for CANG suggests high volalility. |
| Average Directional Index/ADX (14) | 36.49 | POSITIVE | The high ADX value value for CANG suggests a strong trend. |
CANG Chart- and CandleStick Pattern Analysis
CANG Technicals: Chart, Performance Metrics, Trend & Indicators
0.684
+0.03 (+5%)
CANGO INC/KY-CLASS A / CANG TA 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 36.72. 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 0.00965538, 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.