CANGO INC/KY - ADR (CANG) Stock Technical Analysis
USA - NYSE:CANG - US1375861036 - ADR
Overall CANG gets a technical rating of 0 out of 10. 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.
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
2.40
2 important support areas can be observed.
- Support @3.49 from a horizontal line in the weekly time frame.
- Support @2.42 from a trend line in the weekly time frame.
5 important resistance areas can be observed.
- Resistance @4.47 from a trend line in the daily time frame.
- Resistance @4.59 from a horizontal line in the daily time frame.
- Resistance @4.70 from a trend line in the weekly time frame.
- Resistance @4.85 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 | 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 | 19.19 | NEGATIVE | CANG has a low relative strength, it was outperformed by 80.81% 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) | 34.32 | NEUTRAL | The RSI value for CANG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests CANG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.55 | OVERSOLD | The low Stochastics value suggests CANG may be oversold. |
| Average True Range in percent/ATR (20) | 6.95 | HIGH VOLATILITY | The high ATR as a percentage value for CANG suggests high volalility. |
| Average Directional Index/ADX (14) | 27.74 | POSITIVE | The high ADX value value for CANG suggests a strong trend. |
3.5
+0.08 (+2.34%)
CANGO INC/KY - ADR / CANG FAQ
What is the technical rating for CANG stock?
ChartMill assigns a technical rating of 0 / 10 to CANG.
What is the current trend direction of CANGO INC/KY - ADR (CANG) stock?
The current trend direction for CANGO INC/KY - ADR (CANG) is Bearish.
What is the RSI signal for CANGO INC/KY - ADR (CANG) stock?
CANGO INC/KY - ADR (CANG) has an RSI value of 34.3175. This indicates that the stock is currently neutral.
What is the buy/sell signal for CANG stock?
The buy/sell signal for CANGO INC/KY - ADR (CANG) is sell as both the short term and long term trends are negative.
What is the support and resistance level for CANG stock?
CANGO INC/KY - ADR (CANG) has a support level at 3.49 and a resistance level at 4.47. Check the full technical report for our detailed analysis of CANG support and resistance levels.