CANGO INC/KY-CLASS A (CANG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CANG - US1375861036 - Common Stock
We assign a technical rating of 1 out of 10 to CANG. 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.
CANG has a poor technical rating and the quality of the setup is also only medium 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
1.22
We found 1 important support area.
- Support @1.23 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 1.56 to 1.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.33 from a trend line in the daily time frame.
- A resistance zone ranging from 2.62 to 2.63. 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 | NEUTRAL | NEUTRAL | The short term trend for CANG is neutral. |
| ChartMill Relative Strength | 9.31 | NEGATIVE | CANG has a low relative strength, it was outperformed by 90.69% 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 | 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) | 52.02 | NEUTRAL | The RSI value for CANG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests CANG has a positive trend. |
| Stochastics (14,3) | 73.72 | NEUTRAL | The Stochastics value for CANG is a neutral value. |
| Average True Range in percent/ATR (20) | 8.93 | HIGH VOLATILITY | The high ATR as a percentage value for CANG suggests high volalility. |
| Average Directional Index/ADX (14) | 19.36 | NEGATIVE | The low ADX value for CANG suggests a weak or negative trend. |
1.46
-0.09 (-5.81%)
CANGO INC/KY-CLASS A / CANG FAQ
What is the technical rating for CANG stock?
ChartMill assigns a technical rating of 1 / 10 to CANG.
What is the current trend direction of CANGO INC/KY-CLASS A (CANG) stock?
The current trend direction for CANGO INC/KY-CLASS A (CANG) is Bearish.
What is the RSI signal for CANGO INC/KY-CLASS A (CANG) stock?
CANGO INC/KY-CLASS A (CANG) has an RSI value of 52.0224. This indicates that the stock is currently neutral.
What is the support and resistance level for CANG stock?
CANGO INC/KY-CLASS A (CANG) has a support level at 1.23 and a resistance level at 1.56. Check the full technical report for our detailed analysis of CANG support and resistance levels.