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 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CANG is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
CANG is one of the better performing stocks in the Specialty Retail industry, it outperforms 97% of 122 stocks in the same industry.
CANG is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Looking at the yearly performance, CANG did better than 96% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
CANG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CANG is lagging the market.
CANG has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 5.31, a Stop Loss order could be placed below this zone.
More info and screens
3.95
5.45
We found 5 important support areas.
- A support zone ranging from 5.24 to 5.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.04 from a horizontal line in the daily time frame.
- Support @4.39 from a trend line in the daily time frame.
- Support @4.09 from a horizontal line in the daily time frame.
- Support @3.99 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 5.35 to 5.40. 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 | 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 | 96.75 | POSITIVE | CANG has a high relative strength, it outperformed 96.75% 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) | UP | POSITIVE | The current price of CANG is above the rising 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) | 58.46 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 64.74 | NEUTRAL | The Stochastics value for CANG is a neutral value. |
| Average True Range in percent/ATR (20) | 6.26 | HIGH VOLATILITY | The high ATR as a percentage value for CANG suggests high volalility. |
| Average Directional Index/ADX (14) | 28.63 | 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)
5.32
+0.14 (+2.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg2.7%
1 Week-0.37%
2 Weeks1.53%
1 Month19.82%
3 Month42.63%
6 Month17.7%
12 Month172.82%
2 Year288.32%
3 Year97.04%
5 Year-5.17%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.36
ATR(20)%6.26%
ATR Inc-25.92%
Range Today0.32
ADR(20)0.32
ADR(20)%6.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.75
Mansfield3.52
10 Day High5.75
10 Day Low4.9
20 Day High5.75
20 Day Low4.1
52 Week High9.66
52 Week Low1.4
CS1 End5.31
CR1 Start5.35
Volume & EV
DER(3)1.81%
DER(5)-1.95%
Volume1.12M
Volume Incr91.9%
Vol(5)1.08M
Vol(50)557.57K