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CANO HEALTH INC (CANO) Stock Technical Analysis

USA - NYSE:CANO - US13781Y2028 - Common Stock

2.3 USD
-0.05 (-2.13%)
Last: 2/2/2024, 8:04:00 PM
1.17 USD
-1.13 (-49.13%)
Pre-Market: 2/5/2024, 8:39:57 AM
Technical Rating and Analysis

0

Overall CANO gets a technical rating of 0 out of 10. CANO'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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
100% of all other stocks performed better in the past year than CANO.
CANO is one of the lesser performing stocks in the Health Care Providers & Services industry. 92% of 100 stocks in the same industry do better.
CANO is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month CANO has a been trading in the 1.74 - 4.04 range, which is quite wide. It is currently trading near the lows of this range.

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Weekly and Daily overview Charts
CANO HEALTH INC / CANO Weekly stock chart
CANO HEALTH INC / CANO Daily stock chart
Setup Rating and Analysis

5

Although the technical rating is bad, CANO does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.

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Support and Resistance Analysis

2.28

2.32

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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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for CANO is down.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for CANO is down.
ChartMill Relative Strength0.36NEGATIVECANO has a low relative strength, it was outperformed by 99.64% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of CANO is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of CANO is below a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of CANO is below a declining SMA(200).
Relative Strength Index/RSI (14)29.59OVERSOLDThe low RSI value suggests CANO may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.18POSITIVEThe MACD value suggests CANO has a positive trend, although the MACD value is declining.
Stochastics (14,3)32.48NEUTRALThe Stochastics value for CANO is a neutral value.
Average True Range in percent/ATR (20)19.81HIGH VOLATILITYThe high ATR as a percentage value for CANO suggests high volalility.
Average Directional Index/ADX (14)25.61POSITIVEThe high ADX value value for CANO suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)

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CANO HEALTH INC / CANO Daily stock chart

CANO HEALTH INC

NYSE:CANO (2/2/2024, 8:04:00 PM)

Premarket: 1.17 -1.13 (-49.13%)

2.3

-0.05 (-2.13%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-2.13%
1 Week-13.53%
2 Weeks15%
1 Month-41.92%
3 Month-77.47%
6 Month-98.63%
12 Month-98.46%
2 Year-99.53%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.48
ATR(20)%19.81%
ATR Inc-45.24%
Range Today0.28
ADR(20)0.45
ADR(20)%19.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0.36
3 months CRSN/A
6 months CRSN/A
Mansfield-9.73
10 Day High3.33
10 Day Low2
20 Day High4.04
20 Day Low1.74
52 Week High190
52 Week Low1.74
CS1 EndN/A
CR1 StartN/A
Volume & EV
DER(3)-4.5%
DER(5)-3.66%
Volume172.60K
Volume Incr-45.23%
Vol(5)252.90K
Vol(50)333.60K

CANO HEALTH INC / CANO FAQ

Can you provide the ChartMill technical rating for CANO HEALTH INC?

ChartMill assigns a technical rating of 0 / 10 to CANO.


What is the trend direction for CANO stock?

The current trend direction for CANO HEALTH INC (CANO) is Bearish.


What is the RSI signal for CANO HEALTH INC (CANO) stock?

CANO HEALTH INC (CANO) has an RSI value of 29.5899. This indicates that the stock is currently oversold.


What is the MACD signal for CANO HEALTH INC (CANO) stock?

The MACD indicator for CANO HEALTH INC (CANO) has a value of 0.180422, indicating a bearish trend.