CANO HEALTH INC (CANO) Stock Technical Analysis
NYSE:CANO - New York Stock Exchange, Inc. - US13781Y2028 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to CANO. 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.
When comparing the yearly performance of all stocks, CANO is a bad performer in the overall market: 100% of all stocks are doing better.
CANO is one of the lesser performing stocks in the Health Care Providers & Services industry. 91% of 103 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.
CANO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
2.28
2.32
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 CANO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CANO is down. |
| ChartMill Relative Strength | 0.36 | NEGATIVE | CANO has a low relative strength, it was outperformed by 99.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CANO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CANO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CANO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 29.59 | OVERSOLD | The low RSI value suggests CANO may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests CANO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 32.48 | NEUTRAL | The Stochastics value for CANO is a neutral value. |
| Average True Range in percent/ATR (20) | 19.81 | HIGH VOLATILITY | The high ATR as a percentage value for CANO suggests high volalility. |
| Average Directional Index/ADX (14) | 25.61 | POSITIVE | The high ADX value value for CANO 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)
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
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