CARGURUS INC (CARG) Stock Technical Analysis
NASDAQ:CARG - Nasdaq - US1417881091 - Common Stock - Currency: USD
Overall CARG gets a technical rating of 8 out of 10. In the past year, CARG was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
Besides having an excellent technical rating, CARG also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 31.15, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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27.01
When analyzing the support we can see 2 important areas.
- A support zone ranging from 30.77 to 31.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.28 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 32.16 to 32.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @33.65 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for CARG is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CARG is up. |
| ChartMill Relative Strength | 85.23 | POSITIVE | CARG has a high relative strength, it outperformed 85.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CARG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CARG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CARG is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.87 | NEUTRAL | The RSI value for CARG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CARG has a negative trend. |
| Stochastics (14,3) | 64.97 | NEUTRAL | The Stochastics value for CARG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.58 | MEDIUM VOLATILITY | The ATR as a percentage value for CARG suggests some volalility. |
| Average Directional Index/ADX (14) | 18.34 | NEGATIVE | The low ADX value for CARG suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 32.71 | 30.99 | 1.72 (5.26%) | 19.02% |
| An entry @32.71. This is a Buy Stop order right above the resistance zone. | An exit @30.99. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.72 points, which is 5.26%. | When investing 19.02% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of CARG. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:CARG (5/29/2025, 3:47:08 PM)
31.45
-0.4 (-1.26%)