CARGURUS INC (CARG) Stock Technical Analysis
NASDAQ:CARG • US1417881091
Overall CARG gets a technical rating of 0 out of 10. CARG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, CARG is a bad performer in the overall market: 78% of all stocks are doing better.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- CARG has an average volume of 1062670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- CARG is part of the Interactive Media & Services industry. There are 69 other stocks in this industry, CARG did better than 67% of them.
- CARG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CARG is lagging the market.
- In the last month CARG has a been trading in the 26.39 - 34.63 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of CARG is bad and it also does not present a quality setup 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
26.69
We found 1 important support area.
- A support zone ranging from 26.96 to 27.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @38.21 from a horizontal line in the daily time frame.
- Resistance @39.77 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The long term trend for CARG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CARG is down. |
| ChartMill Relative Strength | 22.11 | NEGATIVE | CARG has a low relative strength, it was outperformed by 77.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CARG is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CARG is below a declining 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) | 44.49 | NEUTRAL | The RSI value for CARG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests CARG has a positive trend. |
| Stochastics (14,3) | 42.8 | NEUTRAL | The Stochastics value for CARG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.27 | MEDIUM VOLATILITY | The ATR as a percentage value for CARG suggests some volalility. |
| Average Directional Index/ADX (14) | 45.87 | POSITIVE | The high ADX value value for CARG suggests a strong trend. |
30.17
+0.97 (+3.32%)
CARGURUS INC / CARG FAQ
What is the ChartMill technical rating of CARGURUS INC (CARG) stock?
ChartMill assigns a technical rating of 0 / 10 to CARG.
What is the trend direction for CARG stock?
The current trend direction for CARGURUS INC (CARG) is Bearish.
What is the RSI signal for CARGURUS INC (CARG) stock?
CARGURUS INC (CARG) has an RSI value of 44.4881. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for CARGURUS INC?
The buy/sell signal for CARGURUS INC (CARG) is sell as both the short term and long term trends are negative.
What is the support and resistance level for CARG stock?
CARGURUS INC (CARG) has a support level at 27.34 and a resistance level at 38.21. Check the full technical report for our detailed analysis of CARG support and resistance levels.