We assign a technical rating of 4 out of 10 to CARG. In the last year, CARG was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
Although the technical rating is only medium, CARG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 36.79. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 35.54, a Stop Loss order could be placed below this zone.
More info and screens
31.45
3 important support areas can be observed.
- A support zone ranging from 34.15 to 35.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 32.80 to 33.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @31.77 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 36.79 to 37.85. 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 CARG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CARG is neutral. |
| ChartMill Relative Strength | 34.32 | NEUTRAL | CARG is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of CARG is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CARG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.41 | NEUTRAL | The RSI value for CARG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests CARG has a positive trend. |
| Stochastics (14,3) | 72.99 | NEUTRAL | The Stochastics value for CARG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.79 | MEDIUM VOLATILITY | The ATR as a percentage value for CARG suggests some volalility. |
| Average Directional Index/ADX (14) | 11.88 | NEGATIVE | The low ADX value for CARG suggests a weak or negative trend. |
35.65
+0.37 (+1.05%)
CARGURUS INC / CARG FAQ
What is the ChartMill technical rating of CARGURUS INC (CARG) stock?
ChartMill assigns a technical rating of 4 / 10 to CARG.
Can you provide the trend direction for CARGURUS INC?
The current trend direction for CARGURUS INC (CARG) is Bullish.
What is the RSI signal for CARGURUS INC (CARG) stock?
CARGURUS INC (CARG) has an RSI value of 53.4062. This indicates that the stock is currently neutral.
What is the short term momentum for CARG stock?
The short term momentum for CARGURUS INC (CARG) is neutral.
Can you provide the support and resistance levels for CARGURUS INC?
CARGURUS INC (CARG) has a support level at 35.54 and a resistance level at 36.79. Check the full technical report for our detailed analysis of CARG support and resistance levels.