CARGURUS INC (CARG) Stock Technical Analysis
USA - NASDAQ:CARG - US1417881091 - Common Stock
33.34 USD
+0.21 (+0.63%)
33.34 USD
0 (0%)
We assign a technical rating of 2 out of 10 to CARG. CARG has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
CARG has an average volume of 1005400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, CARG outperforms 61% of them, which is more or less in line with the market.
CARG is part of the Interactive Media & Services industry. There are 70 other stocks in this industry, CARG did better than 68% of them.
CARG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CARG is lagging the market slightly.
In the last month CARG has a been trading in the 32.46 - 36.99 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CARG has a poor technical rating and the quality of the setup is also only medium at the moment. Prices have been consolidating lately.
More info and screens
28.54
38.60
We found 4 important support areas.
- Support @32.10 from a trend line in the daily time frame.
- Support @31.15 from a trend line in the weekly time frame.
- Support @30.25 from a trend line in the daily time frame.
- A support zone ranging from 28.83 to 29.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 34.44 to 34.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 35.81 to 35.90. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 37.59 to 38.22. 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 | NEUTRAL | NEUTRAL | The long term trend for CARG is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CARG is neutral. |
| ChartMill Relative Strength | 61.35 | NEUTRAL | CARG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CARG is below 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) | DOWN | MIXED | The current price of CARG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.75 | NEUTRAL | The RSI value for CARG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests CARG has a negative trend. |
| Stochastics (14,3) | 13.44 | OVERSOLD | The low Stochastics value suggests CARG may be oversold. |
| Average True Range in percent/ATR (20) | 3.54 | MEDIUM VOLATILITY | The ATR as a percentage value for CARG suggests some volalility. |
| Average Directional Index/ADX (14) | 20.16 | NEUTRAL | The ADX value for CARG suggests a possible start of a new 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)
33.34
+0.21 (+0.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg0.63%
1 Week-5.07%
2 Weeks-9.38%
1 Month-0.48%
3 Month14.53%
6 Month7.27%
12 Month-4.22%
2 Year54.21%
3 Year154.89%
5 Year33.09%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.21
ATR(20)%3.54%
ATR Inc171.99%
Range Today3.28
ADR(20)1.13
ADR(20)%3.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.35
3 months CRS83.14
6 months CRS51.52
Mansfield-1.06
10 Day High36.97
10 Day Low32.46
20 Day High36.99
20 Day Low32.46
52 Week High41.33
52 Week Low24.65
CS1 End32.1
CR1 Start34.44
Volume & EV
DER(3)0.47%
DER(5)0.32%
Volume1.81M
Volume Incr57.79%
Vol(5)1.33M
Vol(50)1.01M
CARGURUS INC / CARG FAQ
What is the ChartMill technical rating of CARGURUS INC (CARG) stock?
ChartMill assigns a technical rating of 2 / 10 to CARG.
Can you provide the trend direction for CARGURUS INC?
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 37.7469. 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 32.1 and a resistance level at 34.44. Check the full technical report for our detailed analysis of CARG support and resistance levels.