CARGURUS INC (CARG) Stock Technical Analysis
NASDAQ:CARG - Nasdaq - US1417881091 - Common Stock - Currency: USD
Overall CARG gets a technical rating of 0 out of 10. CARG'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.
61% of all other stocks performed better in the past year than CARG.
In the last month CARG has a been trading in the 28.93 - 34.70 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
CARG is part of the Interactive Media & Services industry. There are 70 other stocks in this industry, CARG did better than 50% 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.
The technical rating of CARG is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
26.03
33.97
When analyzing the support we can see 2 important areas.
- Support @28.52 from a trend line in the weekly time frame.
- Support @26.29 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 31.81 to 31.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 32.67 to 33.63. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The short term trend for CARG is down. |
| ChartMill Relative Strength | 39.21 | 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 | NEGATIVE | The current price of CARG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 23.73 | OVERSOLD | The low RSI value suggests CARG may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.41 | NEGATIVE | The MACD value suggests CARG has a negative trend. |
| Stochastics (14,3) | 17.15 | OVERSOLD | The low Stochastics value suggests CARG may be oversold. |
| Average True Range in percent/ATR (20) | 3.13 | MEDIUM VOLATILITY | The ATR as a percentage value for CARG suggests some volalility. |
| Average Directional Index/ADX (14) | 18.96 | NEGATIVE | The low ADX value for CARG suggests a weak or negative 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)
29.11
-2.3 (-7.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg-7.32%
1 Week-8.63%
2 Weeks-13.13%
1 Month-15.13%
3 Month-6.34%
6 Month-26.45%
12 Month8.05%
2 Year60.74%
3 Year55.67%
5 Year19.4%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.97
ATR(20)%3.13%
ATR Inc186.15%
Range Today2.27
ADR(20)0.88
ADR(20)%3.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS39.21
Mansfield-1.75
10 Day High33.84
10 Day Low28.93
20 Day High34.71
20 Day Low28.93
52 Week High41.33
52 Week Low24.65
CS1 End28.52
CR1 Start31.81
Volume & EV
DER(3)3.88%
DER(5)1.77%
Volume2.01M
Volume Incr105.74%
Vol(5)1.52M
Vol(50)860.20K