CARGURUS INC (CARG) Stock Technical Analysis
NASDAQ:CARG - US1417881091 - Common Stock
34.6 USD
+0.22 (+0.64%)
34.6 USD
0 (0%)
Overall CARG gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CARG is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month CARG has a been trading in the 28.80 - 34.94 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that CARG is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
CARG is part of the Interactive Media & Services industry. There are 70 other stocks in this industry, CARG did better than 60% 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.
Although CARG has an excellent technical rating, it does not present a decent entry opportunity 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
27.73
35.15
6 important support areas can be observed.
- Support @34.04 from a trend line in the daily time frame.
- A support zone ranging from 32.31 to 33.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @31.73 from a horizontal line in the daily time frame.
- Support @29.81 from a trend line in the daily time frame.
- Support @28.89 from a trend line in the weekly time frame.
- Support @28.01 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @34.80 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 | UP | POSITIVE | The long term trend for CARG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CARG is up. |
| ChartMill Relative Strength | 75.22 | POSITIVE | CARG has a high relative strength, it outperformed 75.22% 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) | DOWN | MIXED | The current price of CARG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.9 | NEUTRAL | The RSI value for CARG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.35 | POSITIVE | The MACD value suggests CARG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.32 | OVERBOUGHT | The high Stochastics value suggests CARG may be overbought. |
| Average True Range in percent/ATR (20) | 3.07 | MEDIUM VOLATILITY | The ATR as a percentage value for CARG suggests some volalility. |
| Average Directional Index/ADX (14) | 20.4 | 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)
34.6
+0.22 (+0.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg0.64%
1 Week1.23%
2 Weeks6.82%
1 Month8.6%
3 Month10.4%
6 Month7.49%
12 Month19.39%
2 Year91.05%
3 Year85.03%
5 Year41.92%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.94
ATR(20)%3.07%
ATR Inc-42.69%
Range Today0.63
ADR(20)1.03
ADR(20)%2.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.22
Mansfield-0.33
10 Day High34.94
10 Day Low31.36
20 Day High34.94
20 Day Low28.8
52 Week High41.33
52 Week Low24.65
CS1 End34.04
CR1 Start34.8
Volume & EV
DER(3)3.02%
DER(5)2.07%
Volume934.10K
Volume Incr5.17%
Vol(5)1.20M
Vol(50)993.42K