CARGURUS INC (CARG) Technical Analysis
NASDAQ:CARG • US1417881091
Current stock price
CARG Technical Rating and Analysis
Taking everything into account, CARG scores 1 out of 10 in our technical rating. 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.
- 77% of all other stocks performed better in the past year than CARG.
- CARG has an average volume of 1262240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- CARG is part of the Interactive Media & Services industry. There are 69 other stocks in this industry, CARG did better than 66% 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 26.77 - 34.93 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CARG Weekly and Daily overview Charts
CARG Setup Rating and Analysis
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
CARG Support and Resistance Analysis
26.69
We found 1 important support area.
- A support zone ranging from 26.96 to 27.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 32.46 to 32.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 33.45 to 33.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 34.21 to 34.23. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @38.21 from a horizontal line in the daily time frame.
- Resistance @39.77 from a horizontal line in the weekly time frame.
CARG Technical Indicator Signal Analysis
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 | 23.89 | NEGATIVE | CARG has a low relative strength, it was outperformed by 76.11% 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) | 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) | 46.39 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 47.55 | NEUTRAL | The Stochastics value for CARG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.72 | MEDIUM VOLATILITY | The ATR as a percentage value for CARG suggests some volalility. |
| Average Directional Index/ADX (14) | 23.37 | NEUTRAL | The ADX value for CARG suggests a possible start of a new trend. |
CARG Chart- and CandleStick Pattern Analysis
CARG Technicals: Chart, Performance Metrics, Trend & Indicators
30.86
-0.1 (-0.32%)
CARGURUS INC / CARG TA FAQ
What is the ChartMill technical rating of CARGURUS INC (CARG) stock?
ChartMill assigns a technical rating of 1 / 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 46.3903. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for CARGURUS INC?
CARGURUS INC (CARG) has a support level at 27.56 and a resistance level at 32.46. Check the full technical report for our detailed analysis of CARG support and resistance levels.