Taking everything into account, CARG scores 8 out of 10 in our technical rating. Although CARG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, CARG also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 37.09, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
31.92
We found 4 important support areas.
- A support zone ranging from 36.44 to 37.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 35.17 to 35.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 33.33 to 33.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @32.24 from a trend line in the weekly 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 | 56.48 | 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) | UP | POSITIVE | The current price of CARG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CARG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.61 | NEUTRAL | The RSI value for CARG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests CARG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.56 | OVERBOUGHT | The high Stochastics value suggests CARG may be overbought. |
| Average True Range in percent/ATR (20) | 2.63 | MEDIUM VOLATILITY | The ATR as a percentage value for CARG suggests some volalility. |
| Average Directional Index/ADX (14) | 17.49 | NEGATIVE | The low ADX value for CARG suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 39.28 | 36.54 | 2.74 (6.98%) | 14.34% |
| An entry @39.28. This is a Buy Stop order right above the 10 day high. | An exit @36.54. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.74 points, which is 6.98%. | When investing 14.34% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
39.03
+0.11 (+0.28%)
CARGURUS INC / CARG FAQ
What is the ChartMill technical rating of CARGURUS INC (CARG) stock?
ChartMill assigns a technical rating of 8 / 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 69.6064. 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 positive.
Can you provide the support and resistance levels for CARGURUS INC?
CARGURUS INC (CARG) has a support level at 37.09. Check the full technical report for our detailed analysis of CARG support and resistance levels.