CARGURUS INC (CARG) Technical Analysis
NASDAQ:CARG • US1417881091
Current stock price
33.6 USD
-0.39 (-1.15%)
At close:
33.6 USD
0 (0%)
After Hours:
CARG Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to CARG. CARG has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- CARG is part of the Interactive Media & Services industry. There are 69 other stocks in this industry. CARG outperforms 75% of them.
- In the last month CARG has a been trading in the 27.57 - 35.01 range, which is quite wide. It is currently trading near the high of this range.
- CARG has an average volume of 1365620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, CARG outperforms 44% of them, which is more or less in line with the market.
- 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.
CARG Weekly and Daily overview Charts
CARG Setup Rating and Analysis
CARG has an average technical rating and also the quality of the setup is only medium 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
27.31
40.17
We found 3 important support areas.
- A support zone ranging from 31.84 to 32.00. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 30.85 to 30.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @27.59 from a trend line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @33.67 from a horizontal line in the weekly time frame.
- 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 | UP | POSITIVE | The short term trend for CARG is up. |
| ChartMill Relative Strength | 44.79 | 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) | DOWN | MIXED | The current price of CARG is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CARG is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.39 | NEUTRAL | The RSI value for CARG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests CARG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.54 | NEUTRAL | The Stochastics value for CARG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.5 | MEDIUM VOLATILITY | The ATR as a percentage value for CARG suggests some volalility. |
| Average Directional Index/ADX (14) | 22.67 | NEUTRAL | The ADX value for CARG suggests a possible start of a new trend. |
CARG Chart- and CandleStick Pattern Analysis
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)
CARG Technicals: Chart, Performance Metrics, Trend & Indicators
33.6
-0.39 (-1.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg-1.15%
1 Week8.88%
2 Weeks-0.18%
1 Month11.37%
3 Month-13%
6 Month-10.02%
12 Month11.59%
2 Year45.58%
3 Year79.87%
5 Year41%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.47
ATR(20)%4.5%
ATR Inc-6.73%
Range Today1.16
ADR(20)1.49
ADR(20)%4.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.79
3 months CRS26.12
6 months CRS33.28
Mansfield-0.01
10 Day High35.01
10 Day Low30.52
20 Day High35.01
20 Day Low27.57
52 Week High39.42
52 Week Low24.65
CS1 End32
CR1 Start33.67
Volume & EV
DER(3)2.26%
DER(5)4.02%
Volume3.25M
Volume Incr7.7%
Vol(5)1.80M
Vol(50)1.37M
CARGURUS INC / CARG TA FAQ
What is the ChartMill technical rating of CARGURUS INC (CARG) stock?
ChartMill assigns a technical rating of 4 / 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 58.3901. 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 32 and a resistance level at 33.67. Check the full technical report for our detailed analysis of CARG support and resistance levels.