CARGURUS INC (CARG) Stock Technical Analysis
NASDAQ:CARG - Nasdaq - US1417881091 - Common Stock - Currency: USD
Overall CARG gets a technical rating of 6 out of 10. Although CARG is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is only medium, CARG does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 31.14, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CARG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
27.37
We found 2 important support areas.
- A support zone ranging from 30.78 to 31.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.65 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 31.87 to 32.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @33.65 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 | NEUTRAL | NEUTRAL | The long term trend for CARG is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CARG is neutral. |
| ChartMill Relative Strength | 82.3 | POSITIVE | CARG has a high relative strength, it outperformed 82.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CARG is above a declining 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 | MIXED | The current price of CARG is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.74 | NEUTRAL | The RSI value for CARG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests CARG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.76 | NEUTRAL | The Stochastics value for CARG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.43 | MEDIUM VOLATILITY | The ATR as a percentage value for CARG suggests some volalility. |
| Average Directional Index/ADX (14) | 13.13 | 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 |
|---|---|---|---|
| 32.48 | 30.77 | 1.71 (5.26%) | 18.99% |
| An entry @32.48. This is a Buy Stop order right above the resistance zone. | An exit @30.77. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.71 points, which is 5.26%. | When investing 18.99% 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.
31.75
+0.57 (+1.83%)