CARG Technical Analysis - CARGURUS INC

Technical Rating and Analysis

Taking everything into account, CARG scores 3 out of 10 in our technical rating. In the last year, CARG was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.

CARG has an average volume of 1135380 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.

When compared to the yearly performance of all other stocks, CARG outperforms 65% of them, which is more or less in line with the market.

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 currently trading near new highs, so CARG is lagging the market.

In the last month CARG has a been trading in the 33.13 - 38.63 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

28.29

38.60

We found 4 important support areas.

A support zone ranging from 33.49 to 33.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @31.30 from a trend line in the daily time frame.
Support @30.68 from a trend line in the weekly time frame.
Support @28.58 from a trend line in the weekly time frame.

We found 1 important resistance area.

A resistance zone ranging from 37.85 to 38.22. This zone is formed by a combination of multiple trend lines in the daily time frame.

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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	65.58	NEUTRAL	CARG is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of CARG is below 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)	DOWN	MIXED	The current price of CARG is above a declining SMA(200).
Relative Strength Index/RSI (14)	45.65	NEUTRAL	The RSI value for CARG is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.39	NEGATIVE	The MACD value suggests CARG has a negative trend, although the MACD value is rising.
Stochastics (14,3)	27.71	NEUTRAL	The Stochastics value for CARG is a neutral value.
Average True Range in percent/ATR (20)	2.99	MEDIUM VOLATILITY	The ATR as a percentage value for CARG suggests some volalility.
Average Directional Index/ADX (14)	27.24	POSITIVE	The high ADX value value for CARG suggests a strong trend.