CARS.COM INC (CARS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CARS - US14575E1055 - Common Stock
Overall CARS gets a technical rating of 3 out of 10. In the past year, CARS was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The technical rating of CARS 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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9.95
When analyzing the support we can see 4 important areas.
- A support zone ranging from 11.30 to 11.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.10 from a trend line in the daily time frame.
- A support zone ranging from 10.73 to 10.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 10.05 to 10.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 13.48 to 13.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 CARS is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CARS is up. |
| ChartMill Relative Strength | 14.2 | NEGATIVE | CARS has a low relative strength, it was outperformed by 85.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CARS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CARS is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CARS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.38 | NEUTRAL | The RSI value for CARS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests CARS has a positive trend. |
| Stochastics (14,3) | 92.09 | OVERBOUGHT | The high Stochastics value suggests CARS may be overbought. |
| Average True Range in percent/ATR (20) | 4.06 | MEDIUM VOLATILITY | The ATR as a percentage value for CARS suggests some volalility. |
| Average Directional Index/ADX (14) | 17.01 | NEGATIVE | The low ADX value for CARS suggests a weak or negative trend. |
12.37
+0.43 (+3.6%)
CARS.COM INC / CARS FAQ
What is the technical rating for CARS stock?
ChartMill assigns a technical rating of 3 / 10 to CARS.
What is the trend direction for CARS stock?
The current trend direction for CARS.COM INC (CARS) is Bearish.
What is the RSI signal for CARS stock?
CARS.COM INC (CARS) has an RSI value of 65.3807. This indicates that the stock is currently neutral.
What are the support and resistance levels for CARS.COM INC (CARS) stock?
CARS.COM INC (CARS) has a support level at 11.72 and a resistance level at 13.48. Check the full technical report for our detailed analysis of CARS support and resistance levels.