CARS.COM INC (CARS) Stock Technical Analysis
USA - NYSE:CARS - US14575E1055 - Common Stock
We assign a technical rating of 0 out of 10 to CARS. CARS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
CARS has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 11.16. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.05, a Stop Loss order could be placed below this zone.
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9.94
When analyzing the support we notice one important area.
- A support zone ranging from 10.04 to 10.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 11.16 to 11.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @12.33 from a trend line in the weekly time frame.
- Resistance @12.61 from a trend line in the daily time frame.
- Resistance @13.48 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 | DOWN | NEGATIVE | The long term trend for CARS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CARS is down. |
| ChartMill Relative Strength | 10.01 | NEGATIVE | CARS has a low relative strength, it was outperformed by 89.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CARS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CARS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CARS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.62 | NEUTRAL | The RSI value for CARS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests CARS has a positive trend. |
| Stochastics (14,3) | 41.69 | NEUTRAL | The Stochastics value for CARS is a neutral value. |
| Average True Range in percent/ATR (20) | 4.37 | MEDIUM VOLATILITY | The ATR as a percentage value for CARS suggests some volalility. |
| Average Directional Index/ADX (14) | 24.1 | NEUTRAL | The ADX value for CARS suggests a possible start of a new trend. |
10.74
+0.13 (+1.23%)
CARS.COM INC / CARS FAQ
What is the technical rating for CARS stock?
ChartMill assigns a technical rating of 0 / 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 41.6221. This indicates that the stock is currently neutral.
What is the buy/sell signal for CARS.COM INC (CARS) stock?
The buy/sell signal for CARS.COM INC (CARS) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for CARS.COM INC (CARS) stock?
CARS.COM INC (CARS) has a support level at 10.05 and a resistance level at 11.16. Check the full technical report for our detailed analysis of CARS support and resistance levels.