MAPLEBEAR INC (CART) Stock Technical Analysis
NASDAQ:CART • US5653941030
Overall CART gets a technical rating of 0 out of 10. CART's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, CART is a bad performer in the overall market: 80% of all stocks are doing better.
- CART is part of the Consumer Staples Distribution & Retail industry. There are 38 other stocks in this industry, of which 67% are performing better than CART.
- CART is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- CART has an average volume of 5336980 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month CART has a been trading in the 32.73 - 40.83 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CART 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 support zone below the current price at 35.32, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CART 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
34.28
When analyzing the support we notice one important area.
- A support zone ranging from 34.63 to 35.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 36.31 to 36.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 42.95 to 43.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @46.99 from a horizontal line in the daily time frame.
- Resistance @52.37 from a horizontal line in the weekly 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 CART is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CART is down. |
| ChartMill Relative Strength | 20.03 | NEGATIVE | CART has a low relative strength, it was outperformed by 79.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CART is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CART is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CART is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.04 | NEUTRAL | The RSI value for CART is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests CART has a positive trend. |
| Stochastics (14,3) | 46.8 | NEUTRAL | The Stochastics value for CART is a neutral value. |
| Average True Range in percent/ATR (20) | 4.94 | MEDIUM VOLATILITY | The ATR as a percentage value for CART suggests some volalility. |
| Average Directional Index/ADX (14) | 33.57 | POSITIVE | The high ADX value value for CART suggests a strong trend. |
36.16
-0.09 (-0.25%)
MAPLEBEAR INC / CART FAQ
What is the technical rating for CART stock?
ChartMill assigns a technical rating of 0 / 10 to CART.
What is the current trend direction of MAPLEBEAR INC (CART) stock?
The current trend direction for MAPLEBEAR INC (CART) is Bearish.
What is the RSI signal for MAPLEBEAR INC (CART) stock?
MAPLEBEAR INC (CART) has an RSI value of 45.036. This indicates that the stock is currently neutral.
Can you provide the short term momentum for MAPLEBEAR INC?
The short term momentum for MAPLEBEAR INC (CART) is negative.
What is the buy/sell signal for CART stock?
The buy/sell signal for MAPLEBEAR INC (CART) is sell as both the short term and long term trends are negative.