MAPLEBEAR INC (CART) Technical Analysis
NASDAQ:CART • US5653941030
Current stock price
42.23 USD
-0.86 (-2%)
At close:
42 USD
-0.23 (-0.54%)
After Hours:
CART Technical Rating and Analysis
Overall CART gets a technical rating of 8 out of 10. Although CART is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- CART is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
- CART has an average volume of 3973900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, CART outperforms 46% of them, which is more or less in line with the market.
- CART is part of the Consumer Staples Distribution & Retail industry. There are 37 other stocks in this industry, CART did better than 55% of them.
- CART is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CART is lagging the market.
CART Weekly and Daily overview Charts
CART Setup Rating and Analysis
CART has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
CART Support and Resistance Analysis
34.76
52.89
When analyzing the support we can see 4 important areas.
- A support zone ranging from 42.16 to 42.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @37.61 from a trend line in the daily time frame.
- Support @36.49 from a trend line in the weekly time frame.
- Support @35.11 from a trend line in the weekly time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 42.24 to 42.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 43.74 to 44.02. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @46.99 from a horizontal line in the daily time frame.
- Resistance @49.38 from a trend line in the weekly time frame.
- Resistance @52.37 from a horizontal line in the weekly time frame.
CART 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 | UP | POSITIVE | The long term trend for CART is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CART is up. |
| ChartMill Relative Strength | 46.95 | NEUTRAL | CART is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CART is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CART is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CART is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.91 | NEUTRAL | The RSI value for CART is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests CART has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.74 | NEUTRAL | The Stochastics value for CART is a neutral value. |
| Average True Range in percent/ATR (20) | 3.91 | MEDIUM VOLATILITY | The ATR as a percentage value for CART suggests some volalility. |
| Average Directional Index/ADX (14) | 22.02 | NEUTRAL | The ADX value for CART suggests a possible start of a new trend. |
CART Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
CART Example Setup
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 |
|---|---|---|---|
| 42.51 | 42.15 | 0.36 (0.85%) | 25.00% |
| An entry @42.51. This is a Buy Stop order right above the resistance zone. | An exit @42.15. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.36 points, which is 0.85%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.21%. |
- The distance between exit and entry is rather small compared to the average daily movement of CART. Please evaluate whether better entry and exit points can be found.
- 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.
CART Technicals: Chart, Performance Metrics, Trend & Indicators
42.23
-0.86 (-2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg-2%
1 Week-1.45%
2 Weeks6.83%
1 Month13.55%
3 Month13.64%
6 Month14.57%
12 Month-6.61%
2 Year23.73%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.68
ATR(20)%3.91%
ATR Inc3.73%
Range Today1.87
ADR(20)1.61
ADR(20)%3.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.95
3 months CRS86.96
6 months CRS79.12
Mansfield-0.8
10 Day High44.77
10 Day Low39.49
20 Day High44.77
20 Day Low36.76
52 Week High53.5
52 Week Low32.73
CS1 End42.22
CR1 Start42.24
Volume & EV
DER(3)-0.14%
DER(5)0.48%
Volume1.92M
Volume Incr-30.89%
Vol(5)2.39M
Vol(50)3.97M
MAPLEBEAR INC / CART TA FAQ
What is the technical rating for CART stock?
ChartMill assigns a technical rating of 8 / 10 to CART.
What is the trend direction for CART stock?
The current trend direction for MAPLEBEAR INC (CART) is Bullish.
Can you provide the RSI signal for MAPLEBEAR INC?
MAPLEBEAR INC (CART) has an RSI value of 56.9051. This indicates that the stock is currently neutral.
What is the MACD signal for MAPLEBEAR INC (CART) stock?
The MACD indicator for MAPLEBEAR INC (CART) has a value of 0.0788463, indicating a bearish trend.
What is the short term momentum for MAPLEBEAR INC (CART) stock?
The short term momentum for MAPLEBEAR INC (CART) is positive.