MAPLEBEAR INC (CART) Stock Technical Analysis
USA - NASDAQ:CART - US5653941030 - Common Stock
We assign a technical rating of 2 out of 10 to CART. In the past year, CART 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 CART 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.
More info and screens
36.37
When analyzing the support we notice one important area.
- Support @36.74 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 41.06 to 41.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 52.37 to 53.15. 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 | DOWN | NEGATIVE | The long term trend for CART is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CART is up. |
| ChartMill Relative Strength | 30.74 | 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) | DOWN | MIXED | The current price of CART is above 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) | 61.46 | NEUTRAL | The RSI value for CART is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.59 | POSITIVE | The MACD value suggests CART has a positive trend. |
| Stochastics (14,3) | 88.76 | OVERBOUGHT | The high Stochastics value suggests CART may be overbought. |
| Average True Range in percent/ATR (20) | 3.63 | MEDIUM VOLATILITY | The ATR as a percentage value for CART suggests some volalility. |
| Average Directional Index/ADX (14) | 26.85 | POSITIVE | The high ADX value value for CART suggests a strong trend. |
41.05
+0.72 (+1.79%)
MAPLEBEAR INC / CART FAQ
What is the ChartMill technical rating of MAPLEBEAR INC (CART) stock?
ChartMill assigns a technical rating of 2 / 10 to CART.
Can you provide the trend direction for MAPLEBEAR INC?
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 61.4625. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MAPLEBEAR INC?
The MACD indicator for MAPLEBEAR INC (CART) has a value of 0.590357, indicating a bearish trend.
Can you provide the short term momentum for MAPLEBEAR INC?
The short term momentum for MAPLEBEAR INC (CART) is positive.