MAPLEBEAR INC (CART) Stock Technical Analysis
NASDAQ:CART - Nasdaq - US5653941030 - Common Stock - Currency: USD
Overall CART gets a technical rating of 9 out of 10. CART has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, CART did better than 83% of all other stocks.
CART is one of the better performing stocks in the Consumer Staples Distribution & Retail industry, it outperforms 76% of 40 stocks in the same industry.
CART is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CART is lagging the market slightly.
In the last month CART has a been trading in the 42.88 - 47.84 range, which is quite wide. It is currently trading near the high of this range.
CART has an average volume of 4088770 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CART has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 44.71, a Stop Loss order could be placed below this zone.
More info and screens
39.96
47.65
We found 3 important support areas.
- A support zone ranging from 44.37 to 45.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 43.13 to 43.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @40.36 from a trend 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 | 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 | 83.31 | POSITIVE | CART has a high relative strength, it outperformed 83.31% off all stocks 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) | UP | POSITIVE | The current price of CART is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.33 | NEUTRAL | The RSI value for CART is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests CART has a positive trend. |
| Stochastics (14,3) | 92.47 | OVERBOUGHT | The high Stochastics value suggests CART may be overbought. |
| Average True Range in percent/ATR (20) | 2.7 | MEDIUM VOLATILITY | The ATR as a percentage value for CART suggests some volalility. |
| Average Directional Index/ADX (14) | 12.75 | NEGATIVE | The low ADX value for CART suggests a weak or negative trend. |
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)
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 |
|---|---|---|---|
| 44.93 | 42.87 | 2.06 (4.58%) | 21.81% |
| An entry @44.93. This is a Buy Stop order right above the resistance zone. | An exit @42.87. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.06 points, which is 4.58%. | For a 1.00% total portfolio risk, you can invest 21.81% of your capital in this trade. |
- 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.
47.18
+1.1 (+2.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg2.39%
1 Week4.98%
2 Weeks9.36%
1 Month2.12%
3 Month26.25%
6 Month5.01%
12 Month36.83%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.27
ATR(20)%2.7%
ATR Inc0.64%
Range Today1.34
ADR(20)1.25
ADR(20)%2.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.31
Mansfield0.38
10 Day High47.42
10 Day Low42.88
20 Day High47.84
20 Day Low42.88
52 Week High53.44
52 Week Low29.84
CS1 End44.71
CR1 Start44.92
Volume & EV
DER(3)-0.29%
DER(5)0.81%
Volume1.99M
Volume Incr-25.8%
Vol(5)2.80M
Vol(50)4.09M