MAPLEBEAR INC (CART) Stock Technical Analysis
NASDAQ:CART - Nasdaq - US5653941030 - Common Stock - Currency: USD
Overall CART gets a technical rating of 7 out of 10. In the last year, CART was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
In the last month CART has a been trading in the 43.28 - 47.84 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, CART did better than 87% of all other stocks. We also observe that the gains produced by CART over the past year are nicely spread over this period.
CART is one of the better performing stocks in the Consumer Staples Distribution & Retail industry, it outperforms 72% of 41 stocks in the same industry.
CART has an average volume of 4249850 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
CART is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CART is lagging the market slightly.
Although CART has an excellent technical rating, the quality of the presented setup is not ideal 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
36.74
47.59
We found 3 important support areas.
- Support @39.67 from a trend line in the weekly time frame.
- Support @38.20 from a trend line in the daily time frame.
- A support zone ranging from 37.11 to 37.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 45.23 to 45.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 47.00 to 47.12. 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 | UP | POSITIVE | The long term trend for CART is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CART is down. |
| ChartMill Relative Strength | 87.35 | POSITIVE | CART has a high relative strength, it outperformed 87.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CART is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CART is below 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) | 40.28 | NEUTRAL | The RSI value for CART is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.49 | NEGATIVE | The MACD value suggests CART has a negative trend. |
| Stochastics (14,3) | 7.53 | OVERSOLD | The low Stochastics value suggests CART may be oversold. |
| Average True Range in percent/ATR (20) | 2.76 | MEDIUM VOLATILITY | The ATR as a percentage value for CART suggests some volalility. |
| Average Directional Index/ADX (14) | 14.92 | 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)
43.37
-0.71 (-1.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg-1.61%
1 Week-5.04%
2 Weeks-5.04%
1 Month-1.7%
3 Month12.44%
6 Month3.81%
12 Month32.87%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.15
ATR(20)%2.76%
ATR Inc-25.98%
Range Today0.99
ADR(20)1.2
ADR(20)%2.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.35
Mansfield0.11
10 Day High47.84
10 Day Low43.28
20 Day High47.84
20 Day Low43.28
52 Week High53.44
52 Week Low29.84
CS1 End39.67
CR1 Start45.23
Volume & EV
DER(3)1.82%
DER(5)0.47%
Volume3.41M
Volume Incr-6.84%
Vol(5)3.38M
Vol(50)4.25M