COUPANG INC (CPNG) Technical Analysis
NYSE:CPNG • US22266T1097
Current stock price
CPNG Technical Rating and Analysis
Taking everything into account, CPNG scores 1 out of 10 in our technical rating. CPNG'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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, CPNG is a bad performer in the overall market: 81% of all stocks are doing better.
- CPNG is part of the Broadline Retail industry. There are 30 other stocks in this industry, of which 62% are performing better than CPNG.
- CPNG is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CPNG is lagging the market.
- CPNG has an average volume of 25895300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month CPNG has a been trading in the 17.73 - 21.65 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CPNG Weekly and Daily overview Charts
CPNG Setup Rating and Analysis
Although the technical rating is bad, CPNG does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
CPNG Support and Resistance Analysis
16.62
4 important support areas can be observed.
- Support @19.49 from a trend line in the daily time frame.
- A support zone ranging from 18.76 to 19.04. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @18.28 from a trend line in the daily time frame.
- A support zone ranging from 16.79 to 16.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @19.52 from a horizontal line in the weekly time frame.
- Resistance @20.33 from a horizontal line in the daily time frame.
- Resistance @20.80 from a horizontal line in the daily time frame.
CPNG 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 | DOWN | NEGATIVE | The long term trend for CPNG is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CPNG is neutral. |
| ChartMill Relative Strength | 19.61 | NEGATIVE | CPNG has a low relative strength, it was outperformed by 80.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CPNG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CPNG is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CPNG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.27 | NEUTRAL | The RSI value for CPNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests CPNG has a positive trend. |
| Stochastics (14,3) | 35.63 | NEUTRAL | The Stochastics value for CPNG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.38 | MEDIUM VOLATILITY | The ATR as a percentage value for CPNG suggests some volalility. |
| Average Directional Index/ADX (14) | 12.22 | NEGATIVE | The low ADX value for CPNG suggests a weak or negative trend. |
CPNG Chart- and CandleStick Pattern Analysis
CPNG Technicals: Chart, Performance Metrics, Trend & Indicators
19.51
+0.56 (+2.96%)
COUPANG INC / CPNG TA FAQ
What is the technical rating for CPNG stock?
ChartMill assigns a technical rating of 1 / 10 to CPNG.
Can you provide the trend direction for COUPANG INC?
The current trend direction for COUPANG INC (CPNG) is Bearish.
What is the RSI signal for COUPANG INC (CPNG) stock?
COUPANG INC (CPNG) has an RSI value of 54.2742. This indicates that the stock is currently neutral.
What is the short term momentum for CPNG stock?
The short term momentum for COUPANG INC (CPNG) is neutral.
Can you provide the support and resistance levels for COUPANG INC?
COUPANG INC (CPNG) has a support level at 19.49 and a resistance level at 19.52. Check the full technical report for our detailed analysis of CPNG support and resistance levels.