COUPANG INC (CPNG) Technical Analysis
NYSE:CPNG • US22266T1097
Current stock price
CPNG Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to CPNG. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 82% of all other stocks performed better in the past year than CPNG.
- CPNG is part of the Broadline Retail industry. There are 30 other stocks in this industry, of which 72% 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.
- In the last month CPNG has a been trading in the 17.73 - 21.65 range, which is quite wide. It is currently trading near the lows of this range.
- CPNG has an average volume of 26006900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CPNG Weekly and Daily overview Charts
CPNG Setup Rating and Analysis
Although the technical rating is bad, CPNG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 18.96. Right above this resistance zone may be a good entry point.
More info and screens
CPNG Support and Resistance Analysis
16.62
2 important support areas can be observed.
- Support @18.24 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.
We can see 4 important resistance areas.
- A resistance zone ranging from 18.96 to 19.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 19.92 to 19.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | DOWN | NEGATIVE | The short term trend for CPNG is down. |
| ChartMill Relative Strength | 18.52 | NEGATIVE | CPNG has a low relative strength, it was outperformed by 81.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CPNG is below a declining 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) | 49.54 | NEUTRAL | The RSI value for CPNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CPNG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.27 | NEUTRAL | The Stochastics value for CPNG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.52 | MEDIUM VOLATILITY | The ATR as a percentage value for CPNG suggests some volalility. |
| Average Directional Index/ADX (14) | 12.7 | 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
18.95
+0.03 (+0.16%)
COUPANG INC / CPNG TA FAQ
What is the technical rating for CPNG stock?
ChartMill assigns a technical rating of 0 / 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 49.5404. 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 negative.
Can you provide the support and resistance levels for COUPANG INC?
COUPANG INC (CPNG) has a support level at 18.24 and a resistance level at 18.96. Check the full technical report for our detailed analysis of CPNG support and resistance levels.