COUPANG INC (CPNG) Stock Technical Analysis
NYSE:CPNG - New York Stock Exchange, Inc. - US22266T1097 - Common Stock - Currency: USD
Overall CPNG gets a technical rating of 10 out of 10. Both in the recent history as in the last year, CPNG has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that CPNG is one of the better performing stocks in the market, outperforming 89% of all stocks. On top of that, CPNG also shows a nice and consistent pattern of rising prices.
CPNG is part of the Broadline Retail industry. There are 28 other stocks in this industry. CPNG outperforms 88% of them.
CPNG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
CPNG has an average volume of 10255300 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 29.53 - 31.64 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, CPNG also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
19.98
31.80
When analyzing the support we can see 3 important areas.
- A support zone ranging from 28.10 to 28.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.60 from a trend line in the weekly time frame.
- Support @20.18 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 31.49 to 31.49. 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 CPNG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CPNG is up. |
| ChartMill Relative Strength | 89.47 | POSITIVE | CPNG has a high relative strength, it outperformed 89.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CPNG is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CPNG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CPNG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.35 | NEUTRAL | The RSI value for CPNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests CPNG has a negative trend. |
| Stochastics (14,3) | 34.72 | NEUTRAL | The Stochastics value for CPNG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.2 | MEDIUM VOLATILITY | The ATR as a percentage value for CPNG suggests some volalility. |
| Average Directional Index/ADX (14) | 33.62 | POSITIVE | The high ADX value value for CPNG suggests a strong 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 |
|---|---|---|---|
| 30.88 | 30.01 | 0.87 (2.82%) | 25.00% |
| An entry @30.88. This is a Buy Stop order right above the 10 day moving average. | An exit @30.01. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.87 points, which is 2.82%. | For a 0.70% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CPNG. Please evaluate whether better entry and exit points can be found.
- 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.
30.25
+0.11 (+0.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg0.36%
1 Week-3.94%
2 Weeks0.57%
1 Month1.48%
3 Month29.05%
6 Month34.09%
12 Month49.9%
2 Year66.67%
3 Year74.96%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.6
ATR(20)%2.2%
ATR Inc-9.93%
Range Today0.53
ADR(20)0.64
ADR(20)%2.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.47
Mansfield1.21
10 Day High31.65
10 Day Low30.02
20 Day High31.65
20 Day Low29.53
52 Week High31.65
52 Week Low18.16
CS1 End28.54
CR1 Start31.49
Volume & EV
DER(3)0.09%
DER(5)-1.26%
Volume6.16M
Volume Incr-6.75%
Vol(5)10.37M
Vol(50)10.26M