COUPANG INC (CPNG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CPNG - US22266T1097 - Common Stock
We assign a technical rating of 1 out of 10 to CPNG. CPNG has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
CPNG has a poor technical rating and the quality of the setup is also only medium 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.
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19.98
3 important support areas can be observed.
- A support zone ranging from 26.56 to 26.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @23.42 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 4 important areas.
- A resistance zone ranging from 27.15 to 27.23. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 27.77 to 28.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @31.27 from a trend line in the daily time frame.
- Resistance @32.83 from a horizontal line in the daily 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 | 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 | 57.68 | NEUTRAL | CPNG is not amongst the best or worst performers 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 | NEGATIVE | The current price of CPNG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CPNG is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 36.13 | NEUTRAL | The RSI value for CPNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests CPNG has a positive trend. |
| Stochastics (14,3) | 23.75 | NEUTRAL | The Stochastics value for CPNG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.9 | MEDIUM VOLATILITY | The ATR as a percentage value for CPNG suggests some volalility. |
| Average Directional Index/ADX (14) | 38.78 | POSITIVE | The high ADX value value for CPNG suggests a strong trend. |
27.02
+0.46 (+1.73%)
COUPANG INC / CPNG FAQ
What is the ChartMill technical rating of COUPANG INC (CPNG) stock?
ChartMill assigns a technical rating of 1 / 10 to CPNG.
What is the current trend direction of COUPANG INC (CPNG) stock?
The current trend direction for COUPANG INC (CPNG) is Bearish.
What is the RSI signal for CPNG stock?
COUPANG INC (CPNG) has an RSI value of 36.1296. This indicates that the stock is currently neutral.
What is the MACD signal for CPNG stock?
The MACD indicator for COUPANG INC (CPNG) has a value of 0.0167279, indicating a bearish trend.
What is the short term momentum for CPNG stock?
The short term momentum for COUPANG INC (CPNG) is negative.