COUPANG INC (CPNG) Stock Technical Analysis
NYSE:CPNG - New York Stock Exchange, Inc. - US22266T1097 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to CPNG. 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!
Looking at the yearly performance, CPNG did better than 88% of all other stocks.
CPNG is one of the better performing stocks in the Broadline Retail industry, it outperforms 83% of 31 stocks in the same industry.
CPNG is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so CPNG is leading the market.
In the last month CPNG has a been trading in the 23.42 - 28.61 range, which is quite wide. It is currently trading near the high of this range.
CPNG has an average volume of 9707830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although CPNG 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
19.98
28.33
5 important support areas can be observed.
- A support zone ranging from 27.63 to 28.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 24.00 to 24.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @23.59 from a horizontal line in the daily time frame.
- Support @20.83 from a trend line in the weekly time frame.
- Support @20.18 from a horizontal line in the weekly 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 | 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 | 88.7 | POSITIVE | CPNG has a high relative strength, it outperformed 88.7% 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) | 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) | 70.54 | OVERBOUGHT | The high RSI value suggests CPNG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests CPNG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.39 | OVERBOUGHT | The high Stochastics value suggests CPNG may be overbought. |
| Average True Range in percent/ATR (20) | 3.05 | MEDIUM VOLATILITY | The ATR as a percentage value for CPNG suggests some volalility. |
| Average Directional Index/ADX (14) | 37.87 | 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)
28.05
+0.16 (+0.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg0.57%
1 Week2.82%
2 Weeks4.51%
1 Month19.51%
3 Month18.35%
6 Month10.61%
12 Month23.35%
2 Year79.81%
3 Year107.62%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.68
ATR(20)%3.05%
ATR Inc-14.76%
Range Today0.48
ADR(20)0.82
ADR(20)%2.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.7
Mansfield1.65
10 Day High28.61
10 Day Low26.81
20 Day High28.61
20 Day Low23.42
52 Week High28.61
52 Week Low18.16
CS1 End28.04
CR1 StartN/A
Volume & EV
DER(3)-2.86%
DER(5)-0.4%
Volume6.38M
Volume Incr-24.17%
Vol(5)9.23M
Vol(50)9.71M