COUPANG INC (CPNG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CPNG - US22266T1097 - Common Stock
Overall CPNG gets a technical rating of 0 out of 10. 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 technical rating of CPNG is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
19.98
3 important support areas can be observed.
- A support zone ranging from 23.20 to 23.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.42 to 22.46. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @20.18 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 24.28 to 24.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @30.65 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 | 24.17 | NEGATIVE | CPNG has a low relative strength, it was outperformed by 75.83% 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 | 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) | 41.07 | NEUTRAL | The RSI value for CPNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests CPNG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.47 | OVERSOLD | The low Stochastics value suggests CPNG may be oversold. |
| Average True Range in percent/ATR (20) | 3.86 | MEDIUM VOLATILITY | The ATR as a percentage value for CPNG suggests some volalility. |
| Average Directional Index/ADX (14) | 46.48 | POSITIVE | The high ADX value value for CPNG suggests a strong trend. |
24.27
+1.47 (+6.45%)
COUPANG INC / CPNG FAQ
What is the ChartMill technical rating of COUPANG INC (CPNG) stock?
ChartMill assigns a technical rating of 0 / 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 41.0742. 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 -0.0300238, indicating a bearish trend.
What is the short term momentum for CPNG stock?
The short term momentum for COUPANG INC (CPNG) is negative.