COUPANG INC (CPNG) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:CPNG • US22266T1097
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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, CPNG is a bad performer in the overall market: 88% of all stocks are doing better.
- CPNG is part of the Broadline Retail industry. There are 30 other stocks in this industry, of which 79% are performing better than CPNG.
- CPNG is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month CPNG has a been trading in the 18.55 - 24.05 range, which is quite wide. It is currently trading near the lows of this range.
- CPNG has an average volume of 18343400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Volume is considerably higher in the last couple of days.
The technical rating of CPNG is bad and it also does not present a quality setup 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
19.78
We found 1 important support area.
- Support @19.98 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 20.00 to 20.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @29.74 from a trend 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 | 12.41 | NEGATIVE | CPNG has a low relative strength, it was outperformed by 87.59% 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) | DOWN | NEGATIVE | The current price of CPNG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 31.91 | 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) | 33.38 | NEUTRAL | The Stochastics value for CPNG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.92 | MEDIUM VOLATILITY | The ATR as a percentage value for CPNG suggests some volalility. |
| Average Directional Index/ADX (14) | 40.86 | POSITIVE | The high ADX value value for CPNG suggests a strong trend. |
19.99
-0.34 (-1.67%)
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.
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 CPNG stock?
COUPANG INC (CPNG) has an RSI value of 31.9059. This indicates that the stock is currently neutral.
Can you provide the MACD signal for COUPANG INC?
The MACD indicator for COUPANG INC (CPNG) has a value of 0.0237059, indicating a bearish trend.
What is the buy/sell signal for COUPANG INC (CPNG) stock?
The buy/sell signal for COUPANG INC (CPNG) is sell as both the short term and long term trends are negative.