COUPANG INC (CPNG) Stock Technical Analysis
NYSE:CPNG • US22266T1097
Taking everything into account, CPNG scores 0 out of 10 in our technical rating. 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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 88% of all other stocks performed better in the past year than CPNG.
- CPNG is one of the lesser performing stocks in the Broadline Retail industry. 89% of 30 stocks in the same industry do better.
- CPNG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- CPNG has an average volume of 25157500 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 16.74 - 20.95 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
16.62
When analyzing the support we notice one important area.
- A support zone ranging from 16.79 to 16.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 19.09 to 19.09. 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 | DOWN | NEGATIVE | The long term trend for CPNG is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CPNG is neutral. |
| ChartMill Relative Strength | 12.83 | NEGATIVE | CPNG has a low relative strength, it was outperformed by 87.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CPNG is above 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) | 49 | NEUTRAL | The RSI value for CPNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests CPNG has a positive trend. |
| Stochastics (14,3) | 74.69 | NEUTRAL | The Stochastics value for CPNG is a neutral value. |
| Average True Range in percent/ATR (20) | 5.01 | HIGH VOLATILITY | The high ATR as a percentage value for CPNG suggests high volalility. |
| Average Directional Index/ADX (14) | 32.89 | POSITIVE | The high ADX value value for CPNG suggests a strong trend. |
19.08
+0.37 (+1.98%)
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 49.0041. 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 0.303528, indicating a bearish trend.