COUPANG INC (CPNG) Stock Technical Analysis
USA - NYSE:CPNG - US22266T1097 - Common Stock
31.23 USD
-1.24 (-3.82%)
31.59 USD
+0.36 (+1.15%)
We assign a technical rating of 6 out of 10 to CPNG. In the last year, CPNG was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
In the last month CPNG has a been trading in the 31.21 - 34.08 range, which is quite wide. It is currently trading near the lows of this range.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
CPNG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CPNG is lagging the market slightly.
CPNG has an average volume of 12367300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that CPNG is one of the better performing stocks in the market, outperforming 76% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
CPNG is an average performer in the Broadline Retail industry, it outperforms 44% of 28 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
CPNG has an average technical rating and it also does not offer a high 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
19.98
33.88
We found 3 important support areas.
- A support zone ranging from 27.67 to 28.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @22.65 from a trend line in the weekly time frame.
- Support @20.18 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @31.32 from a trend line in the daily time frame.
- A resistance zone ranging from 32.30 to 32.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @33.54 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 | UP | POSITIVE | The long term trend for CPNG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CPNG is neutral. |
| ChartMill Relative Strength | 76.94 | POSITIVE | CPNG has a high relative strength, it outperformed 76.94% 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) | 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) | 44.43 | NEUTRAL | The RSI value for CPNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests CPNG has a negative trend. |
| Stochastics (14,3) | 35.08 | NEUTRAL | The Stochastics value for CPNG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.4 | MEDIUM VOLATILITY | The ATR as a percentage value for CPNG suggests some volalility. |
| Average Directional Index/ADX (14) | 21.41 | NEUTRAL | The ADX value for CPNG suggests a possible start of a new 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)
31.23
-1.24 (-3.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg-3.82%
1 Week-3.49%
2 Weeks-2.98%
1 Month-3.64%
3 Month3.82%
6 Month44.25%
12 Month21.52%
2 Year83.71%
3 Year80.83%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.74
ATR(20)%2.4%
ATR Inc52.97%
Range Today1.48
ADR(20)0.74
ADR(20)%2.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.94
Mansfield1.03
10 Day High32.96
10 Day Low31.22
20 Day High34.08
20 Day Low31.22
52 Week High34.08
52 Week Low19.02
CS1 End28.1
CR1 Start31.32
Volume & EV
DER(3)-3.04%
DER(5)0.06%
Volume6.99M
Volume Incr-69.57%
Vol(5)5.26M
Vol(50)12.37M