Technical Analysis for CAJ - Canon, Inc.

Grade Last Price % Change Price Change
F 21.63 -0.14% -0.03
CAJ closed down 0.14 percent on Monday, March 6, 2023, on 2.05 times normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Flat

Date Alert Name Type % Chg
20 DMA Resistance Bearish 0.00%
Shooting Star Candlestick Bearish 0.00%
180 Bearish Setup Bearish Swing Setup 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
Doji - Bearish? Reversal 0.00%
Bollinger Band Squeeze Range Contraction -0.14%
Gapped Up Strength -0.14%
Bollinger Band Squeeze Range Contraction 0.46%
Stochastic Reached Oversold Weakness 0.46%
Gapped Down Weakness 0.46%

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Canon, Inc. Description

Canon Inc. engages in the manufacture and sale of office multifunction devices (MFDs), plain paper copying machines, laser printers, inkjet printers, cameras, and lithography equipment worldwide. The company operates in three segments: Office Business Unit, Imaging System Business Unit, and the Industry and Others Business Unit. The Office Business Unit segment manufactures, markets, and services a range of office network digital MFDs, color network digital MFDs, personal-use network digital MFDs, office copying machines, full-color copying machines, personal-use copying machines, laser printers, large format inkjet printers, digital production printers, and document solutions. This segment also offers software, services, and solutions. The Imaging System Business Unit segment manufactures and markets interchangeable-lens digital cameras, compact digital cameras, digital camcorders, digital cinema cameras, interchangeable lenses, inkjet printers, large-format inkjet printers, commercial photo printers, image scanners, broadcast equipment, and calculators. The Industry and Others Business Unit segment offers semiconductor lithography equipment, flat-panel-display lithography equipment, digital radiography systems, ophthalmic equipment, vacuum thin-film deposition equipment, organic LED panel manufacturing equipment, micromotors, computers, handy terminals, and document scanners. Canon Inc. also provides maintenance services to its copying machines, as well as supplies replacement drums, parts, toners, and papers. The company sells its products principally under the Canon brand name through independent distributors to dealers and retail outlets, as well as directly to end users. Canon Inc. was founded in 1933 and is headquartered in Tokyo, Japan.


Sector: Industrials
Industry: Business Equipment
Keywords: Laser Camera Retail Outlets Vacuum Ophthalmic Scanner Media Technology Office Equipment Digital Camera Lenses Toner Lithography Printer Radiography Manufacturing Equipment Digital Cinema Laser Printer Inkjet Printing Document Solutions Function Devices Kodak Multi Function Printer Office Work

Is CAJ a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength


Indicator Value
52 Week High 25.79
52 Week Low 20.84
Average Volume 456,231
200-Day Moving Average 22.97
50-Day Moving Average 21.93
20-Day Moving Average 21.78
10-Day Moving Average 21.64
Average True Range 0.30
RSI 45.95
ADX 26.33
+DI 23.75
-DI 32.80
Chandelier Exit (Long, 3 ATRs) 21.54
Chandelier Exit (Short, 3 ATRs) 22.24
Upper Bollinger Bands 22.21
Lower Bollinger Band 21.36
Percent B (%b) 0.32
BandWidth 3.91
MACD Line -0.14
MACD Signal Line -0.13
MACD Histogram -0.0079
Fundamentals Value
Market Cap 22.62 Billion
Num Shares 1.05 Billion
EPS 1.98
Price-to-Earnings (P/E) Ratio 10.91
Price-to-Sales 0.66
Price-to-Book 0.83
PEG Ratio 2.64
Dividend 0.75
Dividend Yield 3.47%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 21.94
Resistance 3 (R3) 21.96 21.87 21.89
Resistance 2 (R2) 21.87 21.80 21.86 21.87
Resistance 1 (R1) 21.75 21.75 21.73 21.73 21.85
Pivot Point 21.67 21.67 21.66 21.66 21.67
Support 1 (S1) 21.55 21.59 21.53 21.53 21.41
Support 2 (S2) 21.46 21.54 21.45 21.39
Support 3 (S3) 21.34 21.46 21.37
Support 4 (S4) 21.32