Technical Analysis for CAN - Canaan Inc.

Grade Last Price % Change Price Change
grade D 7.8 -0.64% -0.05
CAN closed down 0.64 percent on Friday, December 6, 2019, on 1.32 times normal volume. The bears made the stock sink to a new 52-week low. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation.

Trend Table & Recent Signals

ADX Long-Term Intermediate-Term Short-Term
Weak or Absent N/A N/A Down
See historical CAN trend table...

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
Hammer Candlestick Bullish 0.00%
Hot IPO Pullback Bullish Swing Setup 0.00%
New 52 Week Low Weakness 0.00%
Outside Day Range Expansion 0.00%
Down 3 Days in a Row Weakness 0.00%
Down 4 Days in a Row Weakness 0.00%
New 52 Week Closing Low Bearish -0.64%
Hot IPO Pullback Bullish Swing Setup -0.64%
Down 3 Days in a Row Weakness -0.64%

Older signals for CAN ...

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Profile

Canaan, Inc. designs and sells integrated circuits. It offers Kendryte AI and Avalon Miner products. The firm is a developer of supercomputing chips and the manufacturer of digital block chain computing equipment as well as the supplier of overall scheme for computer software and hardware of digital block chain. The company was founded by Li Jiaxuan, Liu Xiangfu and Zhang Nangeng in 2013 and is headquartered in Hangzhou, China.
Computing Digital Technology Integrated Circuits Computer Architecture Computer Software Concurrent Computing Distributed Computing Architecture Hardware

Is CAN a Buy, Sell or Hold?

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

Indicators

Indicator Value
52 Week High 13.0
52 Week Low 7.1
Average Volume 269,666
200-Day Moving Average 0.00
50-Day Moving Average 0.00
20-Day Moving Average 0.00
10-Day Moving Average 8.29
Average True Range 0.00
ADX 0.0
+DI 0.00
-DI 0.00
Chandelier Exit (Long, 3 ATRs ) N/A
Chandelier Exit (Short, 3 ATRs ) N/A
Upper Bollinger Band 0.00
Lower Bollinger Band 0.00
Percent B (%b) 0.0
BandWidth 0.00
MACD Line 0.00
MACD Signal Line 0.00
MACD Histogram 0.0
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 9.30
Resistance 3 (R3) 9.23 8.67 9.05
Resistance 2 (R2) 8.67 8.28 8.70 8.97
Resistance 1 (R1) 8.23 8.05 7.95 8.30 8.88
Pivot Point 7.67 7.67 7.53 7.70 7.67
Support 1 (S1) 7.23 7.28 6.95 7.30 6.72
Support 2 (S2) 6.67 7.05 6.70 6.63
Support 3 (S3) 6.23 6.67 6.55
Support 4 (S4) 6.30