Technical Analysis for CANG - Cango Inc.

Grade Last Price % Change Price Change
grade F 8.18 0.00% 0.00
CANG closed unchanged on Thursday, December 13, 2018, on 43 percent of 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. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent N/A Down Down
See historical CANG trend table...

Date Alert Name Type % Chg
Dec 13 Hammer Candlestick Bullish 0.00%
Dec 13 Stochastic Buy Signal Bullish 0.00%
Dec 13 Lizard Bullish Bullish Day Trade Setup 0.00%
Dec 13 Doji - Bullish? Reversal 0.00%
Dec 13 Lower Bollinger Band Walk Weakness 0.00%
Dec 13 New 52 Week Low Weakness 0.00%
Dec 13 Lower Bollinger Band Touch Weakness 0.00%
Dec 13 Oversold Stochastic Weakness 0.00%
Dec 12 New 52 Week Closing Low Bearish 0.00%
Dec 12 180 Bearish Setup Bearish Swing Setup 0.00%

Older signals for CANG ...

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Profile
Cango Inc. (CANG) is a leading automotive transaction service platform in China connecting dealers, financial institutions, car buyers, and other industry participants. Founded in 2010 by a group of pioneers in China's automotive finance industry, the Company is headquartered in Shanghai and has a nationwide network. The Company's services primarily consist of automotive financing facilitation, automotive transaction facilitation, and after-market services facilitation. By utilizing its competitive advantages in technology, data insights, and cloud-based infrastructure, Cango is able to connect its platform participants while bringing them a premium user experience. Cango's platform model puts it in a unique position to add value for its platform participants and business partners as the mobility market in China continues to grow and evolve.
Is CANG a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 0 bullish, 2 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 13.9
52 Week Low 8.08
Average Volume 2,765
200-Day Moving Average 0.0
50-Day Moving Average 9.3366
20-Day Moving Average 8.7
10-Day Moving Average 8.461
Average True Range 0.1659
ADX 10.84
+DI 26.1438
-DI 41.5788
Chandelier Exit (Long, 3 ATRs ) 8.7523
Chandelier Exit (Short, 3 ATRs ) 8.5777
Upper Bollinger Band 9.2877
Lower Bollinger Band 8.1123
Percent B (%b) 0.06
BandWidth 13.510345
MACD Line -0.2742
MACD Signal Line -0.236
MACD Histogram -0.0381
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 8.33
Resistance 3 (R3) 8.31 8.25 8.31
Resistance 2 (R2) 8.25 8.21 8.26 8.30
Resistance 1 (R1) 8.21 8.18 8.23 8.23 8.29
Pivot Point 8.15 8.15 8.16 8.16 8.15
Support 1 (S1) 8.11 8.11 8.13 8.13 8.07
Support 2 (S2) 8.05 8.08 8.06 8.06
Support 3 (S3) 8.01 8.05 8.06
Support 4 (S4) 8.03