Technical Analysis for CANG - Cango Inc.

Grade Last Price % Change Price Change
grade B 6.63 -7.92% -0.57
CANG closed up 5.57 percent on Monday, November 18, 2019, on 4.36 times normal volume. It was able to bounce off of its 200 day moving average, an important long-term support line. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

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

Date Alert Name Type % Chg
200 DMA Support Bullish -7.92%
20 DMA Support Bullish -7.92%
Expansion Breakout Bullish Swing Setup -7.92%
Pocket Pivot Bullish Swing Setup -7.92%
Reversal New Highs Setup Bullish Swing Setup -7.92%
Volume Surge Other -7.92%
Wide Range Bar Range Expansion -7.92%
Upper Bollinger Band Walk Strength -7.92%
Outside Day Range Expansion -7.92%
Wide Bands Range Expansion -7.92%

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.
Car Buyers
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: 3 bullish, 0 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 10.2
52 Week Low 4.52
Average Volume 6,468
200-Day Moving Average 6.4624
50-Day Moving Average 5.4498
20-Day Moving Average 5.923
10-Day Moving Average 6.121
Average True Range 0.5392
ADX 17.99
+DI 27.7755
-DI 14.8746
Chandelier Exit (Long, 3 ATRs ) 5.5824
Chandelier Exit (Short, 3 ATRs ) 6.4041
Upper Bollinger Band 6.8474
Lower Bollinger Band 4.9986
Percent B (%b) 1.19
BandWidth 31.213912
MACD Line 0.3423
MACD Signal Line 0.2077
MACD Histogram 0.1345
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 9.54
Resistance 3 (R3) 9.28 8.24 9.15
Resistance 2 (R2) 8.24 7.64 8.37 9.02
Resistance 1 (R1) 7.72 7.28 7.98 7.98 8.89
Pivot Point 6.68 6.68 6.81 6.81 6.68
Support 1 (S1) 6.16 6.08 6.42 6.42 5.51
Support 2 (S2) 5.12 5.72 5.25 5.38
Support 3 (S3) 4.60 5.12 5.25
Support 4 (S4) 4.86