Technical Analysis for CANG - Cango Inc.

Grade Last Price % Change Price Change
B 1.65 -1.20% -0.02
CANG closed down 1.2 percent on Monday, July 1, 2024, on approximately 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.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Flat

Date Alert Name Type % Chg
Fell Below 20 DMA Bearish 0.00%
Shooting Star Candlestick Bearish 0.00%
Crossed Above 20 DMA Bullish -1.20%
Outside Day Range Expansion -1.20%
Fell Below 20 DMA Bearish 0.61%
NR7 Range Contraction 0.61%
NR7-2 Range Contraction 0.61%
Narrow Range Bar Range Contraction 0.61%
Inside Day Range Contraction 0.61%
20 DMA Support Bullish -1.20%

   Recent Intraday Alerts

Alert Time
Rose Above Previous Day's High about 9 hours ago
Up 3% about 9 hours ago
Up 2% about 9 hours ago
Up 1% about 9 hours ago
60 Minute Opening Range Breakout 3 days ago

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Profile

Cango Inc. Description

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.


Classification

Sector: Technology
Industry: Internet Content & Information
Keywords: E Mobility Automotive Finance 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

Indicators

Indicator Value
52 Week High 1.96
52 Week Low 0.92
Average Volume 63,690
200-Day Moving Average 1.30
50-Day Moving Average 1.57
20-Day Moving Average 1.66
10-Day Moving Average 1.65
Average True Range 0.13
RSI (14) 51.92
ADX 20.9
+DI 19.75
-DI 15.56
Chandelier Exit (Long, 3 ATRs) 1.58
Chandelier Exit (Short, 3 ATRs) 1.87
Upper Bollinger Bands 1.78
Lower Bollinger Band 1.53
Percent B (%b) 0.47
BandWidth 15.22
MACD Line 0.02
MACD Signal Line 0.03
MACD Histogram -0.0061
Fundamentals Value
Market Cap 222.34 Million
Num Shares 135 Million
EPS -0.50
Price-to-Earnings (P/E) Ratio -3.30
Price-to-Sales 0.08
Price-to-Book 0.29
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1.81
Resistance 3 (R3) 1.82 1.79 1.78
Resistance 2 (R2) 1.79 1.75 1.78 1.77
Resistance 1 (R1) 1.72 1.72 1.70 1.70 1.76
Pivot Point 1.68 1.68 1.68 1.68 1.68
Support 1 (S1) 1.62 1.64 1.60 1.60 1.54
Support 2 (S2) 1.58 1.62 1.57 1.53
Support 3 (S3) 1.51 1.58 1.52
Support 4 (S4) 1.49