Technical Analysis for CANG - Cango Inc.

Grade Last Price % Change Price Change
B 3.90 -5.80% -0.24
CANG closed down 5.8 percent on Thursday, November 21, 2024, on 1.44 times normal volume. The bulls were able to push the stock to a new 52-week high.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
New 52 Week High Strength 0.00%
Wide Bands Range Expansion 0.00%
Gapped Down Weakness 0.00%
Wide Bands Range Expansion -5.80%
Calm After Storm Range Contraction 11.43%
NR7 Range Contraction 11.43%
NR7-2 Range Contraction 11.43%
Wide Bands Range Expansion 11.43%
1,2,3 Pullback Bullish Bullish Swing Setup 14.37%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 14.37%

   Recent Intraday Alerts

Alert Time
Rose Above Previous Day's High about 6 hours ago
New 52 Week High about 6 hours ago
2x Volume Pace about 6 hours ago
1.5x Volume Pace about 6 hours ago
Down 3% about 6 hours 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 4.21
52 Week Low 0.92
Average Volume 218,575
200-Day Moving Average 1.79
50-Day Moving Average 2.31
20-Day Moving Average 3.19
10-Day Moving Average 3.76
Average True Range 0.35
RSI (14) 66.10
ADX 43.84
+DI 33.43
-DI 10.81
Chandelier Exit (Long, 3 ATRs) 3.16
Chandelier Exit (Short, 3 ATRs) 2.81
Upper Bollinger Bands 4.44
Lower Bollinger Band 1.94
Percent B (%b) 0.78
BandWidth 78.66
MACD Line 0.48
MACD Signal Line 0.45
MACD Histogram 0.0324
Fundamentals Value
Market Cap 525.53 Million
Num Shares 135 Million
EPS -0.50
Price-to-Earnings (P/E) Ratio -7.80
Price-to-Sales 0.08
Price-to-Book 0.29
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 4.37
Resistance 3 (R3) 4.42 4.31 4.29
Resistance 2 (R2) 4.31 4.19 4.29 4.26
Resistance 1 (R1) 4.11 4.12 4.06 4.06 4.24
Pivot Point 4.00 4.00 3.98 3.98 4.00
Support 1 (S1) 3.80 3.88 3.75 3.75 3.56
Support 2 (S2) 3.69 3.81 3.67 3.54
Support 3 (S3) 3.49 3.69 3.51
Support 4 (S4) 3.44