(CANG) Cango Inc complete technical analysis [charts+indicators] | Buy/Sell Cango Inc | (CANG) share price targets
Complete technical analysis of Cango Inc (CANG) by charts plus indicators, forecast predictions and share price targets for Cango Inc (CANG)
Cango Inc trades in USA in Technology sector.
Showing technical analysis as on 2024-01-10 View latest technical analysis
10 day averaged volume of Cango Inc is 53240
| Date | Daily Closing Price | Open | High | Low | Volume |
| 10 Wed Jan 2024 | 1.02 | 0.98 | 1.02 | 0.97 | 0.235 times |
| 09 Tue Jan 2024 | 0.99 | 1.01 | 1.02 | 0.96 | 1.253 times |
| 08 Mon Jan 2024 | 1.00 | 0.98 | 1.00 | 0.98 | 1.014 times |
| 05 Fri Jan 2024 | 1.00 | 0.98 | 1.03 | 0.98 | 0.391 times |
| 04 Thu Jan 2024 | 0.99 | 1.02 | 1.03 | 0.97 | 0.825 times |
| 03 Wed Jan 2024 | 1.01 | 1.02 | 1.02 | 0.98 | 1.02 times |
| 02 Tue Jan 2024 | 1.01 | 0.99 | 1.02 | 0.99 | 0.406 times |
| 29 Fri Dec 2023 | 1.02 | 1.05 | 1.05 | 1.01 | 1.159 times |
| 29 Fri Dec 2023 | 1.02 | 1.05 | 1.05 | 1.01 | 1.159 times |
| 28 Thu Dec 2023 | 1.05 | 1.02 | 1.05 | 1.01 | 1.409 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1, but if it comes below 1, then a intra day sell could be more profitable.
If you take a sell trade below 1, then use 1 as stoploss and 1 as target. However if you take a buy trade in stock , then use 1 as stoploss and 1.1 as target.
Share price targets for Cango Inc (CANG)
| Target Type | Value |
| Downside Target | 0.92 |
| Downside Target | 0.94 |
| Downside Target | 0.96 |
| Downside Target | 0.99 |
| Downside Target | 1.01 |
| Upside Target | 1.08 |
| Upside Target | 1.09 |
| Upside Target | 1.20 |
| Upside Target | 1.24 |
| Upside Target | 1.30 |
Intraday share price targets for Cango Inc (CANG)
| Target Type | Value |
| Downside Intraday Target | 0.98 |
| Downside Intraday Target | 0.94 |
| Upside Intraday Target | 1.04 |
| Upside Intraday Target | 1.06 |
| Downside Intraday Target | 1 |
Weekly technical analysis of Cango Inc (CANG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 10 Wed Jan 2024 | 1.02 | 0.98 | 1.02 | 0.96 | 0.947 times |
| 05 Fri Jan 2024 | 1.00 | 0.99 | 1.03 | 0.97 | 2.279 times |
| 29 Fri Dec 2023 | 1.02 | 1.05 | 1.05 | 1.01 | 0.182 times |
| 29 Fri Dec 2023 | 1.02 | 1.06 | 1.07 | 0.99 | 0.505 times |
| 22 Fri Dec 2023 | 1.02 | 0.97 | 1.08 | 0.94 | 1.134 times |
Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Cango Inc (CANG)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 10 Wed Jan 2024 | 1.02 | 0.99 | 1.03 | 0.96 | 0.119 times |
| 29 Fri Dec 2023 | 1.02 | 1.03 | 1.08 | 0.92 | 2.929 times |
| 30 Thu Nov 2023 | 1.03 | 1.18 | 1.20 | 1.03 | 1.18 times |
| 31 Tue Oct 2023 | 1.10 | 1.17 | 1.24 | 1.08 | 0.267 times |
Scroll below to view daily charts
Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Cango Inc (CANG)
Price action analysis of Cango Inc ( (CANG) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Cango Inc ( (CANG) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Cango Inc ( (CANG) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Cango Inc ( (CANG) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Cango Inc stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a BUY signal for Cango Inc in short term but the buy signal is initial and weak.
Cango Inc Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Cango Inc in short term but BUY signal is weak.
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in positive zone. This is a BUY zone
Stock of Cango Inc is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 1.01 and Cango Inc (CANG) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down
People seem to be coming out and selling the Cango Inc (CANG) stock. Volume based technical analysis of Cango Inc (CANG) stock is negative.
Cango Inc Stock has given negative returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Price action analysis of Cango Inc ( (CANG) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Cango Inc ( (CANG) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Cango Inc ( (CANG) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Cango Inc ( (CANG) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Cango Inc stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a BUY signal for Cango Inc in short term but the buy signal is initial and weak.
Cango Inc Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Cango Inc in short term but BUY signal is weak.
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in positive zone. This is a BUY zone
Stock of Cango Inc is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 1.01 and Cango Inc (CANG) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down
People seem to be coming out and selling the Cango Inc (CANG) stock. Volume based technical analysis of Cango Inc (CANG) stock is negative.
Cango Inc Stock has given negative returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.