(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 2024-01-19 View latest technical analysis
10 day averaged volume of Cango Inc is 47420
| Date | Daily Closing Price | Open | High | Low | Volume |
| 19 Fri Jan 2024 | 1.09 | 1.10 | 1.10 | 1.08 | 1.141 times |
| 18 Thu Jan 2024 | 1.08 | 1.08 | 1.10 | 1.08 | 0.892 times |
| 17 Wed Jan 2024 | 1.06 | 1.06 | 1.10 | 1.06 | 0.957 times |
| 16 Tue Jan 2024 | 1.05 | 1.03 | 1.08 | 1.02 | 3.442 times |
| 12 Fri Jan 2024 | 0.98 | 1.00 | 1.01 | 0.98 | 0.405 times |
| 12 Fri Jan 2024 | 0.98 | 1.00 | 1.01 | 0.98 | 0.405 times |
| 11 Thu Jan 2024 | 1.00 | 1.02 | 1.02 | 0.98 | 0.652 times |
| 10 Wed Jan 2024 | 1.02 | 0.98 | 1.02 | 0.97 | 0.264 times |
| 09 Tue Jan 2024 | 0.99 | 1.01 | 1.02 | 0.96 | 1.407 times |
| 08 Mon Jan 2024 | 1.00 | 0.98 | 1.00 | 0.98 | 1.139 times |
Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1.1, for a target of 1.1 or 1.02
Share price targets for Cango Inc (CANG)
| Target Type | Value |
| Downside Target | 0.92 |
| Downside Target | 0.96 |
| Downside Target | 1.01 |
| Downside Target | 1.08 |
| Downside Target | 1.09 |
| Upside Target | 1.10 |
| 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 | 1.04 |
| Downside Intraday Target | 0.99 |
| Upside Intraday Target | 1.12 |
| Upside Intraday Target | 1.15 |
| Downside Intraday Target | 1.07 |
Weekly technical analysis of Cango Inc (CANG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 19 Fri Jan 2024 | 1.09 | 1.03 | 1.10 | 1.02 | 15.885 times |
| 12 Fri Jan 2024 | 0.98 | 1.00 | 1.01 | 0.98 | 0.105 times |
| 12 Fri Jan 2024 | 0.98 | 0.98 | 1.02 | 0.96 | 1.304 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 |
Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Cango Inc (CANG)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 19 Fri Jan 2024 | 1.09 | 0.99 | 1.10 | 0.96 | 0.282 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 up 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Cango Inc ( (CANG) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Cango Inc ( (CANG) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Cango Inc Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
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 and BUY signal is strong.
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Cango Inc is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 1.04 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 rising upwards.
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 is giving positive returns over a short term period. Returns for a longer term period have been positive
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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Cango Inc ( (CANG) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Cango Inc ( (CANG) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Cango Inc Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
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 and BUY signal is strong.
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Cango Inc is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 1.04 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 rising upwards.
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 is giving positive returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.