(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 2024-02-06 View latest technical analysis
10 day averaged volume of Cango Inc is 46980
| Date | Daily Closing Price | Open | High | Low | Volume |
| 06 Tue Feb 2024 | 1.21 | 1.17 | 1.21 | 1.14 | 1.12 times |
| 05 Mon Feb 2024 | 1.19 | 1.20 | 1.20 | 1.12 | 0.709 times |
| 02 Fri Feb 2024 | 1.20 | 1.19 | 1.21 | 1.19 | 0.973 times |
| 01 Thu Feb 2024 | 1.20 | 1.19 | 1.20 | 1.19 | 0.988 times |
| 31 Wed Jan 2024 | 1.19 | 1.16 | 1.19 | 1.16 | 1.398 times |
| 30 Tue Jan 2024 | 1.16 | 1.14 | 1.16 | 1.14 | 0.59 times |
| 29 Mon Jan 2024 | 1.14 | 1.13 | 1.15 | 1.12 | 0.66 times |
| 26 Fri Jan 2024 | 1.13 | 1.11 | 1.14 | 1.11 | 1.296 times |
| 25 Thu Jan 2024 | 1.10 | 1.10 | 1.15 | 1.10 | 1.277 times |
| 24 Wed Jan 2024 | 1.10 | 1.10 | 1.13 | 1.10 | 0.913 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1.2, but if it comes below 1.2, then a intra day sell could be more profitable.
If you take a sell trade below 1.2, then use 1.2 as stoploss and 1.1 as target. However if you take a buy trade in stock , then use 1.2 as stoploss and 1.3 as target.
Share price targets for Cango Inc (CANG)
| Target Type | Value |
| Downside Target | 0.92 |
| Downside Target | 0.96 |
| Downside Target | 0.98 |
| Downside Target | 1.01 |
| Downside Target | 1.08 |
| Downside Target | 1.15 |
| Downside Target | 1.19 |
| Downside Target | 1.20 |
| Downside Target | 1.21 |
| Upside Target | 1.24 |
Intraday share price targets for Cango Inc (CANG)
| Target Type | Value |
| Downside Intraday Target | 1.15 |
| Downside Intraday Target | 1.09 |
| Upside Intraday Target | 1.24 |
| Upside Intraday Target | 1.27 |
| Downside Intraday Target | 1.18 |
Weekly technical analysis of Cango Inc (CANG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 06 Tue Feb 2024 | 1.21 | 1.20 | 1.21 | 1.12 | 0.397 times |
| 02 Fri Feb 2024 | 1.20 | 1.13 | 1.21 | 1.12 | 0.772 times |
| 26 Fri Jan 2024 | 1.13 | 1.11 | 1.15 | 1.09 | 0.92 times |
| 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 |
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 |
| 06 Tue Feb 2024 | 1.21 | 1.19 | 1.21 | 1.12 | 0.169 times |
| 31 Wed Jan 2024 | 1.19 | 0.99 | 1.19 | 0.96 | 0.457 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 |
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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 and the buy signal is strong.
Cango Inc Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of green color and prices are above the green 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 1.16 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 and the buy signal is strong.
Cango Inc Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of green color and prices are above the green 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 1.16 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.