(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 2024-05-24 View latest technical analysis
10 day averaged volume of Cango Inc is 65530
| Date | Daily Closing Price | Open | High | Low | Volume |
| 24 Fri May 2024 | 1.47 | 1.53 | 1.67 | 1.47 | 1.439 times |
| 23 Thu May 2024 | 1.56 | 1.60 | 1.63 | 1.51 | 0.584 times |
| 22 Wed May 2024 | 1.60 | 1.48 | 1.61 | 1.48 | 0.475 times |
| 21 Tue May 2024 | 1.56 | 1.56 | 1.61 | 1.56 | 0.705 times |
| 20 Mon May 2024 | 1.59 | 1.61 | 1.68 | 1.57 | 1.135 times |
| 17 Fri May 2024 | 1.64 | 1.62 | 1.64 | 1.61 | 0.699 times |
| 16 Thu May 2024 | 1.64 | 1.60 | 1.67 | 1.60 | 0.971 times |
| 15 Wed May 2024 | 1.60 | 1.58 | 1.75 | 1.51 | 2.92 times |
| 14 Tue May 2024 | 1.59 | 1.48 | 1.60 | 1.46 | 0.615 times |
| 13 Mon May 2024 | 1.51 | 1.55 | 1.68 | 1.48 | 1.531 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1.5, but if it comes above 1.5, then a intra day buy could be more profitable.
If you take a sell trade below 1.5, then use 1.5 as stoploss and 1.4 as target. However if you take a buy trade in stock , then use 1.5 as stoploss and 1.55 as target.
Share price targets for Cango Inc (CANG)
| Target Type | Value |
| Downside Target | 0.96 |
| Downside Target | 1.12 |
| Downside Target | 1.19 |
| Downside Target | 1.32 |
| Downside Target | 1.35 |
| Downside Target | 1.43 |
| Upside Target | 1.50 |
| Upside Target | 1.53 |
| Upside Target | 1.59 |
| Upside Target | 1.68 |
| Upside Target | 1.69 |
| Upside Target | 1.72 |
| Upside Target | 1.75 |
| Upside Target | 1.88 |
Intraday share price targets for Cango Inc (CANG)
| Target Type | Value |
| Downside Intraday Target | 1.4 |
| Downside Intraday Target | 1.33 |
| Upside Intraday Target | 1.61 |
| Upside Intraday Target | 1.75 |
| Upside Intraday Target | 1.54 |
Weekly technical analysis of Cango Inc (CANG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 24 Fri May 2024 | 1.47 | 1.61 | 1.68 | 1.47 | 0.644 times |
| 17 Fri May 2024 | 1.64 | 1.55 | 1.75 | 1.46 | 2.859 times |
| 10 Fri May 2024 | 1.57 | 1.54 | 1.69 | 1.53 | 0.754 times |
| 03 Fri May 2024 | 1.55 | 1.54 | 1.59 | 1.43 | 0.245 times |
| 26 Fri Apr 2024 | 1.44 | 1.44 | 1.50 | 1.32 | 12.318 times |
Price has moved down 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 |
| 24 Fri May 2024 | 1.47 | 1.46 | 1.75 | 1.45 | 0.811 times |
| 30 Tue Apr 2024 | 1.50 | 1.50 | 1.60 | 1.32 | 1.788 times |
| 28 Thu Mar 2024 | 1.52 | 1.48 | 1.72 | 1.35 | 0.337 times |
| 29 Thu Feb 2024 | 1.50 | 1.19 | 1.88 | 1.12 | 1.97 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 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.
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 SELL signal for Cango Inc in short term but the sell signal is initial and weak.
Cango Inc Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Cango Inc in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up 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 1.57 and Cango Inc (CANG) stock is trading below this level. This means that stock is falling with high volumes. 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 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 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 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.
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 SELL signal for Cango Inc in short term but the sell signal is initial and weak.
Cango Inc Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Cango Inc in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up 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 1.57 and Cango Inc (CANG) stock is trading below this level. This means that stock is falling with high volumes. 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.