(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 2024-05-29 View latest technical analysis
10 day averaged volume of Cango Inc is 67140
| Date | Daily Closing Price | Open | High | Low | Volume |
| 29 Wed May 2024 | 1.55 | 1.46 | 1.55 | 1.46 | 0.133 times |
| 28 Tue May 2024 | 1.49 | 1.45 | 1.62 | 1.44 | 0.685 times |
| 24 Fri May 2024 | 1.47 | 1.53 | 1.67 | 1.47 | 1.405 times |
| 23 Thu May 2024 | 1.56 | 1.60 | 1.63 | 1.51 | 0.57 times |
| 22 Wed May 2024 | 1.60 | 1.48 | 1.61 | 1.48 | 0.463 times |
| 21 Tue May 2024 | 1.56 | 1.56 | 1.61 | 1.56 | 0.688 times |
| 20 Mon May 2024 | 1.59 | 1.61 | 1.68 | 1.57 | 1.108 times |
| 17 Fri May 2024 | 1.64 | 1.62 | 1.64 | 1.61 | 0.682 times |
| 16 Thu May 2024 | 1.64 | 1.60 | 1.67 | 1.60 | 0.948 times |
| 15 Wed May 2024 | 1.60 | 1.58 | 1.75 | 1.51 | 2.85 times |
My analysis of stock is bearish for shortterm, and stock might move down till 1.5 or till 1.4. Use a stoploss of 1.56 and if the stock hits stoploss, then it can shoot up till 1.61
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 |
| Downside 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 | 1.45 |
| Downside Intraday Target | 1.36 |
| Upside Intraday Target | 1.63 |
| Upside Intraday Target | 1.72 |
| Downside Intraday Target | 1.54 |
Weekly technical analysis of Cango Inc (CANG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 29 Wed May 2024 | 1.55 | 1.45 | 1.62 | 1.44 | 0.193 times |
| 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 |
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 |
| 29 Wed May 2024 | 1.55 | 1.46 | 1.75 | 1.44 | 0.855 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 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 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 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 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 weakening, and bulls are picking up momentum!
Ichimoku cloud is of green color and prices are in or below the green 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
Although the stock is in the BUY zone, but buying 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 1.57 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 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 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 weakening, and bulls are picking up momentum!
Ichimoku cloud is of green color and prices are in or below the green 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
Although the stock is in the BUY zone, but buying 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 1.57 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.