(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 2024-06-03 View latest technical analysis
10 day averaged volume of Cango Inc is 44762
| Date | Daily Closing Price | Open | High | Low | Volume |
| 03 Mon Jun 2024 | 1.61 | 1.54 | 1.61 | 1.52 | 0.299 times |
| 31 Fri May 2024 | 1.49 | 1.49 | 1.56 | 1.49 | 0.784 times |
| 30 Thu May 2024 | 1.52 | 1.52 | 1.59 | 1.52 | 0.614 times |
| 29 Wed May 2024 | 1.55 | 1.46 | 1.55 | 1.46 | 0.199 times |
| 28 Tue May 2024 | 1.49 | 1.45 | 1.62 | 1.44 | 1.028 times |
| 24 Fri May 2024 | 1.47 | 1.53 | 1.67 | 1.47 | 2.107 times |
| 23 Thu May 2024 | 1.56 | 1.60 | 1.63 | 1.51 | 0.856 times |
| 22 Wed May 2024 | 1.60 | 1.48 | 1.61 | 1.48 | 0.695 times |
| 21 Tue May 2024 | 1.56 | 1.56 | 1.61 | 1.56 | 1.032 times |
| 20 Mon May 2024 | 1.59 | 1.61 | 1.68 | 1.57 | 1.662 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1.6, but if it comes below 1.6, then a intra day sell could be more profitable.
If you take a sell trade below 1.6, then use 1.6 as stoploss and 1.56 as target. However if you take a buy trade in stock , then use 1.6 as stoploss and 1.7 as target.
Share price targets for Cango Inc (CANG)
| Target Type | Value |
| Downside Target | 1.12 |
| Downside Target | 1.32 |
| Downside Target | 1.35 |
| Downside Target | 1.44 |
| Downside Target | 1.52 |
| Downside Target | 1.60 |
| Upside Target | 1.62 |
| 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 | 1.55 |
| Downside Intraday Target | 1.49 |
| Upside Intraday Target | 1.64 |
| Upside Intraday Target | 1.67 |
| Downside Intraday Target | 1.58 |
Weekly technical analysis of Cango Inc (CANG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 03 Mon Jun 2024 | 1.61 | 1.54 | 1.61 | 1.52 | 0.114 times |
| 31 Fri May 2024 | 1.49 | 1.45 | 1.62 | 1.44 | 0.413 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 |
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 |
| 03 Mon Jun 2024 | 1.61 | 1.54 | 1.61 | 1.52 | 0.012 times |
| 31 Fri May 2024 | 1.49 | 1.46 | 1.75 | 1.44 | 0.905 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 |
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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 SELL signal for Cango Inc in short term but the sell 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 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 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 BUY signal in short term and the buying is gaining 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 1.53 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 SELL signal for Cango Inc in short term but the sell 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 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 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 BUY signal in short term and the buying is gaining 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 1.53 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.