(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 2024-08-05 View latest technical analysis
10 day averaged volume of Cango Inc is 20726
| Date | Daily Closing Price | Open | High | Low | Volume |
| 05 Mon Aug 2024 | 1.67 | 1.75 | 1.75 | 1.66 | 2.075 times |
| 02 Fri Aug 2024 | 1.78 | 1.82 | 1.90 | 1.78 | 2.384 times |
| 01 Thu Aug 2024 | 1.85 | 1.90 | 1.91 | 1.84 | 0.647 times |
| 31 Wed Jul 2024 | 1.87 | 1.85 | 1.90 | 1.85 | 0.294 times |
| 30 Tue Jul 2024 | 1.86 | 1.87 | 1.88 | 1.85 | 1.219 times |
| 29 Mon Jul 2024 | 1.94 | 1.89 | 1.94 | 1.87 | 0.805 times |
| 26 Fri Jul 2024 | 1.91 | 1.94 | 1.95 | 1.88 | 0.984 times |
| 25 Thu Jul 2024 | 1.94 | 1.93 | 1.96 | 1.93 | 0.316 times |
| 24 Wed Jul 2024 | 1.93 | 1.98 | 2.00 | 1.90 | 0.278 times |
| 23 Tue Jul 2024 | 1.95 | 1.96 | 2.03 | 1.91 | 1.563 times |
Stock of Cango Inc (CANG) has showed a significant fall. This could be a good time to exit from this stock.
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 1.7, for a target of 1.8 or 1.92
Share price targets for Cango Inc (CANG)
| Target Type | Value |
| Downside Target | 1.32 |
| Downside Target | 1.44 |
| Downside Target | 1.50 |
| Downside Target | 1.60 |
| Downside Target | 1.65 |
| Upside Target | 1.73 |
| Upside Target | 1.88 |
| Upside Target | 1.94 |
| Upside Target | 1.96 |
| Upside Target | 2.03 |
| Upside Target | 2.07 |
| Upside Target | 2.08 |
Intraday share price targets for Cango Inc (CANG)
| Target Type | Value |
| Downside Intraday Target | 1.64 |
| Downside Intraday Target | 1.6 |
| Upside Intraday Target | 1.73 |
| Upside Intraday Target | 1.78 |
| Upside Intraday Target | 1.69 |
Weekly technical analysis of Cango Inc (CANG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 05 Mon Aug 2024 | 1.67 | 1.75 | 1.75 | 1.66 | 0.388 times |
| 02 Fri Aug 2024 | 1.78 | 1.89 | 1.94 | 1.78 | 1.15 times |
| 26 Fri Jul 2024 | 1.91 | 1.93 | 2.03 | 1.88 | 0.667 times |
| 19 Fri Jul 2024 | 1.95 | 2.00 | 2.08 | 1.92 | 0.452 times |
| 12 Fri Jul 2024 | 2.02 | 1.73 | 2.07 | 1.73 | 18.941 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 |
| 05 Mon Aug 2024 | 1.67 | 1.90 | 1.91 | 1.66 | 0.145 times |
| 31 Wed Jul 2024 | 1.87 | 1.67 | 2.08 | 1.65 | 0.658 times |
| 28 Fri Jun 2024 | 1.67 | 1.54 | 1.96 | 1.50 | 0.979 times |
| 31 Fri May 2024 | 1.49 | 1.46 | 1.75 | 1.44 | 0.905 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 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 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 gaining 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 1.83 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 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 gaining 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 1.83 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.