(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 2024-08-30 View latest technical analysis
10 day averaged volume of Cango Inc is 19424
| Date | Daily Closing Price | Open | High | Low | Volume |
| 30 Fri Aug 2024 | 1.72 | 1.73 | 1.78 | 1.70 | 1.282 times |
| 30 Fri Aug 2024 | 1.72 | 1.73 | 1.79 | 1.70 | 1.282 times |
| 29 Thu Aug 2024 | 1.77 | 1.73 | 1.78 | 1.72 | 1.197 times |
| 28 Wed Aug 2024 | 1.72 | 1.75 | 1.80 | 1.72 | 0.736 times |
| 27 Tue Aug 2024 | 1.72 | 1.82 | 1.82 | 1.72 | 0.525 times |
| 26 Mon Aug 2024 | 1.77 | 1.76 | 1.77 | 1.74 | 0.206 times |
| 23 Fri Aug 2024 | 1.79 | 1.73 | 1.86 | 1.73 | 1.015 times |
| 22 Thu Aug 2024 | 1.70 | 1.83 | 1.87 | 1.67 | 1.462 times |
| 21 Wed Aug 2024 | 1.83 | 1.82 | 1.87 | 1.78 | 1.313 times |
| 20 Tue Aug 2024 | 1.78 | 1.74 | 1.85 | 1.74 | 0.657 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 1.7 as stoploss in an intra day buy trade for a target of 1.75. However, stock will show a bearish move below 1.7.
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 | 1.75 |
| Upside Target | 1.82 |
| Upside Target | 1.88 |
| Upside Target | 1.90 |
| Upside Target | 1.94 |
| Upside Target | 1.96 |
| Upside Target | 2.08 |
Intraday share price targets for Cango Inc (CANG)
| Target Type | Value |
| Downside Intraday Target | 1.69 |
| Downside Intraday Target | 1.65 |
| Upside Intraday Target | 1.77 |
| Upside Intraday Target | 1.81 |
| Upside Intraday Target | 1.73 |
Weekly technical analysis of Cango Inc (CANG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 30 Fri Aug 2024 | 1.72 | 1.73 | 1.78 | 1.70 | 0.325 times |
| 30 Fri Aug 2024 | 1.72 | 1.76 | 1.82 | 1.70 | 0.652 times |
| 23 Fri Aug 2024 | 1.79 | 1.82 | 1.94 | 1.67 | 1.241 times |
| 16 Fri Aug 2024 | 1.85 | 1.73 | 1.90 | 1.66 | 1.023 times |
| 09 Fri Aug 2024 | 1.76 | 1.75 | 1.88 | 1.66 | 0.835 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 |
| 30 Fri Aug 2024 | 1.72 | 1.90 | 1.94 | 1.66 | 0.643 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 neutral. A longer time frame might give a better analysis.
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 and the sell signal is strong.
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 red color and prices are below the red 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 BUY signal in short term but buying is losing 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 1.75 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 is giving positive returns over a short term period. Returns for a longer term period have been negative.
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 neutral. A longer time frame might give a better analysis.
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 and the sell signal is strong.
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 red color and prices are below the red 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 BUY signal in short term but buying is losing 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 1.75 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 is giving positive returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.