(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 2024-10-01 View latest technical analysis
10 day averaged volume of Cango Inc is 117700
| Date | Daily Closing Price | Open | High | Low | Volume |
| 01 Tue Oct 2024 | 1.73 | 1.75 | 1.78 | 1.72 | 0.26 times |
| 30 Mon Sep 2024 | 1.78 | 1.79 | 1.83 | 1.72 | 1.359 times |
| 27 Fri Sep 2024 | 1.82 | 1.74 | 1.85 | 1.74 | 0.632 times |
| 26 Thu Sep 2024 | 1.69 | 1.65 | 1.80 | 1.65 | 1.351 times |
| 25 Wed Sep 2024 | 1.61 | 1.60 | 1.69 | 1.59 | 0.551 times |
| 24 Tue Sep 2024 | 1.60 | 1.62 | 1.67 | 1.48 | 3.226 times |
| 23 Mon Sep 2024 | 1.60 | 1.60 | 1.68 | 1.53 | 0.741 times |
| 20 Fri Sep 2024 | 1.61 | 1.55 | 1.70 | 1.46 | 0.95 times |
| 19 Thu Sep 2024 | 1.58 | 1.51 | 1.66 | 1.51 | 0.562 times |
| 18 Wed Sep 2024 | 1.50 | 1.54 | 1.69 | 1.48 | 0.414 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1.7, but if it comes below 1.7, then a intra day sell could be more profitable.
If you take a sell trade below 1.7, then use 1.7 as stoploss and 1.63 as target. However if you take a buy trade in stock , then use 1.7 as stoploss and 1.8 as target.
Share price targets for Cango Inc (CANG)
| Target Type | Value |
| Downside Target | 1.40 |
| Downside Target | 1.46 |
| Downside Target | 1.59 |
| Downside Target | 1.65 |
| Upside Target | 1.77 |
| Upside Target | 1.78 |
| Upside Target | 1.83 |
| Upside Target | 1.85 |
| 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 | 1.8 |
| Upside Intraday Target | 1.87 |
| Upside Intraday Target | 1.76 |
Weekly technical analysis of Cango Inc (CANG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 01 Tue Oct 2024 | 1.73 | 1.79 | 1.83 | 1.72 | 0.249 times |
| 27 Fri Sep 2024 | 1.82 | 1.60 | 1.85 | 1.48 | 2.898 times |
| 20 Fri Sep 2024 | 1.61 | 1.53 | 1.70 | 1.46 | 2.538 times |
| 13 Fri Sep 2024 | 1.53 | 1.64 | 1.69 | 1.40 | 1.305 times |
| 06 Fri Sep 2024 | 1.67 | 1.75 | 1.77 | 1.59 | 3.201 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 |
| 01 Tue Oct 2024 | 1.73 | 1.75 | 1.78 | 1.72 | 0.022 times |
| 30 Mon Sep 2024 | 1.78 | 1.75 | 1.85 | 1.40 | 2.925 times |
| 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 |
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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Cango Inc ( (CANG) ) based on a short 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.
Price action analysis of Cango Inc ( (CANG) ) based on a short to mid 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.
Price action analysis of Cango Inc ( (CANG) ) based on a mid to longer 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.
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 BUY signal for Cango Inc in short term but the buy 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Cango Inc in short term but SELL signal is weak.
RSI is generating a BUY signal in short term but buying 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 1.65 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Cango Inc ( (CANG) ) based on a short 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.
Price action analysis of Cango Inc ( (CANG) ) based on a short to mid 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.
Price action analysis of Cango Inc ( (CANG) ) based on a mid to longer 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.
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 BUY signal for Cango Inc in short term but the buy 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Cango Inc in short term but SELL signal is weak.
RSI is generating a BUY signal in short term but buying 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 1.65 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 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.