(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.
10 day averaged volume of Cango Inc is 683660
| Date | Daily Closing Price | Open | High | Low | Volume |
| 13 Tue Apr 2021 | 7.85 | 7.89 | 8.25 | 7.80 | 0.794 times |
| 12 Mon Apr 2021 | 7.71 | 8.38 | 8.41 | 7.65 | 1.726 times |
| 09 Fri Apr 2021 | 8.30 | 8.49 | 8.55 | 8.24 | 1.13 times |
| 08 Thu Apr 2021 | 8.44 | 8.43 | 8.49 | 8.30 | 0.827 times |
| 07 Wed Apr 2021 | 8.30 | 8.52 | 8.54 | 8.26 | 0.848 times |
| 06 Tue Apr 2021 | 8.49 | 8.49 | 8.51 | 8.26 | 0.832 times |
| 05 Mon Apr 2021 | 8.30 | 8.44 | 8.47 | 8.24 | 1.074 times |
| 01 Thu Apr 2021 | 8.40 | 8.55 | 8.57 | 8.33 | 1.186 times |
| 31 Wed Mar 2021 | 8.40 | 8.43 | 8.57 | 8.32 | 0.818 times |
| 30 Tue Mar 2021 | 8.49 | 8.43 | 8.56 | 8.24 | 0.934 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 7.9, but if it comes above 7.9, then a intra day buy could be more profitable.
If you take a sell trade below 7.9, then use 7.9 as stoploss and 7.1 as target. However if you take a buy trade in stock , then use 7.9 as stoploss and 8.6 as target.
Share price targets for Cango Inc (CANG)
| Target Type | Value |
| Downside Target | 6.87 |
| Downside Target | 7.13 |
| Downside Target | 7.40 |
| Downside Target | 7.65 |
| Upside Target | 8.24 |
| Upside Target | 8.72 |
| Upside Target | 9.01 |
| Upside Target | 10.37 |
| Upside Target | 10.91 |
| Upside Target | 11.01 |
| Upside Target | 16.47 |
| Upside Target | 19.60 |
Intraday share price targets for Cango Inc (CANG)
| Target Type | Value |
| Downside Intraday Target | 7.53 |
| Downside Intraday Target | 7.21 |
| Upside Intraday Target | 8.29 |
| Upside Intraday Target | 8.73 |
| Upside Intraday Target | 7.97 |
Weekly technical analysis of Cango Inc (CANG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 13 Tue Apr 2021 | 7.85 | 8.38 | 8.41 | 7.65 | 0.535 times |
| 09 Fri Apr 2021 | 8.30 | 8.44 | 8.55 | 8.24 | 1.322 times |
| 01 Thu Apr 2021 | 8.40 | 8.54 | 8.72 | 8.24 | 0.516 times |
| 26 Fri Mar 2021 | 8.43 | 8.75 | 9.01 | 7.40 | 0.662 times |
| 19 Fri Mar 2021 | 8.74 | 9.92 | 10.91 | 8.50 | 1.458 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 |
| 13 Tue Apr 2021 | 7.85 | 8.55 | 8.57 | 7.65 | 0.219 times |
| 31 Wed Mar 2021 | 8.40 | 9.01 | 11.01 | 7.13 | 1.463 times |
| 26 Fri Feb 2021 | 8.73 | 16.35 | 16.47 | 8.25 | 1.047 times |
| 29 Fri Jan 2021 | 14.20 | 7.25 | 19.60 | 6.95 | 1.565 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)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 12, 28, 39 | Sell |
| MACD | -1, -1 | Sell |
| Stochastics | 20 | Sell |
| CCI | -157 | Buy |
| RSI | 59 | Buy |
| OBV | -6404100 | Sell |
| VWAP | 8 | Sell |
| ADL | 0 | Sell |
| ROC | -8 | Sell |
| Force Index | 0 | Sell |
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 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 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 Strong and stock is gaining 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 getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red 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 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 8.23 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Daily charts
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