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(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, -1Sell
Stochastics 20Sell
CCI -157Buy
RSI 59Buy
OBV -6404100Sell
VWAP 8Sell
ADL 0Sell
ROC -8Sell
Force Index 0Sell

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

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart
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