CANAAN INC (CAN)
US1347481020 - ADR
We assign a technical rating of 9 out of 10 to CAN. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CAN is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
CAN is part of the Technology Hardware, Storage & Peripherals industry. There are 32 other stocks in this industry. CAN outperforms 87% of them.
In the last month CAN has a been trading in the 0.97 - 2.01 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
CAN has an average volume of 9135410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that CAN is one of the better performing stocks in the market, outperforming 87% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
CAN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CAN is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
CAN has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
0.84
3.15
6 important support areas can be observed.
- Support @1.76 from a trend line in the daily time frame.
- A support zone ranging from 1.66 to 1.68. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @1.02 from a trend line in the daily time frame.
- Support @0.97 from a trend line in the daily time frame.
- Support @0.95 from a trend line in the weekly time frame.
- Support @0.85 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @2.72 from a trend line in the weekly time frame.
- Resistance @3.12 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.2
Mansfield1.16
10 Day High2.01
10 Day Low1.17
20 Day High2.01
20 Day Low0.97
52 Week High3.5
52 Week Low0.72
Performance
1 Week10.6%
2 Weeks12.84%
1 Month72.11%
3 Month68.43%
6 Month59.05%
12 Month-3.47%
2 Year-35.77%
3 Year-81%
5 Year-79.76%
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.02
RSI(14)61.26
LBB1.14
UBB1.83
CANAAN INC
NASDAQ:CAN (11/21/2024, 4:14:05 PM)
After market: 1.8 -0.02 (-1.1%)1.82
+0.15 (+8.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg8.98%
1 Week10.6%
2 Weeks12.84%
1 Month72.11%
3 Month68.43%
6 Month59.05%
12 Month-3.47%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.24
ATR(20)%12.89%
ATR Inc
Range Today0.35
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High2.01
10 Day Low1.17
20 Day High2.01
20 Day Low0.97
52 Week High3.5
52 Week Low0.72
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume34.94M
Volume Incr34.07%
Vol(5)16.12M
Vol(50)9.14M