Overall CARG gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CARG is only an average performer.
Although CARG has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
31.61
3 important support areas can be observed.
- A support zone ranging from 34.73 to 35.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 33.12 to 33.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @31.93 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CARG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CARG is up. |
| ChartMill Relative Strength | 59.12 | NEUTRAL | CARG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CARG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CARG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CARG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.3 | NEUTRAL | The RSI value for CARG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests CARG has a positive trend. |
| Stochastics (14,3) | 93.26 | OVERBOUGHT | The high Stochastics value suggests CARG may be overbought. |
| Average True Range in percent/ATR (20) | 2.91 | MEDIUM VOLATILITY | The ATR as a percentage value for CARG suggests some volalility. |
| Average Directional Index/ADX (14) | 12.61 | NEGATIVE | The low ADX value for CARG suggests a weak or negative trend. |
38.5
+0.98 (+2.61%)
CARGURUS INC / CARG FAQ
What is the ChartMill technical rating of CARGURUS INC (CARG) stock?
ChartMill assigns a technical rating of 7 / 10 to CARG.
Can you provide the trend direction for CARGURUS INC?
The current trend direction for CARGURUS INC (CARG) is Bullish.
What is the RSI signal for CARGURUS INC (CARG) stock?
CARGURUS INC (CARG) has an RSI value of 68.2961. This indicates that the stock is currently neutral.
What is the short term momentum for CARG stock?
The short term momentum for CARGURUS INC (CARG) is positive.
Can you provide the support and resistance levels for CARGURUS INC?
CARGURUS INC (CARG) has a support level at 35.84. Check the full technical report for our detailed analysis of CARG support and resistance levels.