COUPANG INC (CPNG) Technical Analysis
NYSE:CPNG • US22266T1097
Current stock price
CPNG Technical Rating and Analysis
Taking everything into account, CPNG scores 3 out of 10 in our technical rating. In the past year, CPNG was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, CPNG is a bad performer in the overall market: 78% of all stocks are doing better.
- CPNG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month CPNG has a been trading in the 18.88 - 22.24 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- CPNG has an average volume of 21227900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- CPNG is part of the Broadline Retail industry. There are 30 other stocks in this industry, CPNG did better than 41% of them.
CPNG Weekly and Daily overview Charts
CPNG Setup Rating and Analysis
Although the technical rating is bad, CPNG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
CPNG Support and Resistance Analysis
17.91
3 important support areas can be observed.
- A support zone ranging from 20.25 to 20.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 18.98 to 19.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 18.09 to 18.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @20.61 from a trend line in the daily time frame.
- A resistance zone ranging from 21.55 to 21.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
CPNG Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for CPNG is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CPNG is neutral. |
| ChartMill Relative Strength | 22.79 | NEGATIVE | CPNG has a low relative strength, it was outperformed by 77.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CPNG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CPNG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CPNG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.56 | NEUTRAL | The RSI value for CPNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests CPNG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.34 | NEUTRAL | The Stochastics value for CPNG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.44 | MEDIUM VOLATILITY | The ATR as a percentage value for CPNG suggests some volalility. |
| Average Directional Index/ADX (14) | 20.18 | NEUTRAL | The ADX value for CPNG suggests a possible start of a new trend. |
CPNG Chart- and CandleStick Pattern Analysis
CPNG Technicals: Chart, Performance Metrics, Trend & Indicators
20.59
+0.61 (+3.05%)
COUPANG INC / CPNG TA FAQ
What is the technical rating for CPNG stock?
ChartMill assigns a technical rating of 3 / 10 to CPNG.
Can you provide the trend direction for COUPANG INC?
The current trend direction for COUPANG INC (CPNG) is Bearish.
What is the RSI signal for COUPANG INC (CPNG) stock?
COUPANG INC (CPNG) has an RSI value of 55.5633. This indicates that the stock is currently neutral.
What is the short term momentum for CPNG stock?
The short term momentum for COUPANG INC (CPNG) is neutral.
Can you provide the support and resistance levels for COUPANG INC?
COUPANG INC (CPNG) has a support level at 20.53 and a resistance level at 20.61. Check the full technical report for our detailed analysis of CPNG support and resistance levels.