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Stock Trend Analysis Report

Prepared for you on Thursday, August 11, 2022.

Canaan Inc. - American Depositary Shares (NASDAQ:CAN)

Weak Downtrend (-65) - CAN is showing signs of a strengthening downtrend. Monitor CAN as it may be building momentum to the downside.

Is it time to buy, sell, or avoid CAN?

MarketClub looks at technical strength and momentum to determine if the timing is right for CAN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_CAN
Open High Low CAN Price Change
4.23 4.38 4.06 4.06 -0.02
Entry Signal

MarketClub’s Trade Triangles for CAN

long term down The long-term trend has been DOWN since Dec 6th, 2021 at 5.460

intermediate term down The intermediate-term trend has been DOWN since Aug 1st, 2022 at 3.657

short term up The short-term trend has been UP since Aug 4th, 2022 at 3.990

Smart Scan Analysis for CAN

Based on our trend formula, CAN is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for CAN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.23 4.38 4.06 4.06 -0.02
Prev. Close Volume Bid Ask Time
4.08 1983691 2022-08-11 15:59:58
52wk High11.189952wk High Date2021-11-09
52wk Low2.5652wk Low Date2022-05-12
Average Volume2,300,671Assets625,051,200M
Liabilities227,995,100MP/E Ratio0.3326
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