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Stock Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
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.
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MarketClub’s Trade Triangles for CAN
The long-term trend has been DOWN since Apr 15th, 2024 at 1.190
The intermediate-term trend has been UP since Jul 15th, 2024 at 1.150
The short-term trend has been DOWN since Jul 22nd, 2024 at 1.132
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
Strong Downtrend
Sideways
Strong Uptrend
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.050 | 1.090 | 1.040 | 1.055 | +0.045 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.010 | 2920195 | 2024-07-26 15:59:46 |
| 52wk High | 3.5 | 52wk High Date | 2023-12-27 |
| 52wk Low | 0.75 | 52wk Low Date | 2024-04-19 |
| Average Volume | 5,159,506 | Assets | 534,115,000M |
| Liabilities | 122,380,000M | P/E Ratio | 0.0498 |
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