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Stock Trend Analysis Report

Prepared for you on Tuesday, May 28, 2024.

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

Sidelines Mode (-55) - CAN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
1.0500 1.0700 0.9800 0.9993 -0.0507
Entry Signal

MarketClub’s Trade Triangles for CAN

long term down The long-term trend has been DOWN since Apr 15th, 2024 at 1.19

intermediate term up The intermediate-term trend has been UP since May 15th, 2024 at 1.10

short term down The short-term trend has been DOWN since May 23rd, 2024 at 1.03

Smart Scan Analysis for CAN

Based on our trend formula, CAN is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for CAN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0500 1.0700 0.9800 0.9993 -0.0507
Prev. Close Volume Bid Ask Time
1.0500 4731257 2024-05-28 15:59:52
52wk High3.552wk High Date2023-12-27
52wk Low0.7552wk Low Date2024-04-19
Average Volume9,435,836Assets534,115,000M
Liabilities122,380,000MP/E Ratio0.0498
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