Free Daily Analysis

Stock Trend Analysis Report

Prepared for you on Friday, September 22, 2023.

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

Long-Term Downtrend (-90) - CAN is in a strong downtrend that is likely to continue. While CAN is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
1.8200 1.8664 1.7999 1.8300 +0.0400
Entry Signal

MarketClub’s Trade Triangles for CAN

long term down The long-term trend has been DOWN since Sep 13th, 2023 at 1.83

intermediate term down The intermediate-term trend has been DOWN since Aug 7th, 2023 at 2.68

short term down The short-term trend has been DOWN since Sep 19th, 2023 at 1.82

Smart Scan Analysis for CAN

Based on our trend formula, CAN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CAN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.8200 1.8664 1.7999 1.8300 +0.0400
Prev. Close Volume Bid Ask Time
1.7900 469830 2023-09-22 12:13:07
52wk High3.9852wk High Date2023-02-02
52wk Low1.7352wk Low Date2023-09-21
Average Volume2,327,050Assets633,700,000M
Liabilities85,577,000MP/E Ratio0.1168
Get a free daily analysis and signals for Canaan Inc. - American Depositary Shares (CAN) - Request Your Free Report.