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Stock Trend Analysis Report

Prepared for you on Saturday, May 25, 2024.

Cango Inc. American Depositary Shares, each representing two (2) Class A Ordinary Shares (NYSE:CANG)

Bull Market Weakness (+75) - CANG is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CANG as it may be in the beginning stages of a reversal.

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

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

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

NYSE_CANG
Open High Low CANG Price Change
1.5300 1.6699 1.4900 1.5200 -0.0400
Entry Signal

MarketClub’s Trade Triangles for CANG

long term up The long-term trend has been UP since Feb 2nd, 2024 at 1.200

intermediate term up The intermediate-term trend has been UP since May 6th, 2024 at 1.586

short term up The short-term trend has been UP since May 24th, 2024 at 1.625

Smart Scan Analysis for CANG

Based on our trend formula, CANG is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for CANG
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.5300 1.6699 1.4900 1.5200 -0.0400
Prev. Close Volume Bid Ask Time
1.4700 93204 2024-05-24 15:59:51
Year High13.9Year High Date2018-07-26
Year Low8.2Year Low Date2018-08-22
52wk High1.8852wk High Date2024-02-23
52wk Low0.9252wk Low Date2023-12-07
Average Volume51,808Market Cap786M
Assets464,861,001MLiabilities831,633,527M
P/E Ratio38.7931Volatility25.57
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