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Stock Trend Analysis Report

Prepared for you on Tuesday, March 21, 2023.

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

Bear Market Rally (-75) - CANG is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CANG as it may be in the beginning 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
1.090 1.105 1.060 1.085 +0.005
Entry Signal

MarketClub’s Trade Triangles for CANG

long term down The long-term trend has been DOWN since Jul 1st, 2022 at 2.24

intermediate term down The intermediate-term trend has been DOWN since Jan 31st, 2023 at 1.33

short term up The short-term trend has been UP since Mar 20th, 2023 at 1.10

Smart Scan Analysis for CANG

Based on our trend formula, CANG is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for CANG
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.090 1.105 1.060 1.085 +0.005
Prev. Close Volume Bid Ask Time
1.080 50416 2023-03-21 15:55:25
Year High13.9Year High Date2018-07-26
Year Low8.2Year Low Date2018-08-22
52wk High3.852wk High Date2022-05-23
52wk Low1.0152wk Low Date2023-03-15
Average Volume61,719Market Cap786M
Assets838,825,250MLiabilities249,457,728M
P/E Ratio38.7931Volatility25.57
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