Stock Trend Analysis Report
Prepared for you on Sunday, July 12, 2020.
Canaan Inc. (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.
MarketClub’s Trade Triangles for CAN
The long-term trend has been DOWN since Nov 25th, 2019 at 7.50
The intermediate-term trend has been DOWN since May 15th, 2020 at 4.11
The short-term trend has been DOWN since Jul 7th, 2020 at 1.81
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).
|52wk High||13||52wk High Date||2019-11-21|
|52wk Low||2||52wk Low Date||2020-06-01|