CAN NEWS why is Canaan Inc Adr price falling or rising

CAN NEWS reasons for why stock price of Canaan Inc Adr is falling or rising

CAN Canaan Inc is falling or rising technical reasons

Technical analysis forecast of Canaan Inc Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Canaan Inc CAN at this time. Stock is rising and might rise more.

It appears as if Canaan Inc CAN gave a large move recently.

Stock of Canaan Inc (CAN) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Canaan Inc is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Canaan Inc stays above 2.5, but if it comes below 2.5, then a intra day sell could be more profitable.
If you take a sell trade below 2.5, then use 2.5 as stoploss and 1.98 as target. However if you take a buy trade in Canaan Inc, then use 2.5 as stoploss and 3 as target.

CAN Canaan Inc is falling or rising NEWS fundamental reasons

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More announcements and NEWS

CAN Canaan Inc Adr current price & indicator signals

Moving Averages for Canaan Inc Adr

  • 5Day Average: 2.55
  • 12Day Average: 2.1
  • 20Day Average: 1.87
  • 50Day Average: 1.38
  • 100Day Average: 1.18
  • 150Day Average: 1.13
  • 200Day Average: 1.16

CAN Indicators & signals

Indicator MACD (12,26,9)

2.21, 1.85, 0.26
Indicator MACD is in positive zone

Indicator ADX (14)

33.33, 42.42, 21.21
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 61
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of CAN Canaan Inc Adr are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
12 Thu Dec 2024 2.76 2.64 to 3.03 3.76% 1.01 times
11 Wed Dec 2024 2.66 2.48 to 2.73 5.14% 0.88 times
10 Tue Dec 2024 2.53 2.43 to 3.01 -15.38% 1.15 times
09 Mon Dec 2024 2.99 2.77 to 3.10 66.11% 1.43 times
26 Tue Nov 2024 1.80 1.79 to 1.98 0% 0.77 times
26 Tue Nov 2024 1.80 1.79 to 1.98 -13.46% 0.77 times
25 Mon Nov 2024 2.08 1.88 to 2.15 5.58% 1.14 times
22 Fri Nov 2024 1.97 1.71 to 1.99 8.24% 0.81 times
21 Thu Nov 2024 1.82 1.53 to 1.88 8.98% 1.49 times
20 Wed Nov 2024 1.67 1.47 to 1.81 5.03% 1.08 times
19 Tue Nov 2024 1.59 1.54 to 1.65 3.92% 0.47 times
18 Mon Nov 2024 1.53 1.50 to 1.65 -7.27% 0.58 times

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CAN NEWS why is Canaan Inc Adr price falling or rising

 

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