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(CARG) Cargurus Inc complete technical analysis [charts+indicators] | Buy/Sell Cargurus Inc | (CARG) share price targets

Complete technical analysis of Cargurus Inc (CARG) by charts plus indicators, forecast predictions and share price targets for Cargurus Inc (CARG)

Cargurus Inc trades in USA in Technology sector.

10 day averaged volume of Cargurus Inc is 851780

Date Daily Closing Price Open High Low Volume
28 Tue May 2024 23.47 24.06 24.14 23.42 0.821 times
23 Thu May 2024 23.61 23.81 23.90 23.34 0.738 times
22 Wed May 2024 23.72 23.84 24.13 23.63 0.84 times
21 Tue May 2024 23.87 23.45 23.91 23.20 0.897 times
20 Mon May 2024 23.57 23.69 24.01 23.55 0.968 times

My analysis of stock is bullish for shortterm, and stock might move up till 24.1 or till 25. Use a stoploss of 23.34 and if this stock hits its stoploss, then it can fall down till 22.57

Share price targets for Cargurus Inc (CARG)

Target Type Value
Downside Target 21.18
Downside Target 21.72
Downside Target 23.20
Upside Target 24.02
Upside Target 24.13
Upside Target 24.14
Upside Target 24.22
Upside Target 24.27
Upside Target 24.76
Upside Target 24.98

Intraday share price targets for Cargurus Inc (CARG)

Target Type Value
Downside Intraday Target 23.21
Downside Intraday Target 22.96
Upside Intraday Target 23.93
Upside Intraday Target 24.4
Upside Intraday Target 23.68

Weekly technical analysis of Cargurus Inc (CARG)

Date Weekly Closing Price Open High Low Volume
28 Tue May 2024 23.47 24.06 24.14 23.42 0.238 times
23 Thu May 2024 23.61 23.69 24.13 23.20 0.6 times
17 Fri May 2024 23.78 24.29 24.98 23.52 0.939 times
10 Fri May 2024 24.22 22.81 24.76 21.99 1.461 times
03 Fri May 2024 22.75 23.18 23.43 22.32 1.089 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Cargurus Inc (CARG)

Date Monthly Closing Price Open High Low Volume
28 Tue May 2024 23.47 22.60 24.98 21.99 1.025 times
30 Tue Apr 2024 22.46 23.04 23.73 21.18 0.506 times
28 Thu Mar 2024 23.08 22.22 24.22 22.01 1.296 times
29 Thu Feb 2024 22.14 23.36 24.27 21.72 1.828 times

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Cargurus Inc (CARG)

Indicator Name Indicator Value Indicator Signal
ADX 28, 20, 18 Buy
MACD 0, 0Sell
Stochastics 31None
CCI -66Buy
RSI 62Buy
OBV -2110358Sell
VWAP 24Sell
ADL 0Sell
ROC -3Sell
Force Index 0Sell

Price action analysis of Cargurus Inc ( (CARG) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Cargurus Inc ( (CARG) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Cargurus Inc ( (CARG) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Cargurus Inc ( (CARG) ) based on a mid to longer term time period is

ADX buy sell signal for Cargurus Inc stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Cargurus Inc in short term but the sell signal is initial and weak.

Cargurus Inc Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a buy signal for Cargurus Inc in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Cargurus Inc is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 23.98 and Cargurus Inc (CARG) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Cargurus Inc (CARG) stock. Volume based technical analysis of Cargurus Inc (CARG) stock is negative.

Cargurus Inc Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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