Trading Signals: CAN Stock Price Prediction and Forecast

^ CAN: Intraday Hourly Forecast Similar Waves GapOpen Research Timing Gains Losses Strategies Practice

Tue. Feb. 9, 2021

Trading Signals: CAN Stock Price Prediction and Forecast (Thu. Nov. 21, 2019 - Fri. May. 13, 2022)

(Canaan Inc.)
CAN latest price $7.7500 (9.77%) ($7.0700 - $8.2500) on Tue. Feb. 9, 2021.

Trend Analysis and Forecast

Average Daily Percentage Swing   9.77% (three month average)
RSI   72
Latest Price   $7.7500(9.77%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   CAN advances 8.8% a day on average for past five trading days.
Weekly Trend   CAN advances 16.1% a week on average for past two weeks.
Market Behavior   Normal for large cap. Growth stock rally for small cap.
Correlated ETFs   Broad market will support CAN advance at 0% a week (0% probability)
PEJ(9%)    XLU(9%)    IBUY(8%)    XHB(8%)    XRT(8%)
Factors Impacting CAN price   CAN will decline at least -4.885% in a week (0% probabilities).
XLE(-11%)    SLV(-10%)    GLD(-9%)    XOP(-8%)    URA(-8%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility

Market Trend Strength   -4.885% (StdDev 9.77%)
Hourly BBV 0 ()
Intraday Trend -0.3%

5 Day Moving Average   $6.42(20.72%)
10 Day Moving Average   $5.68(36.44%)
20 Day Moving Average   $5.38(44.05%)
To recent high   0%
To recent low   55%
Market Cap   $1.214b

$. CAN price fluctuates within 14.68% (three month std-dev: 9.77%) daily (68% of days).

Sample size 2 Average positive next day return: 0%(0%) Average negative next day return: -2.1%(100%) Sample size 2 Average positive next three day return: 1.11%(50%) Average negative next three day return: -10.81%(50%) Sample size 2 Average positive next weekly return: 4.44%(50%) Average negative next weekly return: -12.31%(50%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20210309

i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Feb_9_2021	5.86	5.38	5.68	6.42	6.55	7.32	7.75(9.77%)	UT	OpenLong	75	1.7	46	880	25	109	21.65	79%	1.56	15.5	9.77%	0	3	72	1.1
2	Feb_8_2021	5.77	5.25	5.38	5.9	5.98	6.39	7.06(17.28%)	UT	OpenLong	75	2.1	34	520	21	73	15.34	78%	1.05	-13.5	9.73%	0	3.2	69	1.1
3	Feb_5_2021	5.71	5.19	5.18	5.46	5.5	5.77	6.02(6.74%)	UT	OpenLong	75	1.2	22	370	14	46	7.36	75%	0.18	-39.7	9.53%	0	1.8	64	1.1
4	Feb_4_2021	5.7	5.21	5.06	5.17	5.23	5.58	5.64(0.53%)	UT	OpenLong	75	0.9	10	500	7	18	8.38	75%	0	-33.8	9.6%	0	0.9	54	1.1
5	Feb_3_2021	5.7	5.23	4.97	5.06	5.1	5.23	5.61(8.93%)	UT	OpenLong	75	1	11	200	12	7	12.99	75%	-0.18	-19.4	9.6%	0	0.7	54	0.7

6	Feb_2_2021	5.71	5.26	4.9	4.84	4.98	4.89	5.15(5.53%)	DP	OpenShort	-65	0.5	-4	-40	2	-20	7.3	75%	-0.52	-12.2	9.56%	0	-0.2	44	-0.1
7	Jan_28_2021	5.74	5.38	4.94	4.93	4.91	4.74	5.08(12.64%)	DP	OpenShort	-65	0.2	-10	-250	3	-49	10.18	75%	-0.69	31	9.52%	0	-0.5	33	-2.2
8	Jan_25_2021	5.78	5.28	5.12	4.96	4.9	5	5.24(6.72%)	DP	OpenShort	-65	0.4	-16	110	4	-75	7.01	73%	-0.52	23.3	9.37%	0	-0.1	29	0.8
9	Jan_14_2021	5.81	5.06	5.94	5.59	5.49	5.4	5.28(0.76%)	UD	OpenLong	65	-0.3	13	-170	-10	80	7.37	73%	-0.68	55.2	9.46%	0	0.2	71	1.2
10	Jan_13_2021	5.85	4.99	5.87	5.83	5.75	5.5	5.24(-7.26%)	UD	OpenLong	65	-0.6	21	-350	-8	107	8.63	73%	-0.85	60.5	9.5%	0	0.2	65	1.4

11	Jan_12_2021	5.9	4.9	5.77	6.03	6.06	5.58	5.65(2.36%)	UD	OpenLong	65	-0.3	26	-540	-8	128	6.56	73%	-0.34	63.8	9.43%	0	0.7	67	1.1
12	Jan_11_2021	5.92	4.79	5.64	6.17	6.25	6	5.52(-11.68%)	UD	OpenLong	65	-0.6	28	-240	-11	145	10.17	73%	-0.67	65.8	9.44%	0	0.7	65	0.2
13	Jan_8_2021	5.96	4.71	5.48	6.4	6.4	6.55	6.25(-3.85%)	UD	OpenLong	75	-0.1	46	160	2	178	17.36	80%	0.51	72.7	9.28%	0	1.3	71	1.6
14	Jan_7_2021	5.93	4.57	5.24	6.34	6.48	6.5	6.5(4.33%)	UT	HoldLong	65	0.1	62	90	18	193	25.81	80%	1.19	74	9.25%	0	1.8	77	1.5
15	Jan_6_2021	5.86	4.43	5	5.91	6.22	6.25	6.23(-1.74%)	UD	OpenLong	75	0.3	56	190	18	170	16.89	80%	0.69	60.5	9.25%	0	1.8	78	-0.4

16	Jan_5_2021	5.82	4.3	4.79	5.46	5.69	6.46	6.34(-5.09%)	UD	OpenLong	75	0.9	53	1070	22	146	21.21	80%	1.39	42.9	9.24%	0	2.2	79	-0.5
17	Jan_4_2021	5.74	4.15	4.57	5.03	5.17	6.19	6.68(12.65%)	UT	HoldLong	65	2.1	62	1460	38	133	35.91	80%	2.68	20.4	9.19%	0	3.2	83	-1.6
18	Dec_31_2020	5.59	4	4.3	4.44	4.53	4.92	5.93(35.39%)	UT	OpenLong	75	2.8	43	660	29	84	79.01	77%	1.27	-22.4	9.11%	0	3.6	72	1.2
19	Nov_30_2020	5.52	3.54	4.58	5.52	5.69	5.64	5(-13.04%)	UD	OpenLong	75	-0.4	111	30	6	426	13.38	65%	-2.3	94.9	6.93%	0	1.1	79	1.1
20	Nov_27_2020	5.65	3.39	4.36	5.38	5.57	5.93	5.75(-9.73%)	UD	OpenLong	75	0.3	142	560	32	473	8.52	81%	0.53	94.9	6.69%	0	1.8	86	1.1

21	Nov_25_2020	5.62	3.2	4.05	4.92	5.09	5.73	6.37(17.53%)	UT	HoldLong	65	1.2	151	980	52	446	20.07	100%	7.25	86.1	6.52%	0	2.6	92	1.3
22	Nov_24_2020	5.24	2.96	3.65	4.29	4.42	5.21	5.42(7.11%)	UT	HoldLong	65	1.2	127	1340	43	378	9.61	100%	3.56	77.5	6.23%	0	2.5	92	1.1
23	Nov_23_2020	5.06	2.78	3.34	3.87	3.9	4.46	5.06(18.22%)	UT	HoldLong	65	1.5	111	1030	41	321	11.16	100%	-12.61	74.6	6.22%	0	2.9	90	1.1
24	May_14_2020	5.79	4.98	5.4	5.79	3.9	5.84	5.97(-0.33%)	UD	OpenLong	75	0.3	24	100	2	88	0.46	50%	0	78.9	8.33%	0	1.6	74	0.8
25	May_13_2020	5.79	4.9	5.32	5.76	5.73	5.76	5.99(4.54%)	UT	OpenLong	75	0.4	33	20	9	103	0.36	32%		89.1	8.33%	0	1.8	70	0.1
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD

Click to see actual return for next trading day.