CAN Stock Price Prediction

Canaan Inc

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0.691

+0.058(+9.150%)

Overview
Forecast
Valuation
Earnings

Should I Buy Canaan Inc Stock?

Based on our evaluation of the five key dimensions—Technical Signals, Moving Average trends, Short Sell Data, Similar Chart Pattern Matching and Seasonality Analysis—we have identified the following insights. CAN has several negative signals and is within a falling trend, so we believe it will perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Our analysis conclusion for this stock is a Strong Sell candidate.

CAN stock price ended at $0.6913 on Tuesday, after rising 9.15%

The Canaan Inc stock price increased by 9.15% on the last trading day (27 May 2025), rising from 0.665 to 0.6913. Throughout the last trading session, the stock experienced a fluctuation of 11.47% , ranging from a day low of $0.655 to a day high of 0.7301. The price has declined in 5 of the last 10 days, resulting in a total change of -16.79% during this period. On the last day, trading volume increase by 21.09M shares, with the rising prices. This could serve as an early warning, indicating that risk may slightly increase in the coming days. In total, 54.44M shares were traded, amounting to approximately 38.34M.

CAN Technical Signals

CAN(Canaan Inc Corp) has 0 buy signals and 3 sell signals now. The current trend is downtrend starting from 2025-05-19. The total price change during this trend is -15.70%. Recently, the price has increased significantly with an increase in volume, indicating a strong bullish signal. The average turnover of CAN over the last 5 trading days is 28.90M. Overall, the technical indicator signals lean more toward a Bearish outlook in the mid-term.

CAN Moving Average Analysis

Canaan Inc's overall moving average trend leans more bearish as of Wednesday, May 28, 2025, with 4 negative signals and 0 positive signal. In the mid-term, the SMA_20 being below the SMA_60 signals a strong bearish trend. There will be some resistance from the lines at $0.9527066666666666, and $1.0653966666666665. A break-up above any of these levels will issue buy signals. There will be some support from the lines at $0.5880866666666666, and $0.4753966666666666. A break-down below any of these levels will issue sell signals.

CAN Short Selling Analysis

The short sale ratio of Canaan Inc(CAN) as of 23 May 2025 is 40.89%, dropping from last trading day. With decreasing price from 0.70 to 0.63. The short sell activity indicate that short sellers may be anticipating price hit a bottom.

Technical Signal

Technical Signals Summary

Sell

Buy

Moving Average

Swing

Negative

Stock Price Below SMA_5

Short Term

Negative

SMA_5 Below SMA_20

Mid Term

Negative

SMA_20 Below SMA_60

Long Term

Negative

SMA_60 Below SMA_200

Short Selling

Close Price

Short Sale Ratio

Short Sale Volume

0 Bullish Signals

When Value satisfies Signal, Indicator signals Bullish

No Data

3 Bearish Signals

When Value satisfies Signal, Indicator signals Bearish

Indicators

Signal

Value

Meaning

Awesome Oscillator (5, 34)

AO_5_34 < 0

-0.0357

Bearish

Momentum (10 days)

MOM_10 < 0

-0.139

Bearish

Moving Average Convergence Divergence (12, 26, 9)

MACD_12_26_9 < 0

-0.0294

Bearish

CAN Price Prediction & Forecast by Similar Chart Analysis

Based on historical patterns and backtesting of stocks with similar movements to Canaan Inc(CAN), our algorithm predicts CAN's 1-month price at $0.78, with an -1.42%downwardshift. Using a similarity score up to 94.61%and other factors, This forecast updates weekly, adjusting for significant deviations.

Similar Chart

The price prediction chart for Canaan Inc (CAN.O) stock, as of Sunday, May 18, 2025 , forecasts a -1.42% change over the next month, based on its high correlation with TXRH.O stock patterns. The similarity between their price movements over the analyzed periods is 94.61%. The right panel lists other stocks with similar price patterns. This prediction is updated every week.

CAN

Future prediction

Up: -1.42%

TXRH

Down: -1.42%Similarity: 94.61%

Name

Similarity

Up/Down

TXRH.O

94.61%

-1.42%

CAN Seasonality Analysis

Based on CAN's historical stock price data across all years, the probability of a positive return in May is16.67%, suggesting it maynotbe an ideal month to invest in CAN. In contrast,Octoberoffers the highest probability of positive returns at80.00%, making it a potentially strong month for investment.

However, this is only a prediction based on one method, and a comprehensive assessment of the stock's future trend should consider additional factors. Our final stock price commentary incorporates three main evaluation dimensions: technical signals, Moving Average trends, and similar chart pattern matching, with the first two dimensions carrying the primary weight to ensure a more robust and accurate forecast.

Monthly Seasonality

The radar chart shows that buying Canaan Inc (CAN.O) stock in October has the highest probability of a positive return (80.00%), while May has the lowest probability (16.67%).

Performance Seasonality

The chart shows Canaan Inc. (CAN)'s annual stock price return for the past three years, helping you analyze price trends and identify recurring trends on an annual basis.