CARS Should I Buy

Not a good buy right now for a beginner long-term investor who wants to act immediately. The technical setup is still weak (bearish MACD, price sitting on support) and the latest quarter shows sharp profit/EPS deterioration despite slightly higher revenue. With no fresh news catalysts and no proprietary buy signals, the risk/reward isn’t attractive for an immediate long-term entry.

CARS is trading at 11.62, sitting right on/just below first support (S1=11.644) and below the pivot (12.032), which keeps the near-term bias bearish unless it reclaims ~12.03. Momentum is soft: MACD histogram is negative (-0.0655) and expanding bearishly, suggesting downside pressure is still building. RSI(6)=34.56 is near oversold but still labeled neutral here—this can support a short-term bounce, but it’s not a confirmed reversal signal. Moving averages are converging, implying indecision/transition, but with bearish momentum dominant. Key levels: downside to S2=11.404 if 11.64 fails; upside resistance at R1=12.42 then R2=12.659. Pattern-based stats suggest a 60% chance of about -1.3% next day, ~+0.46% next week, and ~+4.8% next month—near-term downside risk remains elevated even if the 1-month outlook is modestly positive.