Canaan inc CAN.US Swing Trading Analysis

US StockTechnology
(No presentation for CAN)

CAN Swing Trading Score

3

24

15

Weakening Action
  • AI analysis rates CAN with  a lower swing trading score of 2.
  • It is mainly due to  the negative AI swing signal,along with  the relatively high short-term volatility.
  • Furthermore, based on the current swing trading score, the probability of future bullish swings occurring or continuing appears to be low.

CAN Historical Swing Trading Score

You can use historical scores of 3 or above to observe potential performance and make investment decisions.

CAN Swing Trading Strategy Backtest

The following backtest is based on specified rules since 2007. Price chart shows buy/sell time, cumulative returns, and backtesting statistics.

Entry
Exit

The Backtest Result of CAN from 2019/11 till Now

-48.55%
Cumulative Return
-11.51%
Annual Return
84.89%
Volatility
-0.14
Sharpe Ratio

Statistics data for entering at or above a Swing Trading score of 4 and exiting at or below a Swing Trading score of 2 from November, 2019 to May, 2025. (Total Trades: 50)

CANSectorUS Overall Market
Wining Rate32%43%43%
Avg Return4.6%4.5%2.3%
Avg Profit40.4%21.7%14.5%
Avg Loss-12.2%-8.4%-7.3%
Avg Risk-Reward Ratio331.7%257.2%200.5%

Update to 2025/5/19 (Daily Update)

Top 10 High Relevance to CAN Swing Trading Score