CAN· Information Technology› Computer Hardware

Canaan Inc.

Stage 1 · Basing · week 6

As of Oct 22, 2026, Canaan is in Stage 1, the basing phase, now in week 6 (since Sep 14, 2026). It closed at $0.22, 88.5% below its 52-week high and below its 200-day average, which is falling.

Canaan Inc. engages in the research and development, design, and sale of integrated circuits, and bitcoin mining equipment and related components. More about the company

$0.22

-5.65% today

$159M · Micro cap

Market Neutral — Building

Pro read

Pro

Our read

Basing, not in an uptrend yet

Setup score

—

Momentum

Steady

Edge

—

Is CAN early, or has it already run? Pro answers that for every US stock we cover, after every close.

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Stage Cycle Timeline2023-08-16 → 2026-10-22

S4 15w

S4 19w

S2 13w

S4 15w

S1 14w

S4 16w

S4 15w

2023-08-162026-10-22

S1S2S3S4Setup score (0–10, dashed line at 5)

S1 4w → S4 15w → S1 6w → S4 2w → S1 2w → S4 19w → S1 4w → S4 10w → S1 4w → S2 13w → S3 6w → S4 15w → S1 14w → S2 8w → S3 5w → S4 16w → S1 2w → S4 15w → S1 6w current

Total tracked: 164 weeks across 19 stage runs.

CAN among Computer Hardware39th of 44 by relative strength

All 44 →

Stocks in Computer Hardware ranked by relative strength, with stage and one-month change
#	Stock	Stage	RS	1M
1	WDCWestern Digital Corporation	Stage 3 · wk 10	98	−25.2%
2	DELLDell Technologies Inc. Class C	Stage 2 · wk 30	98	−17.5%
3	STXSeagate Technology Holdings PLC	Stage 3 · wk 1	98	−30.4%
4	QMCOQuantum Corporation	Stage 2 · wk 20	91	−34.6%
5	CRSRCorsair Gaming, Inc.	Stage 2 · wk 21	91	+0.9%
6	PEverpure, Inc. Class A	Stage 2 · wk 10	78	+10.5%
7	CRCTCricut, Inc. Class A	Stage 2 · wk 11	77	+8.8%
8	UMACUnusual Machines, Inc.	Stage 3 · wk 1	77	−28.3%
…39	CANCanaan Inc.	Stage 1 · wk 6	8	−43.8%

vs 52W High

-88.5%

$0.17 lo$1.89 hi

88.5% below 52W high

Stock is basing below old highs. A volume-backed breakout to new highs would be the Stage 2 signal to watch.

Stage Maturity

Week 6

1w13w26w

Week 6, early base

How long this stock has been basing. Longer bases can produce stronger breakouts, but the breakout itself is the signal.

vs 200 DMA

-48.2%

200 DMA: $0.42 · sloping down

Stock is testing its 200 DMA as part of the base. Reclaiming and holding above it is a key Stage 2 prerequisite.

Rel Volume

0.39x

vs 50-day avg

Volume in Stage 1 basing is typically quiet. A surge in volume on an upside breakout is the signal to watch.

Trend Health

↓

Short-term trend rolling over

Two reads of momentum. The arrow shows the direction of the short-term trend: rising (↑ or ↗), flat (→) or rolling over (↓). The ⇈ mark appears when our trend model reads the move as gaining speed on top of the longer trend. Strongest when both agree.

-43.8%

-8.4%

-56.9%

YTD

-71.8%

-88.9%

Scan Membership

Breakout Watch

Latest: 2024-11-21

2 appearances in last 60 days. First seen: 2020-12-14.

A stock that keeps qualifying week after week does so because its Stage 2 structure keeps holding. Staying power in the scan says more about the trend than any single appearance.

Recent Stage Timeline

2026-10-22S1

Wk 6 · Vol 0.39x

2026-10-21S1

Wk 6 · Vol 0.56x

2026-10-20S1

Wk 6 · Vol 0.38x

2026-10-19S1

Wk 6 · Vol 0.49x

2026-10-16S1

Wk 5 · Vol 0.55x

2026-10-15S1

Wk 5 · Vol 0.58x

2026-10-14S1

Wk 5 · Vol 0.50x

2026-10-13S1

Wk 5 · Vol 0.27x

2026-10-12S1

Wk 5 · Vol 0.35x

2026-10-09S1

Wk 4 · Vol 0.45x

2026-10-08S1

Wk 4 · Vol 0.52x

2026-10-07S1

Wk 4 · Vol 0.36x

Moving averages & range

50 DMA

$0.32

200 DMA

$0.42

52W High

$1.89

52W Low

$0.17

5D Low

$0.22

Resistance levels (recent highs)

20d High

$0.38

60d High

$0.44

120d High

$0.55

250d High

$1.89

Next resistance

+73.7%

to 20d High

ROE

-97.1%

Profit margin -67.8%

Dividend Yield

0.00%

P/B 0.6

Canaan: quick answers

What stage is Canaan in?

As of Oct 22, 2026, Canaan (CAN) is in Stage 1, the basing phase. It entered Stage 1 on Sep 14, 2026 and is in week 6. What the four stages mean

Is Canaan in an uptrend?

Not yet. Canaan is in Stage 1, a base that can come before an uptrend. It trades 48.2% below its 200-day average, which is falling.

How far is Canaan from its 52-week high?

Canaan closed at $0.22 on Oct 22, 2026, 88.5% below its 52-week high of $1.89. Its 52-week low is $0.17.

How has Canaan performed over the past year?

As of Oct 22, 2026, Canaan is down 88.9% over the past year and down 71.8% so far in 2026.

Which sector and industry is Canaan in?

Canaan is in the Computer Hardware industry, part of the Information Technology sector.

About this companyInformation Technology· Computer Hardware

Canaan Inc. engages in the research and development, design, and sale of integrated circuits, and bitcoin mining equipment and related components. The company is involved in the assembly and distribution of mining equipment and spare parts; and mining business. It has operations in the United States, Mainland China, the United Arab Emirates, Ethiopia, Hong Kong Special Administrative Region, Malaysia, Kazakhstan, Canada, Netherlands, Singapore, Ireland, Georgia, Brazil, and internationally. Canaan Inc. was founded in 2013 and is headquartered in Singapore.

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All analytics based on EOD data. Data as of 2026-10-22. Past data patterns are not indicative of future results. This page is a data analytics tool only.