By Mill Chart
Last update: Nov 24, 2022
CADENCE BANK (NYSE:CADE) was identified as a Technical Breakout Setup Pattern by our stockscreener. Such a pattern occurs when we see a pause in a strong uptrend: after a strong rise the stock is consolidating a bit and at some point the trend may be continued. Whether this actually happens can not be predicted of course, but it may be a good idea to keep and eye on NYSE:CADE.
Every day ChartMill assigns a Technical Rating to every stock. The score ranges from 0 to 10 and is determined by evaluating multiple technical indicators and properties.
Taking everything into account, CADE scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CADE is only an average performer.
ChartMill also assign a Setup Rating to every stock. With this score it is determined to what extend the stock has been trading in a range in the recent days and weeks. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. NYSE:CADE scores a 9 out of 10:
CADE has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 28.86. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.68, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CADE in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
For a potential trade one would typically wait until the stock breaks out of the consolidation zone to enter the stock and it could be sold again for a loss when it would fall back below the zone.
This article should in no way be interpreted as trading advice. You should always make your own analysis and trade or not trade based on your own observations and style. The article is based purely on some technical observations.
Our Breakout analyzer lists more breakout setups and is updated daily.
CADENCE BANK
NYSE:CADE (4/19/2024, 7:04:00 PM)
After market: 27.17 0 (0%)27.17
+0.8 (+3.03%)
/PRNewswire/ -- Cadence Bank (NYSE: CADE) today announced changes to its organizational structure, as well as new and increased responsibilities for several...
/PRNewswire/ -- Cadence Bank (NYSE: CADE) will release its first quarter 2024 earnings on Monday, April 22, 2024, after the close of the financial markets. It...
/PRNewswire/ -- Cadence Bank (NYSE: CADE) (the Company), today announced financial results for the quarter and year ended December 31, 2023. Given the sale of...
/PRNewswire/ -- At its meeting today, the board of directors of Cadence Bank (NYSE: CADE) (Cadence) declared a quarterly cash dividend of $0.25 per share of...
/PRNewswire/ -- In the spirit of holiday giving, Cadence Bank (NYSE: CADE), through the Cadence Bank Foundation, proudly donated a total of $150,000 to 10...
/PRNewswire/ --Cadence Bank (NYSE: CADE) will release its fourth-quarter 2023 earnings on Monday, January 29, 2024, after the close of the financial markets....
Cadence Bank (CADE) announces a new share repurchase program, allowing the company to buy up to 10M shares of its stock before December 31, 2024.