CAMDEN NATIONAL CORP (CAC) Stock Technical Analysis
NASDAQ:CAC - Nasdaq - US1330341082 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to CAC. CAC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, CAC is a bad performer in the overall market: 73% of all stocks are doing better.
CAC is one of the lesser performing stocks in the Banks industry. 82% of 393 stocks in the same industry do better.
CAC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month CAC has a been trading in the 36.31 - 41.51 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, CAC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
35.98
44.42
We found 1 important support area.
- A support zone ranging from 36.34 to 36.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 38.72 to 40.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 42.33 to 42.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 43.35 to 43.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for CAC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CAC is down. |
| ChartMill Relative Strength | 27.83 | NEGATIVE | CAC has a low relative strength, it was outperformed by 72.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CAC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CAC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CAC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.97 | NEUTRAL | The RSI value for CAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests CAC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.36 | NEUTRAL | The Stochastics value for CAC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.03 | MEDIUM VOLATILITY | The ATR as a percentage value for CAC suggests some volalility. |
| Average Directional Index/ADX (14) | 18.15 | NEGATIVE | The low ADX value for CAC suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
38.71
+0.04 (+0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.1%
1 Week-1.85%
2 Weeks5.59%
1 Month-5.47%
3 Month-1.55%
6 Month-10.16%
12 Month-3.8%
2 Year18.05%
3 Year-14.42%
5 Year18.54%
10 Year45.13%
15 Year90.44%
Volatility
ATR(14)0.81
ATR(20)%3.03%
ATR Inc-51.57%
Range Today0.38
ADR(20)1.1
ADR(20)%2.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.83
Mansfield-1.37
10 Day High39.95
10 Day Low36.83
20 Day High41.51
20 Day Low36.31
52 Week High50.07
52 Week Low34.53
CS1 End36.91
CR1 Start38.72
Volume & EV
DER(3)-0.41%
DER(5)-0.48%
Volume55.50K
Volume Incr-25.17%
Vol(5)59.48K
Vol(50)70.89K