CAMDEN NATIONAL CORP (CAC) Stock Technical Analysis
NASDAQ:CAC - Nasdaq - US1330341082 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to CAC. Although CAC is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, we notice that CAC is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
CAC is an average performer in the Banks industry, it outperforms 66% of 398 stocks in the same industry.
CAC is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month CAC has a been trading in the 34.53 - 42.35 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CAC has a bad technical rating, but it does show 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 39.30. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 36.43, a Stop Loss order could be placed below this zone.
More info and screens
35.26
44.31
We found 2 important support areas.
- A support zone ranging from 36.34 to 36.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @35.62 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 39.30 to 39.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 41.68 to 42.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @43.87 from a trend line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.51
Mansfield0.25
10 Day High39.66
10 Day Low34.53
20 Day High42.35
20 Day Low34.53
52 Week High50.07
52 Week Low30.11
Performance
1 Week5%
2 Weeks2.34%
1 Month-5.33%
3 Month-10.3%
6 Month-2.22%
12 Month28.82%
2 Year22.97%
3 Year-12.2%
5 Year19.97%
10 Year53.8%
15 Year64.95%
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)
Technical Indicators
MACD(12,26,9)0.36
RSI(14)52.01
LBB35.54
UBB39.35
39.29
+0.26 (+0.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.67%
1 Week5%
2 Weeks2.34%
1 Month-5.33%
3 Month-10.3%
6 Month-2.22%
12 Month28.82%
2 Year22.97%
3 Year-12.2%
5 Year19.97%
10 Year53.8%
15 Year64.95%
Volatility
ATR(14)1.89
ATR(20)%4.33%
ATR Inc-48.21%
Range Today0.71
ADR(20)1.58
ADR(20)%4.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.51
Mansfield0.25
10 Day High39.66
10 Day Low34.53
20 Day High42.35
20 Day Low34.53
52 Week High50.07
52 Week Low30.11
CS1 End36.43
CR1 Start39.3
Volume & EV
DER(3)-0.06%
DER(5)-1.81%
Volume78.60K
Volume Incr-34.58%
Vol(5)83.98K
Vol(50)95.83K