Overall CAC gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, CAC is a bad performer.
Although CAC has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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35.90
When analyzing the support we can see 3 important areas.
- A support zone ranging from 39.47 to 39.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 38.16 to 38.66. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 36.26 to 36.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @42.88 from a horizontal line in the daily time frame.
- Resistance @43.98 from a horizontal line in the daily time frame.
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 | UP | POSITIVE | The long term trend for CAC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CAC is up. |
| ChartMill Relative Strength | 37.99 | NEUTRAL | CAC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CAC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CAC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CAC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 68.23 | NEUTRAL | The RSI value for CAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.33 | POSITIVE | The MACD value suggests CAC has a positive trend. |
| Stochastics (14,3) | 89.07 | OVERBOUGHT | The high Stochastics value suggests CAC may be overbought. |
| Average True Range in percent/ATR (20) | 2.5 | MEDIUM VOLATILITY | The ATR as a percentage value for CAC suggests some volalility. |
| Average Directional Index/ADX (14) | 33.81 | POSITIVE | The high ADX value value for CAC suggests a strong trend. |
42.64
-0.23 (-0.54%)
CAMDEN NATIONAL CORP / CAC FAQ
Can you provide the ChartMill technical rating for CAMDEN NATIONAL CORP?
ChartMill assigns a technical rating of 7 / 10 to CAC.
What is the trend direction for CAC stock?
The current trend direction for CAMDEN NATIONAL CORP (CAC) is Bullish.
What is the RSI signal for CAMDEN NATIONAL CORP (CAC) stock?
CAMDEN NATIONAL CORP (CAC) has an RSI value of 68.2336. This indicates that the stock is currently neutral.
What is the MACD signal for CAMDEN NATIONAL CORP (CAC) stock?
The MACD indicator for CAMDEN NATIONAL CORP (CAC) has a value of 0.331549, indicating a bearish trend.
What is the short term momentum for CAMDEN NATIONAL CORP (CAC) stock?
The short term momentum for CAMDEN NATIONAL CORP (CAC) is positive.