CAMDEN NATIONAL CORP (CAC) Technical Analysis
NASDAQ:CAC • US1330341082
Overall CAC gets a technical rating of 4 out of 10. CAC has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- CAC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CAC is lagging the market slightly.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- When compared to the yearly performance of all other stocks, CAC outperforms 68% of them, which is more or less in line with the market.
- CAC is an average performer in the Banks industry, it outperforms 56% of 379 stocks in the same industry.
- In the last month CAC has a been trading in the 45.03 - 51.57 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CAC has an average technical rating and also the quality of the setup is only medium 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.
More info and screens
36.08
When analyzing the support we can see 3 important areas.
- A support zone ranging from 46.11 to 46.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @37.31 from a trend line in the weekly time frame.
- Support @36.44 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 50.14 to 50.92. 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 | UP | POSITIVE | The long term trend for CAC is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CAC is down. |
| ChartMill Relative Strength | 68.72 | NEUTRAL | CAC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CAC is below a declining 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) | UP | POSITIVE | The current price of CAC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.23 | NEUTRAL | The RSI value for CAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.46 | NEGATIVE | The MACD value suggests CAC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.46 | NEUTRAL | The Stochastics value for CAC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.27 | MEDIUM VOLATILITY | The ATR as a percentage value for CAC suggests some volalility. |
| Average Directional Index/ADX (14) | 13.53 | NEGATIVE | The low ADX value for CAC suggests a weak or negative trend. |
CAC Technicals: Chart, Performance Metrics, Trend & Indicators
47.25
+0.49 (+1.05%)
CAMDEN NATIONAL CORP / CAC FAQ
Can you provide the ChartMill technical rating for CAMDEN NATIONAL CORP?
ChartMill assigns a technical rating of 4 / 10 to CAC.
Can you provide the trend direction for CAMDEN NATIONAL CORP?
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 45.228. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CAMDEN NATIONAL CORP?
The MACD indicator for CAMDEN NATIONAL CORP (CAC) has a value of -0.464227, indicating a bearish trend.
Can you provide the short term momentum for CAMDEN NATIONAL CORP?
The short term momentum for CAMDEN NATIONAL CORP (CAC) is negative.