CAMDEN NATIONAL CORP (CAC) Stock Technical Analysis
NASDAQ:CAC - Nasdaq - US1330341082 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to CAC. CAC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
In the last month CAC has a been trading in the 38.27 - 41.98 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that CAC is one of the better performing stocks in the market, outperforming 71% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
CAC is an average performer in the Banks industry, it outperforms 46% of 396 stocks in the same industry.
CAC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CAC is lagging the market slightly.
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 39.95. Right above this resistance zone may be a good entry point.
More info and screens
35.98
42.79
We found 2 important support areas.
- Support @37.54 from a trend line in the weekly time frame.
- 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 39.95 to 42.37. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 71.2 | POSITIVE | CAC has a high relative strength, it outperformed 71.2% off all stocks 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) | DOWN | MIXED | The current price of CAC is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CAC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.13 | NEUTRAL | The RSI value for CAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests CAC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.38 | NEUTRAL | The Stochastics value for CAC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.12 | MEDIUM VOLATILITY | The ATR as a percentage value for CAC suggests some volalility. |
| Average Directional Index/ADX (14) | 14.11 | 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)
39.53
+0.92 (+2.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg2.38%
1 Week0.48%
2 Weeks-0.18%
1 Month-1.74%
3 Month-4.68%
6 Month-15.08%
12 Month22.19%
2 Year27.64%
3 Year-10.26%
5 Year14.45%
10 Year53.22%
15 Year115.85%
Volatility
ATR(14)0.85
ATR(20)%2.12%
ATR Inc-8.53%
Range Today0.53
ADR(20)0.74
ADR(20)%1.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.2
Mansfield-0.69
10 Day High40.32
10 Day Low38.28
20 Day High41.98
20 Day Low38.28
52 Week High50.07
52 Week Low30.78
CS1 End37.54
CR1 Start39.95
Volume & EV
DER(3)-3.63%
DER(5)-1.08%
Volume58.60K
Volume Incr-8.65%
Vol(5)49.96K
Vol(50)75.20K