Overall CAC gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CAC is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- 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.
- When comparing the yearly performance of all stocks, we notice that CAC is one of the better performing stocks in the market, outperforming 74% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- CAC is part of the Banks industry. There are 383 other stocks in this industry, CAC did better than 63% of them.
- In the last month CAC has a been trading in the 42.50 - 46.80 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 excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 44.71, a Stop Loss order could be placed below this zone.
More info and screens
35.99
We found 4 important support areas.
- A support zone ranging from 44.24 to 44.71. 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 42.30 to 43.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @38.52 from a horizontal line in the daily time frame.
- A support zone ranging from 36.35 to 36.74. 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 45.36 to 46.48. 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 | UP | POSITIVE | The short term trend for CAC is up. |
| ChartMill Relative Strength | 74.63 | POSITIVE | CAC has a high relative strength, it outperformed 74.63% 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) | 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) | 57.41 | NEUTRAL | The RSI value for CAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests CAC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 48.43 | NEUTRAL | The Stochastics value for CAC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.24 | MEDIUM VOLATILITY | The ATR as a percentage value for CAC suggests some volalility. |
| Average Directional Index/ADX (14) | 20.89 | NEUTRAL | The ADX value for CAC suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 46.49 | 44.23 | 2.26 (4.86%) | 20.57% |
| An entry @46.49. This is a Buy Stop order right above the resistance zone. | An exit @44.23. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.26 points, which is 4.86%. | For a 1.00% total portfolio risk, you can invest 20.57% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
44.93
+0.81 (+1.84%)
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.
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 57.4097. 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 -0.165448, 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 positive.