CAMDEN NATIONAL CORP (CAC) Stock Technical Analysis
USA - NASDAQ:CAC - US1330341082 - Common Stock
We assign a technical rating of 2 out of 10 to CAC. In the past year, CAC was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is bad, CAC does present a nice setup opportunity. 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 40.74. Right above this resistance zone may be a good entry point.
More info and screens
35.09
2 important support areas can be observed.
- A support zone ranging from 38.09 to 38.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 35.44 to 35.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 40.74 to 41.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 43.35 to 43.98. 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 | DOWN | NEGATIVE | The long term trend for CAC is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CAC is up. |
| ChartMill Relative Strength | 25.69 | NEGATIVE | CAC has a low relative strength, it was outperformed by 74.31% off all stocks 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) | DOWN | MIXED | The current price of CAC is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CAC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.9 | NEUTRAL | The RSI value for CAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests CAC has a positive trend. |
| Stochastics (14,3) | 74.16 | NEUTRAL | The Stochastics value for CAC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.15 | MEDIUM VOLATILITY | The ATR as a percentage value for CAC suggests some volalility. |
| Average Directional Index/ADX (14) | 16.73 | NEGATIVE | The low ADX value for CAC suggests a weak or negative trend. |
39.2
+0.95 (+2.48%)
CAMDEN NATIONAL CORP / CAC FAQ
Can you provide the ChartMill technical rating for CAMDEN NATIONAL CORP?
ChartMill assigns a technical rating of 2 / 10 to CAC.
What is the trend direction for CAC stock?
The current trend direction for CAMDEN NATIONAL CORP (CAC) is Bearish.
What is the RSI signal for CAMDEN NATIONAL CORP (CAC) stock?
CAMDEN NATIONAL CORP (CAC) has an RSI value of 56.9007. 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 0.289301, 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.