CREDIT ACCEPTANCE CORP (CACC) Stock Technical Analysis
USA - NASDAQ:CACC - US2253101016 - Common Stock
507.29 USD
+3.02 (+0.6%)
507.29 USD
0 (0%)
We assign a technical rating of 5 out of 10 to CACC. In the last year, CACC was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
CACC is one of the lesser performing stocks in the Consumer Finance industry. 66% of 54 stocks in the same industry do better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month CACC has a been trading in the 473.31 - 530.89 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When comparing the performance of all stocks over the past year, CACC turns out to be only a medium performer in the overall market: it outperformed 52% of all stocks.
CACC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CACC is lagging the market.
Although the technical rating is only medium, CACC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 519.16. Right above this resistance zone may be a good entry point.
More info and screens
424.11
549.19
When analyzing the support we can see 4 important areas.
- Support @479.08 from a trend line in the daily time frame.
- A support zone ranging from 447.50 to 452.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 440.44 to 440.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @428.39 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 519.16 to 530.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @543.75 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 | NEUTRAL | NEUTRAL | The long term trend for CACC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CACC is up. |
| ChartMill Relative Strength | 52.69 | NEUTRAL | CACC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CACC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CACC is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CACC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.68 | NEUTRAL | The RSI value for CACC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.52 | NEGATIVE | The MACD value suggests CACC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 55.56 | NEUTRAL | The Stochastics value for CACC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.4 | MEDIUM VOLATILITY | The ATR as a percentage value for CACC suggests some volalility. |
| Average Directional Index/ADX (14) | 20.83 | NEUTRAL | The ADX value for CACC suggests a possible start of a new 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)
507.29
+3.02 (+0.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryConsumer Finance
Performance
% Chg0.6%
1 Week6.92%
2 Weeks-2.93%
1 Month5.19%
3 Month1%
6 Month2.38%
12 Month11.85%
2 Year10.25%
3 Year15.82%
5 Year49.8%
10 Year157.68%
15 Year737.67%
Volatility
ATR(14)17.37
ATR(20)%3.4%
ATR Inc-27.11%
Range Today7.37
ADR(20)16.81
ADR(20)%3.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS52.69
Mansfield-0.63
10 Day High526.4
10 Day Low473.32
20 Day High530.9
20 Day Low473.32
52 Week High560
52 Week Low414.16
CS1 End479.08
CR1 Start519.16
Volume & EV
DER(3)-0.9%
DER(5)0.49%
Volume214.80K
Volume Incr11.82%
Vol(5)128.52K
Vol(50)110.98K