CREDIT ACCEPTANCE CORP (CACC) Stock Technical Analysis
NASDAQ:CACC • US2253101016
Overall CACC gets a technical rating of 6 out of 10. CACC has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- CACC is part of the Consumer Finance industry. There are 54 other stocks in this industry. CACC outperforms 79% of them.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- 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 49% 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.
- In the last month CACC has a been trading in the 431.70 - 517.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
CACC has only a medium 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 495.85. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 479.74, a Stop Loss order could be placed below this zone.
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413.16
We found 5 important support areas.
- A support zone ranging from 471.27 to 479.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @455.91 from a trend line in the weekly time frame.
- Support @441.89 from a trend line in the daily time frame.
- Support @433.42 from a horizontal line in the daily time frame.
- A support zone ranging from 417.33 to 422.34. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 495.85 to 508.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 521.71 to 530.58. 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 | NEUTRAL | NEUTRAL | The long term trend for CACC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CACC is neutral. |
| ChartMill Relative Strength | 49.02 | NEUTRAL | CACC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CACC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CACC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CACC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.18 | NEUTRAL | The RSI value for CACC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.41 | NEGATIVE | The MACD value suggests CACC has a negative trend. |
| Stochastics (14,3) | 45.3 | NEUTRAL | The Stochastics value for CACC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.78 | MEDIUM VOLATILITY | The ATR as a percentage value for CACC suggests some volalility. |
| Average Directional Index/ADX (14) | 14.67 | NEGATIVE | The low ADX value for CACC suggests a weak or negative 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 |
|---|---|---|---|
| 508.36 | 471.26 | 37.10 (7.30%) | 13.70% |
| An entry @508.36. This is a Buy Stop order right above the resistance zone. | An exit @471.26. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 37.10 points, which is 7.30%. | When investing 13.70% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
489.89
-5.45 (-1.1%)
CREDIT ACCEPTANCE CORP / CACC FAQ
Can you provide the ChartMill technical rating for CREDIT ACCEPTANCE CORP?
ChartMill assigns a technical rating of 6 / 10 to CACC.
What is the current trend direction of CREDIT ACCEPTANCE CORP (CACC) stock?
The current trend direction for CREDIT ACCEPTANCE CORP (CACC) is Bearish.
What is the RSI signal for CACC stock?
CREDIT ACCEPTANCE CORP (CACC) has an RSI value of 52.176. This indicates that the stock is currently neutral.
What is the short term momentum for CACC stock?
The short term momentum for CREDIT ACCEPTANCE CORP (CACC) is neutral.