CREDIT ACCEPTANCE CORP (CACC) Stock Technical Analysis
NASDAQ:CACC - Nasdaq - US2253101016 - Common Stock - Currency: USD
Taking everything into account, CACC scores 6 out of 10 in our technical rating. In the last year, CACC was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
79% of all other stocks performed better in the past year than CACC.
CACC is part of the Consumer Finance industry. There are 52 other stocks in this industry, of which 86% are performing better than CACC.
The long and short term trends are both positive. This is looking good!
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 484.68 - 549.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CACC has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 501.39, a Stop Loss order could be placed below this zone.
More info and screens
421.72
588.26
When analyzing the support we can see 5 important areas.
- A support zone ranging from 497.70 to 501.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @489.51 from a trend line in the weekly time frame.
- A support zone ranging from 456.09 to 471.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 440.44 to 443.31. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @425.98 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 524.05 to 529.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @543.75 from a horizontal line in the daily time frame.
- Resistance @582.44 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for CACC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CACC is up. |
| ChartMill Relative Strength | 21.28 | NEGATIVE | CACC has a low relative strength, it was outperformed by 78.72% off all stocks 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) | UP | POSITIVE | The current price of CACC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.63 | NEUTRAL | The RSI value for CACC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests CACC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 56.85 | NEUTRAL | The Stochastics value for CACC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.91 | MEDIUM VOLATILITY | The ATR as a percentage value for CACC suggests some volalility. |
| Average Directional Index/ADX (14) | 11.04 | NEGATIVE | The low ADX value for CACC 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)
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 |
|---|---|---|---|
| 529.81 | 498.82 | 30.99 (5.85%) | 17.09% |
| An entry @529.81. This is a Buy Stop order right above the resistance zone. | An exit @498.81. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 30.99 points, which is 5.85%. | When investing 17.09% 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.
515.24
-15.22 (-2.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryConsumer Finance
Performance
% Chg-2.87%
1 Week-2.89%
2 Weeks1.29%
1 Month0.41%
3 Month4.47%
6 Month16.98%
12 Month-10.67%
2 Year-7.43%
3 Year-10.53%
5 Year10.11%
10 Year114.5%
15 Year820.4%
Volatility
ATR(14)15.72
ATR(20)%2.91%
ATR Inc2.87%
Range Today13.74
ADR(20)14.35
ADR(20)%2.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.28
Mansfield-0.13
10 Day High549.75
10 Day Low498.83
20 Day High549.75
20 Day Low484.68
52 Week High614.96
52 Week Low409.22
CS1 End501.39
CR1 Start524.05
Volume & EV
DER(3)-1.29%
DER(5)-0.06%
Volume204.20K
Volume Incr-35.1%
Vol(5)156.76K
Vol(50)184.90K