CREDIT ACCEPTANCE CORP (CACC) Stock Technical Analysis
USA - NASDAQ:CACC - US2253101016 - Common Stock
501.39 USD
-0.43 (-0.09%)
501.39 USD
0 (0%)
We assign a technical rating of 6 out of 10 to CACC. 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 one of the lesser performing stocks in the Consumer Finance industry. 68% of 55 stocks in the same industry do better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month CACC has a been trading in the 444.27 - 515.48 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, CACC outperforms 43% of them, which is more or less in line with the market.
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.
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. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 502.71. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 494.57, a Stop Loss order could be placed below this zone.
More info and screens
436.04
549.19
We found 4 important support areas.
- A support zone ranging from 481.77 to 494.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @456.80 from a trend line in the weekly time frame.
- A support zone ranging from 447.50 to 447.50. 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.
3 important resistance areas can be observed.
- A resistance zone ranging from 502.71 to 514.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 523.55 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 | 43.53 | 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) | UP | POSITIVE | The current price of CACC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.86 | NEUTRAL | The RSI value for CACC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.69 | POSITIVE | The MACD value suggests CACC has a positive trend. |
| Stochastics (14,3) | 63.03 | NEUTRAL | The Stochastics value for CACC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.8 | MEDIUM VOLATILITY | The ATR as a percentage value for CACC suggests some volalility. |
| Average Directional Index/ADX (14) | 16.09 | 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 |
|---|---|---|---|
| 514.30 | 481.76 | 32.54 (6.33%) | 15.81% |
| An entry @514.30. This is a Buy Stop order right above the resistance zone. | An exit @481.76. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 32.54 points, which is 6.33%. | For a 1.00% total portfolio risk, you can invest 15.81% 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.
501.39
-0.43 (-0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryConsumer Finance
Performance
% Chg-0.09%
1 Week-0.48%
2 Weeks1.79%
1 Month1.99%
3 Month-3.58%
6 Month3.82%
12 Month6.81%
2 Year24.7%
3 Year7.77%
5 Year68.33%
10 Year165.39%
15 Year753.29%
Volatility
ATR(14)18.86
ATR(20)%3.8%
ATR Inc-5.43%
Range Today14.07
ADR(20)18.12
ADR(20)%3.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS43.53
3 months CRS24.92
6 months CRS35.69
Mansfield-0.76
10 Day High515.48
10 Day Low469.81
20 Day High515.48
20 Day Low444.27
52 Week High560
52 Week Low414.16
CS1 End494.57
CR1 Start502.71
Volume & EV
DER(3)2.12%
DER(5)0.43%
Volume102.53K
Volume Incr-3.46%
Vol(5)126.30K
Vol(50)121.23K