CREDIT ACCEPTANCE CORP (CACC) Technical Analysis
NASDAQ:CACC • US2253101016
Current stock price
CACC Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to CACC. 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.
- 64% of all other stocks performed better in the past year than CACC.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- 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 405.00 - 475.64 range, which is quite wide. It is currently trading near the high of this range.
- CACC is an average performer in the Consumer Finance industry, it outperforms 52% of 54 stocks in the same industry.
- 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.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
CACC Weekly and Daily overview Charts
CACC Setup Rating and Analysis
CACC has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
CACC Support and Resistance Analysis
406.92
When analyzing the support we notice one important area.
- A support zone ranging from 411.03 to 417.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @475.76 from a horizontal line in the daily time frame.
- A resistance zone ranging from 499.82 to 507.29. This zone is formed by a combination of multiple trend lines 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.
CACC Technical Indicator Signal Analysis
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 | 36.86 | 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 | NEGATIVE | The current price of CACC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.35 | NEUTRAL | The RSI value for CACC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 6.36 | POSITIVE | The MACD value suggests CACC has a positive trend. |
| Stochastics (14,3) | 91.63 | OVERBOUGHT | The high Stochastics value suggests CACC may be overbought. |
| Average True Range in percent/ATR (20) | 4.26 | MEDIUM VOLATILITY | The ATR as a percentage value for CACC suggests some volalility. |
| Average Directional Index/ADX (14) | 23.85 | NEUTRAL | The ADX value for CACC suggests a possible start of a new trend. |
CACC Chart- and CandleStick Pattern Analysis
CACC Technicals: Chart, Performance Metrics, Trend & Indicators
475.07
+9.92 (+2.13%)
CREDIT ACCEPTANCE CORP / CACC TA FAQ
Can you provide the ChartMill technical rating for CREDIT ACCEPTANCE CORP?
ChartMill assigns a technical rating of 5 / 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 CREDIT ACCEPTANCE CORP (CACC) stock?
CREDIT ACCEPTANCE CORP (CACC) has an RSI value of 58.3533. This indicates that the stock is currently neutral.
What is the MACD signal for CREDIT ACCEPTANCE CORP (CACC) stock?
The MACD indicator for CREDIT ACCEPTANCE CORP (CACC) has a value of 6.36385, indicating a bullish trend.
What is the short term momentum for CREDIT ACCEPTANCE CORP (CACC) stock?
The short term momentum for CREDIT ACCEPTANCE CORP (CACC) is positive.