We assign a technical rating of 2 out of 10 to CACC. Recently some decent action could be observed, but in the medium term time frame this is still negative. CACC was also a bad performer in the overall market in the last year.
CACC has a bad 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 460.91. Right above this resistance zone may be a good entry point.
More info and screens
406.92
When analyzing the support we notice one important area.
- A support zone ranging from 411.03 to 422.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 460.91 to 469.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @486.30 from a trend line in the daily time frame.
- A resistance zone ranging from 502.63 to 507.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 522.62 to 529.80. 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 | DOWN | NEGATIVE | The long term trend for CACC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CACC is neutral. |
| ChartMill Relative Strength | 32.69 | 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 | MIXED | The current price of CACC is below 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) | 52.64 | NEUTRAL | The RSI value for CACC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 4.01 | POSITIVE | The MACD value suggests CACC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.41 | OVERBOUGHT | The high Stochastics value suggests CACC may be overbought. |
| Average True Range in percent/ATR (20) | 3.32 | MEDIUM VOLATILITY | The ATR as a percentage value for CACC suggests some volalility. |
| Average Directional Index/ADX (14) | 13.81 | NEGATIVE | The low ADX value for CACC suggests a weak or negative trend. |
460.62
-0.67 (-0.15%)
CREDIT ACCEPTANCE CORP / CACC FAQ
Can you provide the ChartMill technical rating for CREDIT ACCEPTANCE CORP?
ChartMill assigns a technical rating of 2 / 10 to CACC.
What is the trend direction for 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 52.6425. This indicates that the stock is currently neutral.
What is the short term momentum for CREDIT ACCEPTANCE CORP (CACC) stock?
The short term momentum for CREDIT ACCEPTANCE CORP (CACC) is neutral.