We assign a technical rating of 1 out of 10 to CACC. CACC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, CACC does present a nice setup opportunity. Prices have been consolidating lately. We notice that large players showed an interest for CACC in the last couple of days, which is a good sign.
406.92
When analyzing the support we notice one important area.
When analyzing the resistance we notice 4 important areas.
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 | 27.3 | NEGATIVE | CACC has a low relative strength, it was outperformed by 72.7% 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) | DOWN | NEGATIVE | The current price of CACC is below a declining 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) | 47.98 | NEUTRAL | The RSI value for CACC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.42 | POSITIVE | The MACD value suggests CACC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 52.12 | NEUTRAL | The Stochastics value for CACC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.39 | MEDIUM VOLATILITY | The ATR as a percentage value for CACC suggests some volalility. |
| Average Directional Index/ADX (14) | 15 | NEGATIVE | The low ADX value for CACC suggests a weak or negative trend. |
454.87
-9.17 (-1.98%)
ChartMill assigns a technical rating of 1 / 10 to CACC.
The current trend direction for CREDIT ACCEPTANCE CORP (CACC) is Bearish.
CREDIT ACCEPTANCE CORP (CACC) has an RSI value of 47.9847. This indicates that the stock is currently neutral.
The short term momentum for CREDIT ACCEPTANCE CORP (CACC) is neutral.