CREDIT ACCEPTANCE CORP (CACC) Technical Analysis
NASDAQ:CACC • US2253101016
Current stock price
CACC Technical Rating and Analysis
Taking everything into account, CACC scores 8 out of 10 in our technical rating. Although CACC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- CACC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CACC is lagging the market slightly.
- CACC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
- When comparing the performance of all stocks over the past year, CACC turns out to be only a medium performer in the overall market: it outperformed 49% of all stocks.
- CACC is part of the Consumer Finance industry. There are 54 other stocks in this industry, CACC did better than 64% of them.
CACC Weekly and Daily overview Charts
CACC Setup Rating and Analysis
CACC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 514.10, a Stop Loss order could be placed below this zone.
More info and screens
CACC Support and Resistance Analysis
412.30
When analyzing the support we can see 3 important areas.
- A support zone ranging from 507.29 to 514.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 475.76 to 484.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 416.46 to 417.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 517.41 to 533.48. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 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 | 49.15 | 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) | 61.42 | NEUTRAL | The RSI value for CACC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.41 | POSITIVE | The MACD value suggests CACC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.59 | NEUTRAL | The Stochastics value for CACC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.72 | MEDIUM VOLATILITY | The ATR as a percentage value for CACC suggests some volalility. |
| Average Directional Index/ADX (14) | 28.57 | POSITIVE | The high ADX value value for CACC suggests a strong trend. |
CACC Chart- and CandleStick Pattern Analysis
CACC Example Setup
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 |
|---|---|---|---|
| 533.49 | 507.28 | 26.21 (4.91%) | 20.35% |
| An entry @533.49. This is a Buy Stop order right above the resistance zone. | An exit @507.28. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 26.21 points, which is 4.91%. | For a 1.00% total portfolio risk, you can invest 20.35% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CACC. Please evaluate whether better entry and exit points can be found.
- 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.
CACC Technicals: Chart, Performance Metrics, Trend & Indicators
516.79
+1.55 (+0.3%)
CREDIT ACCEPTANCE CORP / CACC TA FAQ
Can you provide the ChartMill technical rating for CREDIT ACCEPTANCE CORP?
ChartMill assigns a technical rating of 8 / 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 Bullish.
What is the RSI signal for CREDIT ACCEPTANCE CORP (CACC) stock?
CREDIT ACCEPTANCE CORP (CACC) has an RSI value of 61.42. 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 3.41483, 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.