CARAVELLE INTERNATIONAL GROU (CACO) Technical Analysis
NASDAQ:CACO • KYG1901X1088
Current stock price
CACO Technical Rating and Analysis
Overall CACO gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. CACO was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, CACO is a bad performer in the overall market: 91% of all stocks are doing better.
- CACO is one of the lesser performing stocks in the Marine Transportation industry. 82% of 35 stocks in the same industry do better.
- CACO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- 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.
- In the last month CACO has a been trading in the 0.21 - 0.50 range, which is quite wide. It is currently trading near the high of this range.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
CACO Weekly and Daily overview Charts
CACO Setup Rating and Analysis
CACO has a poor technical rating and the quality of the setup is also only medium 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
CACO Support and Resistance Analysis
0.44
We found 1 important resistance area.
- Resistance @0.49 from a horizontal line in the daily time frame.
CACO 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 | DOWN | NEGATIVE | The long term trend for CACO is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CACO is up. |
| ChartMill Relative Strength | 9.94 | NEGATIVE | CACO has a low relative strength, it was outperformed by 90.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CACO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CACO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CACO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.59 | NEUTRAL | The RSI value for CACO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests CACO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.53 | OVERBOUGHT | The high Stochastics value suggests CACO may be overbought. |
| Average True Range in percent/ATR (20) | 13.87 | HIGH VOLATILITY | The high ATR as a percentage value for CACO suggests high volalility. |
| Average Directional Index/ADX (14) | 14.61 | NEGATIVE | The low ADX value for CACO suggests a weak or negative trend. |
CACO Chart- and CandleStick Pattern Analysis
CACO Technicals: Chart, Performance Metrics, Trend & Indicators
0.4401
-0.02 (-3.78%)
CARAVELLE INTERNATIONAL GROU / CACO TA FAQ
What is the ChartMill technical rating of CARAVELLE INTERNATIONAL GROU (CACO) stock?
ChartMill assigns a technical rating of 3 / 10 to CACO.
Can you provide the trend direction for CARAVELLE INTERNATIONAL GROU?
The current trend direction for CARAVELLE INTERNATIONAL GROU (CACO) is Bearish.
What is the RSI signal for CACO stock?
CARAVELLE INTERNATIONAL GROU (CACO) has an RSI value of 53.5888. This indicates that the stock is currently neutral.
What is the short term momentum for CACO stock?
The short term momentum for CARAVELLE INTERNATIONAL GROU (CACO) is positive.
What is the support and resistance level for CACO stock?
CARAVELLE INTERNATIONAL GROU (CACO) has a resistance level at 0.49. Check the full technical report for our detailed analysis of CACO support and resistance levels.