CADENCE BANK (CADE) Stock Technical Analysis
NYSE:CADE - New York Stock Exchange, Inc. - US12740C1036 - Common Stock - Currency: USD
Overall CADE gets a technical rating of 7 out of 10. Although CADE has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
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 CADE has a been trading in the 29.66 - 34.83 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
CADE has an average volume of 1387050 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that CADE is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this relatively good performance is mostly due to a recent big move.
CADE is part of the Banks industry. There are 395 other stocks in this industry, CADE did better than 62% of them.
CADE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CADE 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.
Although CADE has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
26.04
35.03
When analyzing the support we can see 4 important areas.
- A support zone ranging from 29.75 to 31.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.55 from a trend line in the weekly time frame.
- Support @26.93 from a horizontal line in the weekly time frame.
- Support @26.30 from a horizontal line in the weekly time frame.
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 CADE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CADE is up. |
| ChartMill Relative Strength | 80.59 | POSITIVE | CADE has a high relative strength, it outperformed 80.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CADE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CADE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CADE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 75.13 | OVERBOUGHT | The high RSI value suggests CADE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.39 | POSITIVE | The MACD value suggests CADE has a positive trend. |
| Stochastics (14,3) | 95.76 | OVERBOUGHT | The high Stochastics value suggests CADE may be overbought. |
| Average True Range in percent/ATR (20) | 2.15 | MEDIUM VOLATILITY | The ATR as a percentage value for CADE suggests some volalility. |
| Average Directional Index/ADX (14) | 25.6 | POSITIVE | The high ADX value value for CADE suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
34.68
+0.67 (+1.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.97%
1 Week8.48%
2 Weeks14.53%
1 Month14.72%
3 Month31.21%
6 Month0.67%
12 Month24.43%
2 Year38.44%
3 Year32.87%
5 Year344.05%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.78
ATR(20)%2.15%
ATR Inc-2.93%
Range Today0.57
ADR(20)0.67
ADR(20)%1.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.59
Mansfield-0.13
10 Day High34.83
10 Day Low30.01
20 Day High34.83
20 Day Low29.66
52 Week High40.2
52 Week Low25.22
CS1 End31.41
CR1 StartN/A
Volume & EV
DER(3)5.86%
DER(5)5.13%
Volume960.20K
Volume Incr80.7%
Vol(5)2.18M
Vol(50)1.39M