CADENCE BANK (CADE) Stock Technical Analysis
NYSE:CADE - New York Stock Exchange, Inc. - US12740C1036 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to CADE. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CADE is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, CADE did better than 76% of all other stocks.
CADE is one of the better performing stocks in the Banks industry, it outperforms 78% of 393 stocks in the same industry.
CADE has an average volume of 1683960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
In the last month CADE has a been trading in the 33.37 - 36.65 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, CADE also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. We notice that large players showed an interest for CADE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
26.04
36.73
We found 7 important support areas.
- Support @33.99 from a horizontal line in the daily time frame.
- A support zone ranging from 32.52 to 32.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @31.78 from a trend line in the daily time frame.
- Support @30.00 from a horizontal line in the weekly time frame.
- Support @27.89 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 35.51 to 36.37. This zone is formed by a combination of multiple trend lines and important moving averages in the daily 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 | UP | POSITIVE | The long term trend for CADE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CADE is up. |
| ChartMill Relative Strength | 76.71 | POSITIVE | CADE has a high relative strength, it outperformed 76.71% 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) | 56.36 | NEUTRAL | The RSI value for CADE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests CADE has a negative trend. |
| Stochastics (14,3) | 70.41 | NEUTRAL | The Stochastics value for CADE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.59 | MEDIUM VOLATILITY | The ATR as a percentage value for CADE suggests some volalility. |
| Average Directional Index/ADX (14) | 31.67 | 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)
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 |
|---|---|---|---|
| 36.38 | 34.07 | 2.31 (6.35%) | 15.75% |
| An entry @36.38. This is a Buy Stop order right above the resistance zone. | An exit @34.07. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.31 points, which is 6.35%. | When investing 15.75% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
35.25
-0.49 (-1.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.37%
1 Week-1.87%
2 Weeks2.65%
1 Month5.41%
3 Month16.41%
6 Month0.14%
12 Month18.61%
2 Year40.72%
3 Year35.06%
5 Year351.34%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.95
ATR(20)%2.59%
ATR Inc8.01%
Range Today0.9
ADR(20)0.88
ADR(20)%2.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.71
Mansfield-0.1
10 Day High36.65
10 Day Low34.08
20 Day High36.65
20 Day Low33.37
52 Week High40.2
52 Week Low25.22
CS1 End33.99
CR1 Start35.51
Volume & EV
DER(3)2.15%
DER(5)3.3%
Volume2.34M
Volume Incr71.06%
Vol(5)3.18M
Vol(50)1.68M