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. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month CADE has a been trading in the 33.25 - 36.65 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that CADE is one of the better performing stocks in the market, outperforming 73% of all stocks.
CADE is part of the Banks industry. There are 393 other stocks in this industry. CADE outperforms 76% of them.
CADE has an average volume of 1714650 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 trading in the upper part of its 52 week range, so CADE is lagging the market slightly.
CADE has an excellent technical rating, but the quality of the setup is 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
26.04
36.79
6 important support areas can be observed.
- A support zone ranging from 32.52 to 33.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @31.92 from a trend line in the daily time frame.
- A support zone ranging from 29.75 to 30.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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.
We found 1 important resistance area.
- A resistance zone ranging from 35.15 to 36.43. 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 | NEUTRAL | NEUTRAL | The short term trend for CADE is neutral. |
| ChartMill Relative Strength | 73.8 | POSITIVE | CADE has a high relative strength, it outperformed 73.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CADE is below a declining 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) | 47.1 | NEUTRAL | The RSI value for CADE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests CADE has a negative trend. |
| Stochastics (14,3) | 38.23 | NEUTRAL | The Stochastics value for CADE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.79 | MEDIUM VOLATILITY | The ATR as a percentage value for CADE suggests some volalility. |
| Average Directional Index/ADX (14) | 28.96 | 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 |
|---|---|---|---|
| 35.41 | 33.24 | 2.16 (6.11%) | 16.35% |
| An entry @35.41. This is a Buy Stop order right above the 10 day moving average. | An exit @33.24. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.16 points, which is 6.11%. | When investing 16.35% 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.
33.94
-0.91 (-2.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-2.61%
1 Week-6.81%
2 Weeks-2.72%
1 Month-2.13%
3 Month12.09%
6 Month-3.58%
12 Month14.2%
2 Year48.34%
3 Year33.2%
5 Year257.26%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.03
ATR(20)%2.79%
ATR Inc15.26%
Range Today1.15
ADR(20)0.9
ADR(20)%2.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.8
Mansfield-0.27
10 Day High36.65
10 Day Low33.25
20 Day High36.65
20 Day Low33.25
52 Week High40.2
52 Week Low25.22
CS1 End33
CR1 Start35.15
Volume & EV
DER(3)2.34%
DER(5)3.42%
Volume2.33M
Volume Incr23.59%
Vol(5)2.60M
Vol(50)1.71M