CADENCE BANK (CADE) Stock Technical Analysis
USA - NYSE:CADE - US12740C1036 - Common Stock
36.81 USD
-0.89 (-2.36%)
36.81 USD
0 (0%)
We assign a technical rating of 8 out of 10 to CADE. Although CADE 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.
CADE is part of the Banks industry. There are 392 other stocks in this industry. CADE outperforms 78% of them.
CADE 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 CADE is lagging the market slightly.
CADE 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.
CADE has an average volume of 1885120 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 77% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
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
37.86
6 important support areas can be observed.
- A support zone ranging from 35.59 to 35.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @35.02 from a trend line in the weekly time frame.
- A support zone ranging from 33.93 to 34.00. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @28.49 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 36.94 to 37.49. 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 | 77.45 | POSITIVE | CADE has a high relative strength, it outperformed 77.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CADE is below 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) | DOWN | MIXED | The current price of CADE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.38 | NEUTRAL | The RSI value for CADE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests CADE has a negative trend. |
| Stochastics (14,3) | 41.64 | NEUTRAL | The Stochastics value for CADE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.98 | LOW VOLATILITY | The low ATR as a percentage value for CADE suggests low volalility. |
| Average Directional Index/ADX (14) | 26.52 | 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)
36.81
-0.89 (-2.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-2.36%
1 Week-2.82%
2 Weeks-2.21%
1 Month4.07%
3 Month21.57%
6 Month21.41%
12 Month15.07%
2 Year73.47%
3 Year44.86%
5 Year328.52%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.7
ATR(20)%1.98%
ATR Inc29.63%
Range Today1
ADR(20)0.72
ADR(20)%1.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.45
Mansfield-0.07
10 Day High38.47
10 Day Low36.65
20 Day High38.47
20 Day Low35.01
52 Week High40.2
52 Week Low25.22
CS1 End35.93
CR1 Start36.94
Volume & EV
DER(3)6.26%
DER(5)4.07%
Volume1.91M
Volume Incr12.14%
Vol(5)1.87M
Vol(50)1.89M