Carbonite Inc. (CARB) Stock Technical Analysis
NASDAQ:CARB - Nasdaq -
We assign a technical rating of 7 out of 10 to CARB. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CARB is only an average performer.
The long and short term trends are both positive. This is looking good!
CARB 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.
CARB has an average volume of 1338570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, CARB did better than 78% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
CARB 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 CARB is lagging the market slightly.
In the last month CARB has a been trading in a tight range between 22.90 and 23.04.
CARB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 22.96, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
17.78
26.53
We found 3 important support areas.
- A support zone ranging from 22.75 to 22.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.89 from a trend line in the weekly time frame.
- Support @17.96 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 26.04 to 26.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 CARB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CARB is up. |
| ChartMill Relative Strength | 78.61 | POSITIVE | CARB has a high relative strength, it outperformed 78.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CARB is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CARB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CARB is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 78.96 | OVERBOUGHT | The high RSI value suggests CARB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests CARB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 74.77 | NEUTRAL | The Stochastics value for CARB is a neutral value. |
| Average True Range in percent/ATR (20) | 0.21 | LOW VOLATILITY | The low ATR as a percentage value for CARB suggests low volalility. |
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 |
|---|---|---|---|
| 23.02 | 22.92 | 0.10 (0.43%) | 25.00% |
| An entry @23.02. This is a Buy Stop order right above the 10 day high. | An exit @22.92. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.10 points, which is 0.43%. | For a 0.11% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
22.98
-0.01 (-0.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.04%
1 Week0.13%
2 Weeks0.17%
1 Month-0.04%
3 Month49.08%
6 Month-11.75%
12 Month-7.04%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%0.21%
ATR Inc-21.73%
Range Today0.03
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.61
Mansfield-0.54
10 Day High23.01
10 Day Low22.93
20 Day High23.04
20 Day Low22.9
52 Week High29.77
52 Week Low11.86
CS1 End22.96
CR1 Start26.04
Volume & EV
DER(3)-2.96%
DER(5)-2.03%
Volume443.80K
Volume Incr74.95%
Vol(5)1.29M
Vol(50)1.34M