CARTER BANKSHARES INC (CARE) Technical Analysis
NASDAQ:CARE • US1461031064
Current stock price
19.8 USD
-0.05 (-0.25%)
At close:
19.8 USD
0 (0%)
After Hours:
CARE Technical Rating and Analysis
Taking everything into account, CARE scores 2 out of 10 in our technical rating. CARE has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- In the last month CARE has a been trading in the 19.41 - 22.08 range, which is quite wide. It is currently trading near the lows of this range.
- CARE is part of the Banks industry. There are 381 other stocks in this industry. CARE outperforms 72% of them.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When comparing the yearly performance of all stocks, we notice that CARE is one of the better performing stocks in the market, outperforming 74% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- CARE 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 CARE is lagging the market slightly.
CARE Weekly and Daily overview Charts
CARE Setup Rating and Analysis
Although the technical rating is bad, CARE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
CARE Support and Resistance Analysis
15.66
22.33
We found 4 important support areas.
- Support @19.30 from a trend line in the weekly time frame.
- Support @17.75 from a trend line in the daily time frame.
- A support zone ranging from 16.94 to 17.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.82 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 20.39 to 20.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 22.11 to 22.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
CARE Technical Indicator Signal Analysis
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 CARE is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CARE is down. |
| ChartMill Relative Strength | 74.74 | POSITIVE | CARE has a high relative strength, it outperformed 74.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CARE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CARE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CARE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 35.84 | NEUTRAL | The RSI value for CARE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests CARE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.45 | OVERSOLD | The low Stochastics value suggests CARE may be oversold. |
| Average True Range in percent/ATR (20) | 3.22 | MEDIUM VOLATILITY | The ATR as a percentage value for CARE suggests some volalility. |
| Average Directional Index/ADX (14) | 20.42 | NEUTRAL | The ADX value for CARE suggests a possible start of a new trend. |
CARE Chart- and CandleStick Pattern Analysis
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)
CARE Technicals: Chart, Performance Metrics, Trend & Indicators
19.8
-0.05 (-0.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.25%
1 Week-0.75%
2 Weeks-3.7%
1 Month-9.59%
3 Month-1.2%
6 Month0.15%
12 Month20.15%
2 Year56.65%
3 Year41.43%
5 Year41.83%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.6
ATR(20)%3.22%
ATR Inc-29.94%
Range Today0.31
ADR(20)0.61
ADR(20)%3.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.74
3 months CRS60.65
6 months CRS63.81
Mansfield0.66
10 Day High21.15
10 Day Low19.41
20 Day High22.08
20 Day Low19.41
52 Week High22.51
52 Week Low13.61
CS1 End19.3
CR1 Start20.39
Volume & EV
DER(3)0.51%
DER(5)-3.29%
Volume341.20K
Volume Incr1.61%
Vol(5)188.12K
Vol(50)165.19K
CARTER BANKSHARES INC / CARE TA FAQ
What is the technical rating for CARE stock?
ChartMill assigns a technical rating of 2 / 10 to CARE.
Can you provide the trend direction for CARTER BANKSHARES INC?
The current trend direction for CARTER BANKSHARES INC (CARE) is Bearish.
What is the RSI signal for CARTER BANKSHARES INC (CARE) stock?
CARTER BANKSHARES INC (CARE) has an RSI value of 35.8366. This indicates that the stock is currently neutral.
What is the MACD signal for CARTER BANKSHARES INC (CARE) stock?
The MACD indicator for CARTER BANKSHARES INC (CARE) has a value of -0.101001, indicating a bearish trend.
What is the short term momentum for CARTER BANKSHARES INC (CARE) stock?
The short term momentum for CARTER BANKSHARES INC (CARE) is negative.