CARTER BANKSHARES INC (CARE) Stock Technical Analysis
NASDAQ:CARE - Nasdaq - US1461031064 - Common Stock - Currency: USD
Taking everything into account, CARE scores 7 out of 10 in our technical rating. Although CARE has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month CARE has a been trading in the 15.40 - 16.88 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that CARE is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
CARE is an average performer in the Banks industry, it outperforms 68% of 395 stocks in the same industry.
CARE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CARE is lagging the market.
Besides having an excellent technical rating, CARE also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 16.24, a Stop Loss order could be placed below this zone.
More info and screens
14.19
17.18
When analyzing the support we can see 2 important areas.
- A support zone ranging from 16.10 to 16.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.33 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 16.33 to 17.01. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for CARE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CARE is up. |
| ChartMill Relative Strength | 80.07 | POSITIVE | CARE has a high relative strength, it outperformed 80.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CARE is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CARE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CARE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.07 | NEUTRAL | The RSI value for CARE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests CARE has a negative trend. |
| Stochastics (14,3) | 40.38 | NEUTRAL | The Stochastics value for CARE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.11 | MEDIUM VOLATILITY | The ATR as a percentage value for CARE suggests some volalility. |
| Average Directional Index/ADX (14) | 30.34 | POSITIVE | The high ADX value value for CARE 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)
16.3
+0.06 (+0.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.37%
1 Week-1.57%
2 Weeks-0.06%
1 Month4.62%
3 Month-1.09%
6 Month-7.81%
12 Month29.67%
2 Year10.21%
3 Year23.48%
5 Year101.98%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.32
ATR(20)%2.11%
ATR Inc107.97%
Range Today0.57
ADR(20)0.33
ADR(20)%2.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.07
Mansfield-0.79
10 Day High16.88
10 Day Low16.18
20 Day High16.88
20 Day Low15.4
52 Week High20.4
52 Week Low12.5
CS1 End16.24
CR1 Start16.33
Volume & EV
DER(3)-0.25%
DER(5)-0.84%
Volume117.20K
Volume Incr29.33%
Vol(5)103.62K
Vol(50)78.89K