CARTER BANKSHARES INC (CARE) Stock Technical Analysis
USA - NASDAQ:CARE - US1461031064 - Common Stock
We assign a technical rating of 0 out of 10 to CARE. CARE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, CARE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 17.07, a Stop Loss order could be placed below this zone.
More info and screens
15.23
We found 2 important support areas.
- A support zone ranging from 16.94 to 17.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.38 from a trend line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 17.30 to 17.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 18.54 to 18.73. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @19.58 from a horizontal line in the daily time frame.
- Resistance @20.15 from a horizontal line 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 | DOWN | NEGATIVE | The long term trend for CARE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CARE is down. |
| ChartMill Relative Strength | 28.7 | NEGATIVE | CARE has a low relative strength, it was outperformed by 71.3% 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) | DOWN | NEGATIVE | The current price of CARE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.35 | NEUTRAL | The RSI value for CARE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests CARE has a positive trend. |
| Stochastics (14,3) | 24.44 | NEUTRAL | The Stochastics value for CARE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.47 | MEDIUM VOLATILITY | The ATR as a percentage value for CARE suggests some volalility. |
| Average Directional Index/ADX (14) | 24.68 | NEUTRAL | The ADX value for CARE suggests a possible start of a new trend. |
17.08
+0.03 (+0.18%)
CARTER BANKSHARES INC / CARE FAQ
What is the technical rating for CARE stock?
ChartMill assigns a technical rating of 0 / 10 to CARE.
What is the trend direction for CARE stock?
The current trend direction for CARTER BANKSHARES INC (CARE) is Bearish.
Can you provide the RSI signal for CARTER BANKSHARES INC?
CARTER BANKSHARES INC (CARE) has an RSI value of 38.3498. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CARTER BANKSHARES INC?
The MACD indicator for CARTER BANKSHARES INC (CARE) has a value of 0.0204075, indicating a bearish trend.
What is the short term momentum for CARE stock?
The short term momentum for CARTER BANKSHARES INC (CARE) is negative.