CARTER BANKSHARES INC (CARE) Technical Analysis
NASDAQ:CARE • US1461031064
Current stock price
CARE Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to CARE. Both in the recent history as in the last year, CARE has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, CARE did better than 89% of all other stocks. We also observe that the gains produced by CARE over the past year are nicely spread over this period.
- CARE is part of the Banks industry. There are 380 other stocks in this industry. CARE outperforms 98% of them.
- A new 52 week high is currently being made by CARE, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so CARE is leading the market.
- In the last month CARE has a been trading in the 19.41 - 23.71 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days.
CARE Weekly and Daily overview Charts
CARE Setup Rating and Analysis
Although CARE has an excellent technical rating, it does not offer a high quality setup 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
CARE Support and Resistance Analysis
15.78
When analyzing the support we can see 4 important areas.
- A support zone ranging from 21.14 to 21.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 19.43 to 20.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @16.94 from a horizontal line in the weekly time frame.
- Support @15.94 from a trend line in the weekly time frame.
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 | UP | POSITIVE | The long term trend for CARE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CARE is up. |
| ChartMill Relative Strength | 89.1 | POSITIVE | CARE has a high relative strength, it outperformed 89.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CARE is above 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) | UP | POSITIVE | The current price of CARE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 78.32 | OVERBOUGHT | The high RSI value suggests CARE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.38 | POSITIVE | The MACD value suggests CARE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.79 | OVERBOUGHT | The high Stochastics value suggests CARE may be overbought. |
| Average True Range in percent/ATR (20) | 3.04 | MEDIUM VOLATILITY | The ATR as a percentage value for CARE suggests some volalility. |
| Average Directional Index/ADX (14) | 28.2 | POSITIVE | The high ADX value value for CARE suggests a strong trend. |
CARE Chart- and CandleStick Pattern Analysis
CARE Technicals: Chart, Performance Metrics, Trend & Indicators
23.56
+0.16 (+0.68%)
CARTER BANKSHARES INC / CARE TA FAQ
What is the technical rating for CARE stock?
ChartMill assigns a technical rating of 10 / 10 to CARE.
Can you provide the trend direction for CARTER BANKSHARES INC?
The current trend direction for CARTER BANKSHARES INC (CARE) is Bullish.
What is the RSI signal for CARE stock?
CARTER BANKSHARES INC (CARE) has an RSI value of 78.3162. This indicates that the stock is currently overbought.
Can you provide the MACD signal for CARTER BANKSHARES INC?
The MACD indicator for CARTER BANKSHARES INC (CARE) has a value of 0.377689, indicating a bearish trend.
Can you provide the support and resistance levels for CARTER BANKSHARES INC?
CARTER BANKSHARES INC (CARE) has a support level at 21.47. Check the full technical report for our detailed analysis of CARE support and resistance levels.