Taking everything into account, CARE scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CARE is only an average performer.
Although CARE has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
15.36
When analyzing the support we can see 4 important areas.
- A support zone ranging from 18.27 to 18.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.75 from a trend line in the weekly time frame.
- A support zone ranging from 16.89 to 17.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.52 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @19.98 from a horizontal line in the weekly time frame.
- Resistance @20.30 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 | 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 | 57.13 | NEUTRAL | CARE is not amongst the best or worst performers 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) | 77.81 | OVERBOUGHT | The high RSI value suggests CARE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests CARE has a positive trend. |
| Stochastics (14,3) | 93.92 | OVERBOUGHT | The high Stochastics value suggests CARE may be overbought. |
| Average True Range in percent/ATR (20) | 2 | LOW VOLATILITY | The low ATR as a percentage value for CARE suggests low volalility. |
| Average Directional Index/ADX (14) | 36.46 | POSITIVE | The high ADX value value for CARE suggests a strong trend. |
19.97
+0.22 (+1.11%)
CARTER BANKSHARES INC / CARE FAQ
What is the technical rating for CARE stock?
ChartMill assigns a technical rating of 8 / 10 to CARE.
What is the trend direction for CARE stock?
The current trend direction for CARTER BANKSHARES INC (CARE) is Bullish.
Can you provide the RSI signal for CARTER BANKSHARES INC?
CARTER BANKSHARES INC (CARE) has an RSI value of 77.8134. 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 0.218393, indicating a bearish trend.
What is the short term momentum for CARE stock?
The short term momentum for CARTER BANKSHARES INC (CARE) is positive.