CARTER BANKSHARES INC (CARE) Stock Technical Analysis
NASDAQ:CARE - Nasdaq - US1461031064 - Common Stock - Currency: USD
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.
Both the short term and long term trends are positive. This is a very positive sign.
CARE is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the performance of all stocks over the past year, CARE turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
CARE is part of the Banks industry. There are 396 other stocks in this industry, CARE did better than 66% of them.
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. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 18.10. Right above this resistance zone may be a good entry point.
More info and screens
14.42
18.32
We found 4 important support areas.
- A support zone ranging from 17.63 to 17.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 16.89 to 17.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.24 to 16.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.57 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 18.10 to 18.14. 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 | 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 | 67.67 | 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) | 58.41 | NEUTRAL | The RSI value for CARE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests CARE has a negative trend. |
| Stochastics (14,3) | 64.66 | NEUTRAL | The Stochastics value for CARE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.09 | MEDIUM VOLATILITY | The ATR as a percentage value for CARE suggests some volalility. |
| Average Directional Index/ADX (14) | 40.33 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 18.15 | 17.62 | 0.53 (2.92%) | 25.00% |
| An entry @18.15. This is a Buy Stop order right above the resistance zone. | An exit @17.62. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.53 points, which is 2.92%. | For a 0.73% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CARE. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
18
-0.1 (-0.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.55%
1 Week0.61%
2 Weeks0.28%
1 Month6.32%
3 Month17.57%
6 Month1.18%
12 Month6.82%
2 Year22.53%
3 Year29.03%
5 Year155.32%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.38
ATR(20)%2.09%
ATR Inc-13.05%
Range Today0.37
ADR(20)0.37
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
CRS67.67
Mansfield-0.27
10 Day High18.44
10 Day Low17.63
20 Day High18.44
20 Day Low16.93
52 Week High20.4
52 Week Low13.61
CS1 End17.87
CR1 Start18.1
Volume & EV
DER(3)0.49%
DER(5)-0.67%
Volume69.30K
Volume Incr-36.5%
Vol(5)66.90K
Vol(50)89.54K