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!
- When comparing the yearly performance of all stocks, we notice that CARE is one of the better performing stocks in the market, outperforming 87% of all stocks. On top of that, CARE also shows a nice and consistent pattern of rising prices.
- CARE is part of the Banks industry. There are 377 other stocks in this industry. CARE outperforms 95% of them.
- CARE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month CARE has a been trading in the 19.41 - 24.86 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
Besides having an excellent technical rating, CARE also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
CARE Support and Resistance Analysis
15.82
4 important support areas can be observed.
- A support zone ranging from 19.75 to 20.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.43 from a horizontal line in the daily time frame.
- Support @16.94 from a horizontal line in the weekly time frame.
- Support @15.98 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 | 87.77 | POSITIVE | CARE has a high relative strength, it outperformed 87.77% 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) | 78.73 | OVERBOUGHT | The high RSI value suggests CARE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests CARE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.9 | OVERBOUGHT | The high Stochastics value suggests CARE may be overbought. |
| Average True Range in percent/ATR (20) | 2.8 | MEDIUM VOLATILITY | The ATR as a percentage value for CARE suggests some volalility. |
| Average Directional Index/ADX (14) | 35.31 | POSITIVE | The high ADX value value for CARE suggests a strong trend. |
CARE Chart- and CandleStick Pattern Analysis
CARE Example Setup
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 |
|---|---|---|---|
| 24.87 | 22.95 | 1.92 (7.70%) | 12.98% |
| An entry @24.87. This is a Buy Stop order right above the 10 day high. | An exit @22.95. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.92 points, which is 7.70%. | When investing 12.98% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
CARE Technicals: Chart, Performance Metrics, Trend & Indicators
24.49
+0.09 (+0.37%)
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 78.7325. 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 0.265417, 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 20.16. Check the full technical report for our detailed analysis of CARE support and resistance levels.