Taking everything into account, CARO scores 5 out of 10 in our technical rating. In the past year, CARO was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
CARO has an average technical rating and it also 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
28.04
We found 1 important support area.
- A support zone ranging from 28.32 to 28.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
4 important resistance areas can be observed.
- Resistance @35.10 from a horizontal line in the daily time frame.
- Resistance @38.27 from a trend line in the daily time frame.
- Resistance @39.53 from a trend line in the daily time frame.
- Resistance @42.55 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for CARO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CARO is up. |
| ChartMill Relative Strength | 53.94 | NEUTRAL | CARO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CARO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CARO is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CARO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.04 | NEUTRAL | The RSI value for CARO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.76 | POSITIVE | The MACD value suggests CARO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.36 | OVERBOUGHT | The high Stochastics value suggests CARO may be overbought. |
| Average True Range in percent/ATR (20) | 5.66 | HIGH VOLATILITY | The high ATR as a percentage value for CARO suggests high volalility. |
32.88
-0.95 (-2.81%)
Carolina Financial Corp / CARO FAQ
What is the technical rating for CARO stock?
ChartMill assigns a technical rating of 5 / 10 to CARO.
What is the current trend direction of Carolina Financial Corp (CARO) stock?
The current trend direction for Carolina Financial Corp (CARO) is Bearish.
What is the RSI signal for Carolina Financial Corp (CARO) stock?
Carolina Financial Corp (CARO) has an RSI value of 60.0399. This indicates that the stock is currently neutral.
What is the short term momentum for CARO stock?
The short term momentum for Carolina Financial Corp (CARO) is positive.