Carolina Financial Corp (CARO) Stock Technical Analysis
NASDAQ:CARO - Nasdaq -
Overall CARO gets a technical rating of 5 out of 10. CARO has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month CARO has a been trading in the 24.20 - 35.55 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, which is what you like to see during a strong movement up.
When comparing the performance of all stocks over the past year, CARO turns out to be only a medium performer in the overall market: it outperformed 53% of all stocks.
CARO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CARO is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
42.98
When analyzing the support we notice one important 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.
When analyzing the resistance we notice 4 important areas.
- 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. |
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)
32.88
-0.95 (-2.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.81%
1 Week11.99%
2 Weeks15.53%
1 Month27.74%
3 Month-14.26%
6 Month-13.81%
12 Month-14.13%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.83
ATR(20)%5.66%
ATR Inc-7.93%
Range Today1.29
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.94
Mansfield-0.22
10 Day High35.55
10 Day Low27.43
20 Day High35.55
20 Day Low24.21
52 Week High43.85
52 Week Low20.72
CS1 End28.59
CR1 Start35.1
Volume & EV
DER(3)1.16%
DER(5)-0.54%
Volume691.10K
Volume Incr130.59%
Vol(5)434.54K
Vol(50)231.39K