Camden National Technical Analysis (NASDAQ:CAC)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the Camden National stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the CAC stock chart which creates a trading signal.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Camden National. The technical analysis form of Camden National stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Camden National Moving Average
Moving averages show the average price of CAC stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $46.3 is below the last closing price of $47.22 and the 50 day moving average of $45.35 is below the last closing price of $47.22. The 10 and 20 day periods can predict short term moving average trends.
Camden National Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the CAC stock. Currently the stock price of $47.22 is in the upper range of Camden National bollinger bands.
Camden National Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Camden National MACD line is below the signal line.
Camden National Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of CAC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.