Credit Acceptance Technical Analysis (NASDAQ:CACC)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The Credit Acceptance stock price data and volume are plotted in CACC stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Credit Acceptance. Technical analysis uses an approach for Credit Acceptance stock analysis that does not care for the fair value of a company but uses price and volume data only.
Credit Acceptance Moving Average
Moving averages show the average price of CACC 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 $421.27 is below the last closing price of $455.23 and the 50 day moving average of $386.39 is below the last closing price of $455.23. The 10 and 20 day periods can predict short term moving average trends.
Credit Acceptance Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Credit Acceptance. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $455.23 is in the upper range of Credit Acceptance bollinger bands.
Credit Acceptance Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Credit Acceptance MACD indicator is below 0 indicating a bearish trend.
Credit Acceptance Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of CACC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.