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Camden National Corporation Stock Forecast NASDAQ:CAC

$46.47 (-0.81%)

Volume: 24k

Closed: Dec 03, 2021

Hollow Logo Score: 1.667

Camden National Corporation Stock Forecast

$46.47 (-0.81%)

Volume: 24k

Closed: Dec 03, 2021

Score Hollow Logo 1.667
Which way will CAC go? Request
Stop-loss: $44.32 (-4.63%)
Key Stats
P/E Ratio 9.77
Beta 0.92
Trailing Dividend Rate 3% ($1.39)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 31 and the stock is currently not being overbought or oversold

Camden National Corporation stock price down 0.81% on Friday
(Updated on Dec 03, 2021)


Buy candidate since 2021-12-02 Loss -0.81%

The Camden National Corporation stock price fell by -0.81% on the last day (Friday, 3rd Dec 2021) from $46.85 to $46.47. During the day the stock fluctuated 1.47% from a day low at $46.28 to a day high of $46.96. The price has fallen in 7 of the last 10 days and is down by -4.72% for this period. Volume has increased on the last day by 3 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 24 thousand shares were bought and sold for approximately $1.13 million.

The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $45.58 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.03% during the next 3 months and, with a 90% probability hold a price between $47.42 and $53.38 at the end of this 3-month period.

Signals & Forecast

The Camden National Corporation stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $46.58 and $48.42. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Camden National Corporation gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 2.09%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss

Camden National Corporation finds support from accumulated volume at $45.82 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.68 between high and low, or 1.47%. For the last week, the stock has had a daily average volatility of 2.42%.

Our recommended stop-loss: $44.32 (-4.63%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)

Is Camden National Corporation stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 1.667

Predicted Opening Price for Camden National Corporation of Monday, December 6, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 6, 2021 Current price
$46.57 $46.47 (Undervalued)
Buy Candidate Unchanged

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Analyst Ratings

On Oct 07, 2021 "Raymond James" gave "" rating for CAC. The price target was set to $48.610.0%.

Volatility and Risk
Daily Average Volatility: 2.42 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.42 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $46.94
Price: $46.47
Support: $45.82

CAC Insider Trading Show all Trades

INSIDER POWER

6.436

Last 100 transactions
Buy: 36 719 | Sell: 5 705 (Shares)
Date Action Amount Person Type
Sep 20, 2021 Buy 116 Sterrs Lawrence J Common Stock
Sep 20, 2021 Buy 244 Flanagan David C Common Stock
Sep 20, 2021 Buy 218 Denekas Craig N Common Stock
Sep 20, 2021 Buy 177 Mccarthy Marie J Common Stock
Sep 20, 2021 Buy 203 Soderberg Carl John Common
Show all Insider Trades
INSIDER POWER

6.436

Last 100 transactions
Buy: 36 719 | Sell: 5 705 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 47.25 1.67 %
46.99 1.12 %
46.83 0.77 %
Current price: 46.47
Support 46.31 -0.34 %
46.15 -0.69 %
45.89 -1.25 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 48.46 4.28 %
47.60 2.43 %
46.94 1.01 %
Current price 46.47
Support 45.82 -1.40%
45.50 -2.09%
45.39 -2.32%

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About Camden National Corporation

Camden National Camden National Corporation operates as the holding company for Camden National Bank that provides commercial and consumer banking products and services to consumer, institutional, municipal, non-profit, and commercial customers. It offers various deposit products, including demand deposits, as well as checking, savings, and money market accounts. The company also originates single family and multi-family residential loans, commercial real estate... Read more

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