RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CACC
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Credit Acceptance Corporation stock price up 0.0853% on Wednesday
(Updated on Mar 27, 2024)

Hold candidate since Mar 26, 2024 Gain 0.09% PDF

The Credit Acceptance Corporation stock price gained 0.0853% on the last trading day (Wednesday, 27th Mar 2024), rising from $551.13 to $551.60. During the last trading day the stock fluctuated 1.60% from a day low at $549.23 to a day high of $558.04. The price has been going up and down for this period, and there has been a -0.67% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 25 thousand more shares were traded than the day before. In total, 81 thousand shares were bought and sold for approximately $44.88 million.

The stock has broken the weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $552.22. A reaction back to this level may hold a second chance to get out before further falls.

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CACC Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, February 26, 2024, and so far it has risen 1.56%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Credit Acceptance Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $555.85 and $553.45. A break-up above any of these levels will issue buy signals.

Support, Risk & Stop-loss for Credit Acceptance Corporation stock

Credit Acceptance Corporation finds support from accumulated volume at $541.07 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $8.80 between high and low, or 1.60%. For the last week the stock has had daily average volatility of 1.63%.

Our recommended stop-loss: $517.97 (-6.10%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 22 days ago.)

Trading Expectations (CACC) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Credit Acceptance Corporation to open at $552.96, and during the day (based on 14 day Average True Range), to move between $540.99 and $562.21, which gives a possible trading interval of +/-$10.61 (+/-1.92%) up or down from last closing price. If Credit Acceptance Corporation takes out the full calculated possible swing range there will be an estimated 3.85% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $552.00 (0.07%) than the support at $541.07 (1.91%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Credit Acceptance Corporation stock A Buy?

Credit Acceptance Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.303 Hold/Accumulate Unchanged

Predicted Opening Price for Credit Acceptance Corporation of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$552.96 ( 0.246%) $551.60

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

Trading levels for CACC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 561.76 1.84 %
R2 558.40 1.23 %
R1 556.32 0.86 %
Current price: 551.60
Support S1 549.59 -0.364 %
S2 547.51 -0.741 %
S3 544.15 -1.35 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 582.42 5.59 %
R2 581.39 5.40 %
R1 552.00 0.0725 %
Current price 551.60
Support S1 541.07 -1.91%
S2 538.90 -2.30%
S3 534.27 -3.14%

FAQ

What is the symbol for Credit Acceptance Corporation Stock and on which exchange is it traded?
The symbol for Credit Acceptance Corporation is CACC and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Credit Acceptance Corporation Stock?
Credit Acceptance Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Credit Acceptance Corporation Stock?
Credit Acceptance Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Credit Acceptance Corporation Stock.

What's the current price of Credit Acceptance Corporation Stock?
As of the end of day on the 2024-03-27, the price of an Credit Acceptance Corporation (CACC) share was $551.60.

What is the 52-week high and low for Credit Acceptance Corporation Stock?
The 52-week high for Credit Acceptance Corporation Stock is $616.66 and the 52-week low is $379.77.

What is the market capitalization of Credit Acceptance Corporation Stock?
As of the 2024-03-27, the market capitalization of Credit Acceptance Corporation is 6.786B.

When is the next earnings date for Credit Acceptance Corporation?
The upcoming earnings date for Credit Acceptance Corporation is May 06, 2024.
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About Credit Acceptance Corporation

Credit Acceptance Credit Acceptance Corporation provides financing programs, and related products and services to independent and franchised automobile dealers in the United States. The company advances money to dealers in exchange for the right to service the underlying consumer loans; and buys the consumer loans from the dealers and keeps various amounts collected from the consumers. It is also involved in the business of reinsuring coverage under vehicle servic... CACC Profile

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