CREDIT ACCEPTANCE - Daily - Technical analysis published on 10/25/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 445.95 USD
My targets
437.58 USD (-0.55%)
413.36 USD (-6.06%)
My analysis
CREDIT ACCEPTANCE is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 445.95 USD. The next support located at 437.58 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 413.36 USD. Below this support, sellers could then target 398.02 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
6.8
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CREDIT ACCEPTANCE rating 440.01 USD. The price registered an increase of +0.01% on the session and was traded between 437.86 USD and 442.87 USD over the period. The price is currently at +0.49% from its lowest and -0.65% from its highest.437.86
442.87
440.01
Here is a more detailed summary of the historical variations registered by CREDIT ACCEPTANCE:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of CREDIT ACCEPTANCE indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 4 are neutral and 9 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near support of channel
Type : Bullish
Timeframe : Daily
Horizontal support is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 398.02 | 413.36 | 437.58 | 440.01 | 445.95 | 455.84 | 464.91 |
| Change (%) | -9.54% | -6.06% | -0.55% | - | +1.35% | +3.60% | +5.66% |
| Change | -41.99 | -26.65 | -2.43 | - | +5.94 | +15.83 | +24.90 |
| Level | Minor | Minor | Major | - | Minor | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 427.87 | 433.77 | 436.88 | 442.78 | 445.89 | 451.79 | 454.90 |
| Camarilla | 437.50 | 438.33 | 439.15 | 439.98 | 440.81 | 441.63 | 442.46 |
| Woodie | 426.47 | 433.07 | 435.48 | 442.08 | 444.49 | 451.09 | 453.50 |
| Fibonacci | 433.77 | 437.22 | 439.34 | 442.78 | 446.23 | 448.35 | 451.79 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 441.78 | 448.19 | 456.30 | 462.71 | 470.82 | 477.23 | 485.34 |
| Camarilla | 460.41 | 461.74 | 463.07 | 464.40 | 465.73 | 467.06 | 468.39 |
| Woodie | 442.62 | 448.62 | 457.14 | 463.14 | 471.66 | 477.66 | 486.18 |
| Fibonacci | 448.19 | 453.74 | 457.17 | 462.71 | 468.26 | 471.69 | 477.23 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 376.83 | 408.42 | 434.87 | 466.46 | 492.91 | 524.50 | 550.95 |
| Camarilla | 445.35 | 450.67 | 455.99 | 461.31 | 466.63 | 471.95 | 477.27 |
| Woodie | 374.25 | 407.14 | 432.29 | 465.18 | 490.33 | 523.22 | 548.37 |
| Fibonacci | 408.42 | 430.60 | 444.29 | 466.46 | 488.64 | 502.33 | 524.50 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 38.23 | |
| MACD (12,26,9): | -4.1500 | |
| Directional Movement: | -16.69 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 450.76 | |
| Parabolic SAR (0,02-0,02-0,2): | 467.48 | |
| Elder Ray (13): | -13.04 | |
| Super Trend (3,10): | 469.49 | |
| Zig ZAG (10): | 440.71 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 18.71 | |
| TEMA (21): | 448.49 | |
| Williams %R (14): | -88.17 | |
| Chande Momentum Oscillator (20): | -2.79 | |
| Repulse (5,40,3): | -3.6300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 1.33 |
| MA7: | 453.70 | |
| MA20: | 453.27 | |
| MA50: | 460.92 | |
| MA100: | 470.44 | |
| MAexp7: | 449.76 | |
| MAexp20: | 455.68 | |
| MAexp50: | 461.14 | |
| MAexp100: | 463.43 | |
| Price / MA7: | -3.02% | |
| Price / MA20: | -2.93% | |
| Price / MA50: | -4.54% | |
| Price / MA100: | -6.47% | |
| Price / MAexp7: | -2.17% | |
| Price / MAexp20: | -3.44% | |
| Price / MAexp50: | -4.58% | |
| Price / MAexp100: | -5.05% |
News
The latest news and videos published on CREDIT ACCEPTANCE at the time of the analysis were as follows:
- Investor Expectations to Drive Momentum within Electronic Arts, Live Nation Entertainment, Columbus McKinnon, Advanced Energy Industries, Credit Acceptance, and Model N — Discovering Underlying Factors of Influence
- Flagship Credit Acceptance Launches Improved Online Customer Portal
- Lifshitz & Miller LLP Announces Investigation of Banro Corp., Credit Acceptance Corp., Extreme Networks, Inc., Luxoft Holding, Inc., Micro Focus International PLC, Switch, Inc., Synacor, Inc., and Vuzix Corporation
- Analysis: Positioning to Benefit within ForeScout Technologies, CommerceHub, Newtek Business Services, Credit Acceptance, Akari Therapeutics, and Brady — Research Highlights Growth, Revenue, and Consolidated Results
- Credit Acceptance Corporation to Host Earnings Call
This member declared not having a position on this financial instrument or a related financial instrument.
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