Credit Acceptance Corporation (NASDAQ:CACC) shares are on our radar today. We have noted that the latest ATR reading is 10.09. The ATR may be used by investors and traders to gauge when markets are likely to range, when extreme stock price levels are being approached, or if there is significant interest in a trend. ATR may be used as an indicator, but it may not predict anything by itself. Higher ATR’s may indicate that the stock is trending, and smaller ATR’s may be indicitive of stock price consolidation. The ATR range will be positive whether or not shares are trending up or down. ATR may allow traders to more accurately buy or sell into certain trends.
Stock analysis typically falls under the two main categories of fundamental and technical. Fundamental analysis involves diving into company financials. Fundamental analysts study how the company is performing in order to determine whether or not the stock is ready to run. With this type of analysis, investors will be looking at balance sheet strength and gauging how much money the company is giving back to shareholders. After crunching all the numbers, investors can use the information to calculate ratios to help determine if the company is properly valued and worth adding to the portfolio. Technical analysis relies on charting historical stock prices in order to define trends and patterns. The buying and selling of stocks using only technical analysis typically removes any concern for how the company is fairing or even what it actually does. Some indicators that technical analysts use can be super simple and others can be highly complex. Many investors will attempt to study both technicals and fundamentals with the goal of gaining greater knowledge of where the stock has been, and where it might be going.
Following some historical performance data on shares of Credit Acceptance Corporation (NASDAQ:CACC), we can see that performance for the previous week is -0.04%. YTD, the stock has performed 12.73%. Over the last full-year, shares have performed 6.99%. For the previous month, company shares are -1.72%. For the last quarter, the stock has performed -3.69%. Tracking some recent volatility numbers, shares are 1.90% for the week, and 2.51% for the past month.
Credit Acceptance Corporation (NASDAQ:CACC) has a current consensus broker rating of 3.40. This rating follows a scale where a 1 or a 2 would represent a consensus Buy recommendation. A rating of 4 or 5 would indicate a consensus Sell recommendation. A rating of 3 would represent a Hold recommendation. Checking in on the RSI or relative strength index, we see that the 14-day level is 46.05. The RSI operates in a range-bound area with values between 0 and 100. When the RSI line heads higher, the stock may be showing strength. The opposite is the case when the RSI line is moving down. RSI may be used to spot overbought or oversold conditions. An RSI reading over 70 would be considered overbought, and a value under 30 would indicate oversold conditions.
A level of 50 would represent neutral market momentum. At current stock price levels, we have noted that Credit Acceptance Corporation (NASDAQ:CACC) shares are separated -15.25% from the 52 week high and 21.37% off of the 52 week low. From the open, the stock has seen a change of 0.30%. Looking at some other high/low data, the stock has been seen trading -13.22% away from the 50 day high and 12.16% off of the 50 day low. In terms of volume, the current value is near 21736. Investors may be keeping a close eye on unusual trading volume on company shares. A large increase or decrease in trading volume may suggest that other factors are present.
With the stock market still cranking along, new investors may be wondering if they are too late to join the party. Picking stocks when everything is on the up can be much easier than trying to find winners when the markets sour. Taking a ride on the stock market roller coaster can indeed provide many ups, but also just as many downs. If there was a sure fire stock picking method that always produced winners, the ride would no doubt be smooth but much less thrilling. There is plenty of information available about publically traded companies that investors can use to make better informed stock picks. However, the challenge for the individual investor becomes figuring out how to best use the information at hand in order to select winners. Navigating the equity markets can seem daunting at times. Finding ways to filter out the important data from the unimportant data can make a big difference in sustaining profits into the future. As we move into the second half of the year, investors will be watching to see which way the momentum shifts and if stocks are still primed to move higher.