We assign a technical rating of 3 out of 10 to CACO. Recently some decent action could be observed, but in the medium term time frame this is still negative. CACO was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, CACO is a bad performer in the overall market: 91% of all stocks are doing better.
CACO is one of the lesser performing stocks in the Marine Transportation industry. 73% of 31 stocks in the same industry do better.
CACO is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
In the last month CACO has a been trading in the 0.21 - 0.50 range, which is quite wide. It is currently trading near the high of this range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.