COLONY BANKCORP (CBAN) Stock Technical Analysis
NYSE:CBAN - New York Stock Exchange, Inc. - US19623P1012 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to CBAN. CBAN has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
In the last month CBAN has a been trading in the 15.87 - 18.05 range, which is quite wide. It is currently trading near the lows of this range.
CBAN is one of the better performing stocks in the Banks industry, it outperforms 71% of 392 stocks in the same industry.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Looking at the yearly performance, CBAN did better than 71% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
CBAN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CBAN is lagging the market.
CBAN has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
13.86
18.03
4 important support areas can be observed.
- Support @15.76 from a trend line in the daily time frame.
- Support @15.43 from a horizontal line in the daily time frame.
- Support @15.13 from a trend line in the weekly time frame.
- A support zone ranging from 14.00 to 14.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 16.29 to 16.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 17.50 to 17.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CBAN is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CBAN is down. |
| ChartMill Relative Strength | 71.6 | POSITIVE | CBAN has a high relative strength, it outperformed 71.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CBAN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CBAN is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CBAN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.1 | NEUTRAL | The RSI value for CBAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests CBAN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.84 | OVERSOLD | The low Stochastics value suggests CBAN may be oversold. |
| Average True Range in percent/ATR (20) | 2.52 | MEDIUM VOLATILITY | The ATR as a percentage value for CBAN suggests some volalility. |
| Average Directional Index/ADX (14) | 24.46 | NEUTRAL | The ADX value for CBAN suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
16.17
-0.1 (-0.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.61%
1 Week-2.71%
2 Weeks-8.8%
1 Month-9.31%
3 Month3.72%
6 Month-5.11%
12 Month23.06%
2 Year55.33%
3 Year14.52%
5 Year47%
10 Year84.8%
15 Year191.35%
Volatility
ATR(14)0.41
ATR(20)%2.52%
ATR Inc-22.52%
Range Today0.41
ADR(20)0.4
ADR(20)%2.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.6
Mansfield-0.58
10 Day High18.05
10 Day Low15.87
20 Day High18.05
20 Day Low15.87
52 Week High18.49
52 Week Low13
CS1 End15.76
CR1 Start16.29
Volume & EV
DER(3)-0.69%
DER(5)0.6%
Volume41.60K
Volume Incr-30.17%
Vol(5)46.82K
Vol(50)62.14K