COLONY BANKCORP (CBAN) Stock Technical Analysis
NYSE:CBAN - New York Stock Exchange, Inc. - US19623P1012 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to CBAN. CBAN has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that CBAN is one of the better performing stocks in the market, outperforming 84% of all stocks.
CBAN is part of the Banks industry. There are 397 other stocks in this industry. CBAN outperforms 77% of them.
CBAN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CBAN is lagging the market slightly.
In the last month CBAN has a been trading in the 15.00 - 18.01 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days.
Although CBAN has an excellent technical rating, the quality of the presented setup is not ideal 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
14.72
18.03
When analyzing the support we can see 2 important areas.
- A support zone ranging from 15.26 to 15.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 14.87 to 14.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 17.63 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 | UP | POSITIVE | The short term trend for CBAN is up. |
| ChartMill Relative Strength | 84.05 | POSITIVE | CBAN has a high relative strength, it outperformed 84.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CBAN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CBAN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CBAN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.03 | NEUTRAL | The RSI value for CBAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests CBAN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.78 | OVERBOUGHT | The high Stochastics value suggests CBAN may be overbought. |
| Average True Range in percent/ATR (20) | 2.38 | MEDIUM VOLATILITY | The ATR as a percentage value for CBAN suggests some volalility. |
| Average Directional Index/ADX (14) | 38.01 | POSITIVE | The high ADX value value for CBAN suggests a strong 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)
17.43
-0.31 (-1.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.75%
1 Week-0.06%
2 Weeks5.83%
1 Month11.09%
3 Month24.41%
6 Month18.81%
12 Month31.25%
2 Year62.59%
3 Year20.04%
5 Year63.36%
10 Year94.97%
15 Year192.94%
Volatility
ATR(14)0.45
ATR(20)%2.38%
ATR Inc-24.93%
Range Today0.44
ADR(20)0.38
ADR(20)%2.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.05
Mansfield0.24
10 Day High18.01
10 Day Low16.45
20 Day High18.01
20 Day Low15
52 Week High18.49
52 Week Low13
CS1 End15.38
CR1 Start17.63
Volume & EV
DER(3)1.19%
DER(5)1.82%
Volume41.50K
Volume Incr80.11%
Vol(5)94.10K
Vol(50)58.75K