COLONY BANKCORP (CBAN) Stock Technical Analysis
NYSE:CBAN • US19623P1012
We assign a technical rating of 8 out of 10 to CBAN. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CBAN is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- 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.
- CBAN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- When comparing the yearly performance of all stocks, we notice that CBAN is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- CBAN is part of the Banks industry. There are 381 other stocks in this industry, CBAN did better than 68% of them.
CBAN has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
15.76
When analyzing the support we can see 5 important areas.
- Support @19.23 from a trend line in the daily time frame.
- A support zone ranging from 17.71 to 17.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 16.81 to 16.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @16.40 from a horizontal line in the daily time frame.
- A support zone ranging from 15.92 to 15.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 21.07 to 21.07. 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 | 79.11 | POSITIVE | CBAN has a high relative strength, it outperformed 79.11% 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) | 62.72 | NEUTRAL | The RSI value for CBAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CBAN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.67 | NEUTRAL | The Stochastics value for CBAN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.02 | MEDIUM VOLATILITY | The ATR as a percentage value for CBAN suggests some volalility. |
| Average Directional Index/ADX (14) | 39.76 | POSITIVE | The high ADX value value for CBAN suggests a strong trend. |
20.36
+0.04 (+0.2%)
COLONY BANKCORP / CBAN FAQ
Can you provide the ChartMill technical rating for COLONY BANKCORP?
ChartMill assigns a technical rating of 8 / 10 to CBAN.
What is the trend direction for CBAN stock?
The current trend direction for COLONY BANKCORP (CBAN) is Bullish.
What is the RSI signal for CBAN stock?
COLONY BANKCORP (CBAN) has an RSI value of 62.7228. This indicates that the stock is currently neutral.
Can you provide the MACD signal for COLONY BANKCORP?
The MACD indicator for COLONY BANKCORP (CBAN) has a value of 0.000210384, indicating a bearish trend.
What is the buy/sell signal for CBAN stock?
The buy/sell signal for COLONY BANKCORP (CBAN) is buy as both the short term and long term trends are positive.