COLONY BANKCORP (CBAN) Technical Analysis
NYSE:CBAN • US19623P1012
Current stock price
CBAN Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to CBAN. Both in the recent history as in the last year, CBAN has proven to be a steady performer, scoring decent points in every aspect analyzed.
- In the last month CBAN has a been trading in the 19.40 - 21.61 range, which is quite wide. It is currently trading near the lows of this range.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, CBAN did better than 78% of all other stocks. We also observe that the gains produced by CBAN over the past year are nicely spread over this period.
- CBAN is one of the better performing stocks in the Banks industry, it outperforms 79% of 376 stocks in the same industry.
- 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.
- Volume is considerably higher in the last couple of days.
CBAN Weekly and Daily overview Charts
CBAN Setup Rating and Analysis
Although CBAN has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
CBAN Support and Resistance Analysis
15.76
When analyzing the support we can see 5 important areas.
- A support zone ranging from 19.79 to 19.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 19.03 to 19.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.40 from a trend line in the weekly time frame.
- Support @16.40 from a horizontal line in the daily time frame.
- Support @15.92 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 20.97 to 21.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
CBAN Technical Indicator Signal Analysis
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 | 78.55 | POSITIVE | CBAN has a high relative strength, it outperformed 78.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CBAN is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CBAN is below a declining 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) | 56.93 | NEUTRAL | The RSI value for CBAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CBAN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.52 | NEUTRAL | The Stochastics value for CBAN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.16 | MEDIUM VOLATILITY | The ATR as a percentage value for CBAN suggests some volalility. |
| Average Directional Index/ADX (14) | 28.66 | POSITIVE | The high ADX value value for CBAN suggests a strong trend. |
CBAN Chart- and CandleStick Pattern Analysis
CBAN Technicals: Chart, Performance Metrics, Trend & Indicators
19.98
-0.83 (-3.99%)
COLONY BANKCORP / CBAN TA FAQ
Can you provide the ChartMill technical rating for COLONY BANKCORP?
ChartMill assigns a technical rating of 9 / 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 COLONY BANKCORP (CBAN) stock?
COLONY BANKCORP (CBAN) has an RSI value of 56.9321. This indicates that the stock is currently neutral.
What is the short term momentum for COLONY BANKCORP (CBAN) stock?
The short term momentum for COLONY BANKCORP (CBAN) is positive.
What are the support and resistance levels for COLONY BANKCORP (CBAN) stock?
COLONY BANKCORP (CBAN) has a support level at 20.13 and a resistance level at 20.97. Check the full technical report for our detailed analysis of CBAN support and resistance levels.