COLONY BANKCORP (CBAN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CBAN - US19623P1012 - Common Stock
We assign a technical rating of 5 out of 10 to CBAN. CBAN has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
CBAN has an average technical rating and it also does not offer a high quality setup 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.
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15.76
When analyzing the support we notice one important area.
- A support zone ranging from 15.92 to 16.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- 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.
- Resistance @18.26 from a horizontal line in the daily time frame.
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 | 37.98 | NEUTRAL | CBAN is not amongst the best or worst performers 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) | 61.68 | NEUTRAL | The RSI value for CBAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests CBAN has a positive trend. |
| Stochastics (14,3) | 87.28 | OVERBOUGHT | The high Stochastics value suggests CBAN may be overbought. |
| Average True Range in percent/ATR (20) | 2.14 | MEDIUM VOLATILITY | The ATR as a percentage value for CBAN suggests some volalility. |
| Average Directional Index/ADX (14) | 14.61 | NEGATIVE | The low ADX value for CBAN suggests a weak or negative trend. |
17.12
+0.38 (+2.27%)
COLONY BANKCORP / CBAN FAQ
Can you provide the ChartMill technical rating for COLONY BANKCORP?
ChartMill assigns a technical rating of 3 / 10 to CBAN.
Can you provide the trend direction for COLONY BANKCORP?
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 61.6774. This indicates that the stock is currently neutral.
What is the buy/sell signal for COLONY BANKCORP (CBAN) stock?
The buy/sell signal for COLONY BANKCORP (CBAN) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for COLONY BANKCORP?
COLONY BANKCORP (CBAN) has a support level at 16.67 and a resistance level at 17.63. Check the full technical report for our detailed analysis of CBAN support and resistance levels.