COLONY BANKCORP (CBAN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CBAN - US19623P1012 - Common Stock
17.88 USD
-0.03 (-0.17%)
17.88 USD
0 (0%)
Overall CBAN gets a technical rating of 7 out of 10. Although CBAN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
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 17.35 - 18.80 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When comparing the yearly performance of all stocks, we notice that CBAN is one of the better performing stocks in the market, outperforming 76% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
CBAN is an average performer in the Banks industry, it outperforms 66% of 387 stocks in the same industry.
Volume is considerably higher in the last couple of days.
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. We notice that large players showed an interest for CBAN in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
15.76
18.73
3 important support areas can be observed.
- Support @17.87 from a trend line in the daily time frame.
- A support zone ranging from 16.40 to 16.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 15.92 to 15.99. 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 17.92 to 18.54. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for CBAN is neutral. |
| ChartMill Relative Strength | 76.07 | POSITIVE | CBAN has a high relative strength, it outperformed 76.07% 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) | 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) | 54.21 | NEUTRAL | The RSI value for CBAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests CBAN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 29.21 | NEUTRAL | The Stochastics value for CBAN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.94 | LOW VOLATILITY | The low ATR as a percentage value for CBAN suggests low volalility. |
| Average Directional Index/ADX (14) | 20.25 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 18.31 | 17.86 | 0.45 (2.46%) | 25.00% |
| An entry @18.31. This is a Buy Stop order right above the 10 day high. | An exit @17.86. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.45 points, which is 2.46%. | For a 0.61% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CBAN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
17.88
-0.03 (-0.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.17%
1 Week0%
2 Weeks-1.32%
1 Month2.76%
3 Month11.33%
6 Month2.58%
12 Month21.88%
2 Year46.2%
3 Year38.71%
5 Year29.1%
10 Year92.05%
15 Year320.71%
Volatility
ATR(14)0.32
ATR(20)%1.94%
ATR Inc-9.58%
Range Today0.34
ADR(20)0.34
ADR(20)%1.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.07
3 months CRS81.98
6 months CRS48.6
Mansfield-0.26
10 Day High18.3
10 Day Low17.51
20 Day High18.8
20 Day Low17.35
52 Week High18.8
52 Week Low13.99
CS1 End17.87
CR1 Start17.92
Volume & EV
DER(3)4.84%
DER(5)5.47%
Volume124.60K
Volume Incr18.8%
Vol(5)118.26K
Vol(50)78.05K
COLONY BANKCORP / CBAN FAQ
Can you provide the ChartMill technical rating for COLONY BANKCORP?
ChartMill assigns a technical rating of 7 / 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 54.2077. 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 -0.0921226, indicating a bearish trend.