CAPITAL BANCORP INC/MD (CBNK) Technical Analysis
NASDAQ:CBNK • US1397371006
Overall CBNK gets a technical rating of 4 out of 10. CBNK has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- CBNK is one of the lesser performing stocks in the Banks industry. 62% of 379 stocks in the same industry do better.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When comparing the performance of all stocks over the past year, CBNK turns out to be only a medium performer in the overall market: it outperformed 55% of all stocks.
- CBNK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CBNK is lagging the market.
- In the last month CBNK has a been trading in the 28.81 - 33.65 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CBNK has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 30.82. Right above this resistance zone may be a good entry point.
More info and screens
26.34
We found 6 important support areas.
- A support zone ranging from 30.04 to 30.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @29.54 from a trend line in the daily time frame.
- Support @29.06 from a trend line in the weekly time frame.
- Support @28.12 from a trend line in the weekly time frame.
- Support @27.49 from a horizontal line in the weekly time frame.
- A support zone ranging from 26.61 to 26.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 30.82 to 31.11. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 32.46 to 32.87. 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 | NEUTRAL | NEUTRAL | The long term trend for CBNK is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CBNK is neutral. |
| ChartMill Relative Strength | 55.29 | NEUTRAL | CBNK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CBNK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CBNK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CBNK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.62 | NEUTRAL | The RSI value for CBNK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests CBNK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.8 | NEUTRAL | The Stochastics value for CBNK is a neutral value. |
| Average True Range in percent/ATR (20) | 4.3 | MEDIUM VOLATILITY | The ATR as a percentage value for CBNK suggests some volalility. |
| Average Directional Index/ADX (14) | 17.51 | NEGATIVE | The low ADX value for CBNK suggests a weak or negative trend. |
CBNK Technicals: Chart, Performance Metrics, Trend & Indicators
30.34
+0.68 (+2.29%)
CAPITAL BANCORP INC/MD / CBNK FAQ
What is the technical rating for CBNK stock?
ChartMill assigns a technical rating of 4 / 10 to CBNK.
What is the current trend direction of CAPITAL BANCORP INC/MD (CBNK) stock?
The current trend direction for CAPITAL BANCORP INC/MD (CBNK) is Bearish.
What is the RSI signal for CBNK stock?
CAPITAL BANCORP INC/MD (CBNK) has an RSI value of 48.6182. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CAPITAL BANCORP INC/MD?
The MACD indicator for CAPITAL BANCORP INC/MD (CBNK) has a value of -0.224788, indicating a bearish trend.
What are the support and resistance levels for CAPITAL BANCORP INC/MD (CBNK) stock?
CAPITAL BANCORP INC/MD (CBNK) has a support level at 30.18 and a resistance level at 30.82. Check the full technical report for our detailed analysis of CBNK support and resistance levels.