CAPITAL BANCORP INC/MD (CBNK) Stock Technical Analysis
NASDAQ:CBNK - Nasdaq - US1397371006 - Common Stock - Currency: USD
Overall CBNK gets a technical rating of 9 out of 10. In the last year, CBNK was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month CBNK has a been trading in the 30.80 - 34.31 range, which is quite wide. It is currently trading near the lows of this range.
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!
When comparing the yearly performance of all stocks, we notice that CBNK is one of the better performing stocks in the market, outperforming 91% of all stocks. On top of that, CBNK also shows a nice and consistent pattern of rising prices.
CBNK is part of the Banks industry. There are 396 other stocks in this industry. CBNK outperforms 94% of them.
CBNK is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so CBNK is performing more or less in line with the market.
Besides having an excellent technical rating, CBNK 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. There is a support zone below the current price at 30.82, a Stop Loss order could be placed below this zone.
More info and screens
21.05
33.98
5 important support areas can be observed.
- A support zone ranging from 30.09 to 30.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.50 from a trend line in the weekly time frame.
- Support @26.89 from a trend line in the daily time frame.
- Support @25.94 from a horizontal line in the daily time frame.
- Support @21.26 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 31.94 to 32.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @33.64 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 CBNK is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CBNK is neutral. |
| ChartMill Relative Strength | 91.58 | POSITIVE | CBNK has a high relative strength, it outperformed 91.58% off all stocks 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) | UP | POSITIVE | The current price of CBNK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.35 | NEUTRAL | The RSI value for CBNK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests CBNK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.26 | OVERSOLD | The low Stochastics value suggests CBNK may be oversold. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for CBNK suggests some volalility. |
| Average Directional Index/ADX (14) | 30.37 | POSITIVE | The high ADX value value for CBNK suggests a strong 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 |
|---|---|---|---|
| 32.73 | 30.79 | 1.94 (5.94%) | 16.83% |
| An entry @32.73. This is a Buy Stop order right above the resistance zone. | An exit @30.79. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.94 points, which is 5.94%. | When investing 16.83% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
31.62
+0.8 (+2.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg2.6%
1 Week-2.11%
2 Weeks-2.5%
1 Month-2.32%
3 Month11.34%
6 Month6.79%
12 Month58.02%
2 Year74.7%
3 Year45.71%
5 Year195.51%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.75
ATR(20)%2.6%
ATR Inc-5.24%
Range Today0.58
ADR(20)0.79
ADR(20)%2.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.58
Mansfield1.12
10 Day High32.99
10 Day Low30.8
20 Day High34.31
20 Day Low30.8
52 Week High34.31
52 Week Low19.45
CS1 End30.82
CR1 Start31.94
Volume & EV
DER(3)-0.69%
DER(5)-2.86%
Volume38.90K
Volume Incr-35.19%
Vol(5)54.32K
Vol(50)63.80K