Century Bancorp Inc (CNBKA) Stock Technical Analysis
NASDAQ:CNBKA - Nasdaq -
We assign a technical rating of 8 out of 10 to CNBKA. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CNBKA is showing a nice and steady performance.
Warning: CNBKA has an average volume of 9644 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, CNBKA did better than 74% of all other stocks.
CNBKA is part of the Banks industry. There are 393 other stocks in this industry. CNBKA outperforms 73% of them.
CNBKA 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 CNBKA is lagging the market slightly.
In the last month CNBKA has a been trading in a tight range between 115.00 and 116.39.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, CNBKA also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 115.23, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
112.51
116.64
When analyzing the support we notice one important area.
- A support zone ranging from 113.65 to 115.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 115.30 to 115.49. 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 | UP | POSITIVE | The long term trend for CNBKA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CNBKA is up. |
| ChartMill Relative Strength | 74.73 | POSITIVE | CNBKA has a high relative strength, it outperformed 74.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CNBKA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CNBKA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CNBKA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.21 | NEUTRAL | The RSI value for CNBKA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CNBKA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.51 | OVERSOLD | The low Stochastics value suggests CNBKA may be oversold. |
| Average True Range in percent/ATR (20) | 0.16 | LOW VOLATILITY | The low ATR as a percentage value for CNBKA suggests low volalility. |
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 |
|---|---|---|---|
| 115.50 | 115.10 | 0.40 (0.35%) | 25.00% |
| An entry @115.50. This is a Buy Stop order right above the resistance zone. | An exit @115.10. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.40 points, which is 0.35%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.09%. |
- 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.
115.29
+0.07 (+0.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.06%
1 Week0.09%
2 Weeks0.12%
1 Month0.21%
3 Month0.64%
6 Month0.95%
12 Month47.71%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%0.16%
ATR Inc-47.28%
Range Today0.1
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.73
Mansfield-0.03
10 Day High116.39
10 Day Low115.11
20 Day High116.39
20 Day Low115
52 Week High121.32
52 Week Low73.9
CS1 End115.23
CR1 Start115.3
Volume & EV
DER(3)0.29%
DER(5)-0.41%
Volume11.30K
Volume Incr7.2%
Vol(5)5.86K
Vol(50)9.64K