Century Bancorp Inc (CNBKA) Technical Analysis
NASDAQ:CNBKA
Current stock price
CNBKA Technical Rating and Analysis
Overall CNBKA gets a technical rating of 8 out of 10. Both in the recent history as in the last year, CNBKA has proven to be a steady performer, scoring decent points in every aspect analyzed.
- 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.
- When comparing the yearly performance of all stocks, we notice that CNBKA is one of the better performing stocks in the market, outperforming 74% of all stocks.
- 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.
- CNBKA is an average performer in the Banks industry, it outperforms 59% of 377 stocks in the same industry.
- 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.
CNBKA Weekly and Daily overview Charts
CNBKA Setup Rating and Analysis
Besides having an excellent technical rating, CNBKA also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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
CNBKA Support and Resistance Analysis
112.51
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.
We found 1 important resistance 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.
CNBKA Technical Indicator Signal Analysis
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. |
CNBKA Chart- and CandleStick Pattern Analysis
CNBKA Example Setup
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.
CNBKA Technicals: Chart, Performance Metrics, Trend & Indicators
115.29
+0.07 (+0.06%)
Century Bancorp Inc / CNBKA TA FAQ
What is the ChartMill technical rating of Century Bancorp Inc (CNBKA) stock?
ChartMill assigns a technical rating of 8 / 10 to CNBKA.
What is the current trend direction of Century Bancorp Inc (CNBKA) stock?
The current trend direction for Century Bancorp Inc (CNBKA) is Bullish.
What is the RSI signal for CNBKA stock?
Century Bancorp Inc (CNBKA) has an RSI value of 58.2136. This indicates that the stock is currently neutral.
Can you provide the short term momentum for Century Bancorp Inc?
The short term momentum for Century Bancorp Inc (CNBKA) is positive.
Can you provide the buy/sell signal for Century Bancorp Inc?
The buy/sell signal for Century Bancorp Inc (CNBKA) is buy as both the short term and long term trends are positive.