Century Bancorp Inc (CNBKA) Stock Technical Analysis
USA - NASDAQ:CNBKA -
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.
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. Another positive sign is the recent Pocket Pivot signal.
- 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
We found 1 important support 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.
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. |
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 worst case loss on the trade is limited to 0.40 points, which is 0.35%. | For a 0.09% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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%)
Century Bancorp Inc / CNBKA FAQ
What is the ChartMill technical rating of Century Bancorp Inc (CNBKA) stock?
ChartMill assigns a technical rating of 8 / 10 to CNBKA.
Can you provide the trend direction for Century Bancorp Inc?
The current trend direction for Century Bancorp Inc (CNBKA) is Bullish.
Can you provide the RSI signal for Century Bancorp Inc?
Century Bancorp Inc (CNBKA) has an RSI value of 58.2136. This indicates that the stock is currently neutral.
What is the MACD signal for Century Bancorp Inc (CNBKA) stock?
The MACD indicator for Century Bancorp Inc (CNBKA) has a value of -0.00918537, indicating a bearish trend.
What is the buy/sell signal for CNBKA stock?
The buy/sell signal for Century Bancorp Inc (CNBKA) is buy as both the short term and long term trends are positive.