CONNECTONE BANCORP INC (CNOB) Stock Technical Analysis
NASDAQ:CNOB - Nasdaq - US20786W1071 - Common Stock - Currency: USD
Overall CNOB gets a technical rating of 2 out of 10. CNOB has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month CNOB has a been trading in the 22.08 - 24.40 range, which is quite wide. It is currently trading near the lows of this range.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the yearly performance of all stocks, we notice that CNOB is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
CNOB is an average performer in the Banks industry, it outperforms 60% of 395 stocks in the same industry.
CNOB is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CNOB is lagging the market slightly.
Volume is considerably higher in the last couple of days.
CNOB has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
19.73
26.42
When analyzing the support we can see 3 important areas.
- A support zone ranging from 21.51 to 21.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 20.95 to 20.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.93 from a trend line in the weekly time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 22.79 to 23.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 23.81 to 24.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 24.56 to 24.78. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 25.51 to 25.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @26.16 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for CNOB is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CNOB is neutral. |
| ChartMill Relative Strength | 77.67 | POSITIVE | CNOB has a high relative strength, it outperformed 77.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CNOB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CNOB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CNOB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.35 | NEUTRAL | The RSI value for CNOB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests CNOB has a negative trend. |
| Stochastics (14,3) | 45.08 | NEUTRAL | The Stochastics value for CNOB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.72 | MEDIUM VOLATILITY | The ATR as a percentage value for CNOB suggests some volalility. |
| Average Directional Index/ADX (14) | 11.77 | NEGATIVE | The low ADX value for CNOB suggests a weak or negative 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)
22.28
-0.8 (-3.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-3.47%
1 Week-3.21%
2 Weeks-3%
1 Month-8.95%
3 Month-4.5%
6 Month-14.18%
12 Month28.34%
2 Year34.3%
3 Year-8.88%
5 Year38.21%
10 Year3.48%
15 YearN/A
Volatility
ATR(14)0.62
ATR(20)%2.72%
ATR Inc15.05%
Range Today0.87
ADR(20)0.58
ADR(20)%2.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.67
Mansfield-1
10 Day High23.8
10 Day Low22.18
20 Day High24.4
20 Day Low22.08
52 Week High29.31
52 Week Low17.07
CS1 End21.7
CR1 Start22.79
Volume & EV
DER(3)-1.31%
DER(5)-0.21%
Volume419.40K
Volume Incr50.2%
Vol(5)322.22K
Vol(50)231.30K