CONNECTONE BANCORP INC (CNOB) Stock Technical Analysis
NASDAQ:CNOB - Nasdaq - US20786W1071 - Common Stock - Currency: USD
Overall CNOB gets a technical rating of 0 out of 10. CNOB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, CNOB is a bad performer in the overall market: 66% of all stocks are doing better.
CNOB is one of the lesser performing stocks in the Banks industry. 72% of 392 stocks in the same industry do better.
CNOB is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month CNOB has a been trading in the 22.07 - 25.60 range, which is quite wide. It is currently trading near the lows of this range.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
CNOB has a poor technical rating and the quality of the setup is also only medium 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
20.12
25.79
We found 4 important support areas.
- A support zone ranging from 22.32 to 22.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @21.51 from a horizontal line in the daily time frame.
- 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 @20.32 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 24.87 to 25.53. 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 | NEUTRAL | NEUTRAL | The long term trend for CNOB is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CNOB is down. |
| ChartMill Relative Strength | 34.96 | NEUTRAL | CNOB is not amongst the best or worst performers 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) | 40.61 | NEUTRAL | The RSI value for CNOB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests CNOB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.47 | NEUTRAL | The Stochastics value for CNOB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.96 | MEDIUM VOLATILITY | The ATR as a percentage value for CNOB suggests some volalility. |
| Average Directional Index/ADX (14) | 25.76 | POSITIVE | The high ADX value value for CNOB 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)
22.83
+0.14 (+0.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.62%
1 Week2.65%
2 Weeks-5.86%
1 Month-8.09%
3 Month-4.87%
6 Month-15.29%
12 Month5.06%
2 Year19.4%
3 Year-8.79%
5 Year50.99%
10 Year19.22%
15 YearN/A
Volatility
ATR(14)0.73
ATR(20)%2.96%
ATR Inc-27.95%
Range Today0.44
ADR(20)0.67
ADR(20)%2.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS34.96
Mansfield-1.36
10 Day High24.72
10 Day Low22.07
20 Day High25.6
20 Day Low22.07
52 Week High29.31
52 Week Low20.61
CS1 End22.41
CR1 Start24.87
Volume & EV
DER(3)1.45%
DER(5)2.02%
Volume203.78K
Volume Incr-28.18%
Vol(5)256.68K
Vol(50)331.32K