Taking everything into account, CNOB scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, CNOB has proven to be a steady performer, scoring decent points in every aspect analyzed.
CNOB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
21.29
When analyzing the support we can see 4 important areas.
- Support @24.56 from a horizontal line in the daily time frame.
- A support zone ranging from 23.95 to 24.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 23.29 to 23.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @21.51 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 27.50 to 27.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @28.18 from a horizontal 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 | UP | POSITIVE | The long term trend for CNOB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CNOB is up. |
| ChartMill Relative Strength | 75.22 | POSITIVE | CNOB has a high relative strength, it outperformed 75.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CNOB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CNOB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CNOB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.93 | NEUTRAL | The RSI value for CNOB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests CNOB has a negative trend. |
| Stochastics (14,3) | 46.95 | NEUTRAL | The Stochastics value for CNOB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.59 | MEDIUM VOLATILITY | The ATR as a percentage value for CNOB suggests some volalility. |
| Average Directional Index/ADX (14) | 36.47 | POSITIVE | The high ADX value value for CNOB suggests a strong trend. |
26.92
+0.04 (+0.15%)
CONNECTONE BANCORP INC / CNOB FAQ
What is the ChartMill technical rating of CONNECTONE BANCORP INC (CNOB) stock?
ChartMill assigns a technical rating of 10 / 10 to CNOB.
What is the current trend direction of CONNECTONE BANCORP INC (CNOB) stock?
The current trend direction for CONNECTONE BANCORP INC (CNOB) is Bullish.
What is the RSI signal for CNOB stock?
CONNECTONE BANCORP INC (CNOB) has an RSI value of 55.934. This indicates that the stock is currently neutral.
What is the buy/sell signal for CONNECTONE BANCORP INC (CNOB) stock?
The buy/sell signal for CONNECTONE BANCORP INC (CNOB) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for CONNECTONE BANCORP INC (CNOB) stock?
CONNECTONE BANCORP INC (CNOB) has a support level at 24.56 and a resistance level at 27.5. Check the full technical report for our detailed analysis of CNOB support and resistance levels.