CONNECTONE BANCORP INC (CNOB) Stock Technical Analysis
USA - NASDAQ:CNOB - US20786W1071 - Common Stock
We assign a technical rating of 4 out of 10 to CNOB. In the last year, CNOB was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
Although the technical rating is only medium, CNOB does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 24.57, a Stop Loss order could be placed below this zone.
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21.29
4 important support areas can be observed.
- A support zone ranging from 24.41 to 24.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.24 to 23.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @22.41 from a horizontal line in the daily time frame.
- Support @21.51 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 24.77 to 25.00. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 25.53 to 25.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 26.01 to 26.28. This zone is formed by a combination of multiple trend lines 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 | 42.66 | 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) | UP | MIXED | The current price of CNOB is below 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) | 49.11 | NEUTRAL | The RSI value for CNOB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests CNOB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.13 | NEUTRAL | The Stochastics value for CNOB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.31 | MEDIUM VOLATILITY | The ATR as a percentage value for CNOB suggests some volalility. |
| Average Directional Index/ADX (14) | 12.58 | NEGATIVE | The low ADX value for CNOB suggests a weak or negative trend. |
24.62
+0.54 (+2.24%)
CONNECTONE BANCORP INC / CNOB FAQ
What is the ChartMill technical rating of CONNECTONE BANCORP INC (CNOB) stock?
ChartMill assigns a technical rating of 4 / 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 Bearish.
What is the RSI signal for CNOB stock?
CONNECTONE BANCORP INC (CNOB) has an RSI value of 49.1093. This indicates that the stock is currently neutral.
What are the support and resistance levels for CONNECTONE BANCORP INC (CNOB) stock?
CONNECTONE BANCORP INC (CNOB) has a support level at 24.57 and a resistance level at 24.77. Check the full technical report for our detailed analysis of CNOB support and resistance levels.