CONNECTONE BANCORP INC (CNOB) Technical Analysis
NASDAQ:CNOB • US20786W1071
We assign a technical rating of 1 out of 10 to CNOB. 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.
- CNOB is part of the Banks industry. There are 379 other stocks in this industry, of which 66% are performing better than CNOB.
- In the last month CNOB has a been trading in the 25.80 - 28.79 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When comparing the performance of all stocks over the past year, CNOB turns out to be only a medium performer in the overall market: it outperformed 50% of all stocks.
- CNOB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CNOB is lagging the market.
CNOB has a bad technical rating, but it does show 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 26.02, a Stop Loss order could be placed below this zone.
More info and screens
21.29
When analyzing the support we can see 4 important areas.
- A support zone ranging from 25.68 to 26.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 24.37 to 24.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @23.29 from a horizontal line in the daily time frame.
- Support @21.51 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- Resistance @26.12 from a horizontal line in the daily time frame.
- A resistance zone ranging from 26.79 to 27.41. 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.
- A resistance zone ranging from 28.67 to 28.76. 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 | 50.71 | 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) | UP | POSITIVE | The current price of CNOB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.21 | NEUTRAL | The RSI value for CNOB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests CNOB has a negative trend. |
| Stochastics (14,3) | 22.55 | NEUTRAL | The Stochastics value for CNOB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.55 | MEDIUM VOLATILITY | The ATR as a percentage value for CNOB suggests some volalility. |
| Average Directional Index/ADX (14) | 10.54 | NEGATIVE | The low ADX value for CNOB suggests a weak or negative trend. |
CNOB Technicals: Chart, Performance Metrics, Trend & Indicators
26.03
-0.58 (-2.18%)
CONNECTONE BANCORP INC / CNOB FAQ
What is the ChartMill technical rating of CONNECTONE BANCORP INC (CNOB) stock?
ChartMill assigns a technical rating of 1 / 10 to CNOB.
What is the trend direction for 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 39.2073. This indicates that the stock is currently neutral.
What is the MACD signal for CNOB stock?
The MACD indicator for CONNECTONE BANCORP INC (CNOB) has a value of -0.180548, indicating a bearish trend.
Can you provide the short term momentum for CONNECTONE BANCORP INC?
The short term momentum for CONNECTONE BANCORP INC (CNOB) is negative.