Overall CNOB gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CNOB is only an average performer.
- CNOB is part of the Banks industry. There are 383 other stocks in this industry, of which 67% are performing better than CNOB.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- CNOB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CNOB is lagging the market slightly.
- 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 60% of all stocks.
- In the last month CNOB has a been trading in the 25.67 - 29.28 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, CNOB also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 27.16, a Stop Loss order could be placed below this zone.
More info and screens
21.29
We found 6 important support areas.
- A support zone ranging from 26.51 to 27.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 25.72 to 25.89. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 24.54 to 24.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.08 from a trend line in the daily time frame.
- Support @23.46 from a horizontal line in the weekly time frame.
- Support @21.51 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 27.81 to 27.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @28.76 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 | NEUTRAL | NEUTRAL | The short term trend for CNOB is neutral. |
| ChartMill Relative Strength | 60.98 | NEUTRAL | CNOB is not amongst the best or worst performers 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) | 53.77 | NEUTRAL | The RSI value for CNOB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests CNOB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 40.01 | NEUTRAL | The Stochastics value for CNOB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.04 | MEDIUM VOLATILITY | The ATR as a percentage value for CNOB suggests some volalility. |
| Average Directional Index/ADX (14) | 17.01 | NEGATIVE | The low ADX value for CNOB suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 27.95 | 26.50 | 1.45 (5.19%) | 19.28% |
| An entry @27.95. This is a Buy Stop order right above the resistance zone. | An exit @26.50. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.45 points, which is 5.19%. | For a 1.00% total portfolio risk, you can invest 19.28% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
27.53
+0.22 (+0.81%)
CONNECTONE BANCORP INC / CNOB FAQ
What is the ChartMill technical rating of CONNECTONE BANCORP INC (CNOB) stock?
ChartMill assigns a technical rating of 7 / 10 to CNOB.
What is the trend direction for 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 53.7718. 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 -0.0508022, 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 neutral.