We assign a technical rating of 0 out of 10 to COFS. COFS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
COFS 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 26.99, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for COFS in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
26.52
When analyzing the support we notice one important area.
- A support zone ranging from 26.79 to 26.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 29.68 to 30.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 31.48 to 32.24. 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 COFS is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for COFS is down. |
| ChartMill Relative Strength | 24 | NEGATIVE | COFS has a low relative strength, it was outperformed by 76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of COFS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of COFS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of COFS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 31.03 | NEUTRAL | The RSI value for COFS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests COFS has a negative trend. |
| Stochastics (14,3) | 6.12 | OVERSOLD | The low Stochastics value suggests COFS may be oversold. |
| Average True Range in percent/ATR (20) | 3.81 | MEDIUM VOLATILITY | The ATR as a percentage value for COFS suggests some volalility. |
| Average Directional Index/ADX (14) | 25.15 | POSITIVE | The high ADX value value for COFS suggests a strong trend. |
28.12
-0.54 (-1.88%)
CHOICEONE FINANCIAL SVCS INC / COFS FAQ
Can you provide the ChartMill technical rating for CHOICEONE FINANCIAL SVCS INC?
ChartMill assigns a technical rating of 0 / 10 to COFS.
What is the current trend direction of CHOICEONE FINANCIAL SVCS INC (COFS) stock?
The current trend direction for CHOICEONE FINANCIAL SVCS INC (COFS) is Bearish.
Can you provide the RSI signal for CHOICEONE FINANCIAL SVCS INC?
CHOICEONE FINANCIAL SVCS INC (COFS) has an RSI value of 31.0266. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CHOICEONE FINANCIAL SVCS INC?
The MACD indicator for CHOICEONE FINANCIAL SVCS INC (COFS) has a value of -0.292978, indicating a bearish trend.
Can you provide the support and resistance levels for CHOICEONE FINANCIAL SVCS INC?
CHOICEONE FINANCIAL SVCS INC (COFS) has a support level at 26.99 and a resistance level at 29.68. Check the full technical report for our detailed analysis of COFS support and resistance levels.