CHOICEONE FINANCIAL SVCS INC (COFS) Stock Technical Analysis
USA - NASDAQ:COFS - US1703861062 - Common Stock
Overall COFS gets a technical rating of 4 out of 10. In the last year, COFS was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, COFS does present a nice setup opportunity. 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. There is a resistance zone just above the current price starting at 30.14. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 29.18, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
26.19
When analyzing the support we can see 2 important areas.
- A support zone ranging from 28.52 to 29.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 26.45 to 26.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 30.14 to 31.17. 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 | UP | POSITIVE | The short term trend for COFS is up. |
| ChartMill Relative Strength | 21.41 | NEGATIVE | COFS has a low relative strength, it was outperformed by 78.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of COFS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of COFS is above 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) | 54.9 | NEUTRAL | The RSI value for COFS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests COFS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 48.31 | NEUTRAL | The Stochastics value for COFS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.57 | MEDIUM VOLATILITY | The ATR as a percentage value for COFS suggests some volalility. |
| Average Directional Index/ADX (14) | 16.56 | NEGATIVE | The low ADX value for COFS suggests a weak or negative trend. |
29.44
+0.15 (+0.51%)
CHOICEONE FINANCIAL SVCS INC / COFS FAQ
What is the technical rating for COFS stock?
ChartMill assigns a technical rating of 4 / 10 to COFS.
Can you provide the trend direction for CHOICEONE FINANCIAL SVCS INC?
The current trend direction for CHOICEONE FINANCIAL SVCS INC (COFS) is Bearish.
What is the RSI signal for COFS stock?
CHOICEONE FINANCIAL SVCS INC (COFS) has an RSI value of 54.9036. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for CHOICEONE FINANCIAL SVCS INC?
CHOICEONE FINANCIAL SVCS INC (COFS) has a support level at 29.18 and a resistance level at 30.14. Check the full technical report for our detailed analysis of COFS support and resistance levels.