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.
The technical rating of COFS is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
26.53
We found 1 important support area.
- A support zone ranging from 26.80 to 27.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 28.97 to 29.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @31.37 from a trend line in the weekly time frame.
- Resistance @31.90 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The long term trend for COFS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for COFS is down. |
| ChartMill Relative Strength | 22.97 | NEGATIVE | COFS has a low relative strength, it was outperformed by 77.03% 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) | 29.22 | OVERSOLD | The low RSI value suggests COFS may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.3 | NEGATIVE | The MACD value suggests COFS has a negative trend. |
| Stochastics (14,3) | 4.63 | OVERSOLD | The low Stochastics value suggests COFS may be oversold. |
| Average True Range in percent/ATR (20) | 3.86 | MEDIUM VOLATILITY | The ATR as a percentage value for COFS suggests some volalility. |
| Average Directional Index/ADX (14) | 25.07 | POSITIVE | The high ADX value value for COFS suggests a strong trend. |
27.83
-0.29 (-1.03%)
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 29.2246. This indicates that the stock is currently oversold.
Can you provide the MACD signal for CHOICEONE FINANCIAL SVCS INC?
The MACD indicator for CHOICEONE FINANCIAL SVCS INC (COFS) has a value of -0.299968, 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 27.05 and a resistance level at 28.97. Check the full technical report for our detailed analysis of COFS support and resistance levels.