CHOICEONE FINANCIAL SVCS INC (COFS) Stock Technical Analysis
USA - NASDAQ:COFS - US1703861062 - Common Stock
29.99 USD
-0.35 (-1.15%)
29.99 USD
0 (0%)
We assign a technical rating of 3 out of 10 to COFS. COFS performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
62% of all other stocks performed better in the past year than COFS.
COFS is one of the lesser performing stocks in the Banks industry. 78% of 392 stocks in the same industry do better.
In the last month COFS has a been trading in the 29.55 - 31.34 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
COFS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so COFS is lagging the market.
Volume is considerably higher in the last couple of days.
COFS has a bad technical rating, but it does show 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 29.95, 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. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
26.24
31.48
We found 4 important support areas.
- A support zone ranging from 29.69 to 29.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 28.52 to 28.76. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 27.50 to 27.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @26.50 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 30.20 to 31.17. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for COFS is neutral. |
| ChartMill Relative Strength | 38.93 | NEUTRAL | COFS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of COFS is below 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) | 46.98 | NEUTRAL | The RSI value for COFS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests COFS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 29.38 | NEUTRAL | The Stochastics value for COFS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.93 | LOW VOLATILITY | The low ATR as a percentage value for COFS suggests low volalility. |
| Average Directional Index/ADX (14) | 16.33 | NEGATIVE | The low ADX value for COFS suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
29.99
-0.35 (-1.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.15%
1 Week-1.06%
2 Weeks-2.47%
1 Month0.81%
3 Month7.53%
6 Month5.19%
12 Month-5.39%
2 Year52.7%
3 Year38.08%
5 Year15.26%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.55
ATR(20)%1.93%
ATR Inc15.01%
Range Today0.54
ADR(20)0.56
ADR(20)%1.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS38.93
Mansfield-1.39
10 Day High30.89
10 Day Low29.55
20 Day High31.35
20 Day Low29.55
52 Week High38.15
52 Week Low24.89
CS1 End29.95
CR1 Start30.2
Volume & EV
DER(3)3.12%
DER(5)1.75%
Volume159.50K
Volume Incr65.48%
Vol(5)96.10K
Vol(50)67.10K