CHOICEONE FINANCIAL SVCS INC (COFS) Stock Technical Analysis
NASDAQ:COFS - Nasdaq - US1703861062 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to COFS. In the past year, COFS was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
COFS is one of the lesser performing stocks in the Banks industry. 64% of 394 stocks in the same industry do better.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, COFS outperforms 54% of them, which is more or less in line with the market.
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.
In the last month COFS has a been trading in the 27.18 - 30.69 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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. There is a support zone below the current price at 29.23, a Stop Loss order could be placed below this zone.
More info and screens
24.93
30.82
3 important support areas can be observed.
- A support zone ranging from 28.52 to 29.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @26.78 from a trend line in the weekly time frame.
- A support zone ranging from 25.18 to 25.18. 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 29.27 to 29.73. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 30.38 to 30.51. 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 | NEUTRAL | NEUTRAL | The short term trend for COFS is neutral. |
| ChartMill Relative Strength | 54.45 | 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) | UP | MIXED | The current price of COFS is below the rising 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) | 49.42 | NEUTRAL | The RSI value for COFS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests COFS has a negative trend. |
| Stochastics (14,3) | 23.39 | NEUTRAL | The Stochastics value for COFS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.53 | MEDIUM VOLATILITY | The ATR as a percentage value for COFS suggests some volalility. |
| Average Directional Index/ADX (14) | 15.46 | 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)
NASDAQ:COFS (7/18/2025, 1:41:53 PM)
29.26
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0%
1 Week-2.95%
2 Weeks-2.21%
1 Month6.4%
3 Month10.88%
6 Month-15.65%
12 Month6.48%
2 Year20.66%
3 Year39.47%
5 Year2.67%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.73
ATR(20)%2.53%
ATR Inc-16.43%
Range Today0.34
ADR(20)0.73
ADR(20)%2.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS54.45
Mansfield-1.29
10 Day High30.69
10 Day Low28.46
20 Day High30.69
20 Day Low27.18
52 Week High38.15
52 Week Low24.89
CS1 End29.23
CR1 Start29.27
Volume & EV
DER(3)-3.38%
DER(5)-1.86%
Volume24.80K
Volume Incr-55.53%
Vol(5)79.60K
Vol(50)113.79K