CHOICEONE FINANCIAL SVCS INC (COFS) Stock Technical Analysis
NASDAQ:COFS • US1703861062
Overall COFS gets a technical rating of 1 out of 10. 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.
- When comparing the yearly performance of all stocks, COFS is a bad performer in the overall market: 77% of all stocks are doing better.
- COFS is part of the Banks industry. There are 381 other stocks in this industry, of which 92% are performing better than COFS.
- In the last month COFS has a been trading in the 27.91 - 31.50 range, which is quite wide. It is currently trading near the lows of this range.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- 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.
Although the technical rating is bad, COFS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
27.04
We found 2 important support areas.
- Support @28.21 from a trend line in the daily time frame.
- Support @27.31 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 29.00 to 29.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @30.84 from a trend line in the weekly time frame.
- A resistance zone ranging from 31.90 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 | 23.4 | NEGATIVE | COFS has a low relative strength, it was outperformed by 76.6% off all stocks 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 | NEGATIVE | The current price of COFS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of COFS is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.88 | NEUTRAL | The RSI value for COFS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests COFS has a negative trend. |
| Stochastics (14,3) | 21.37 | NEUTRAL | The Stochastics value for COFS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.82 | MEDIUM VOLATILITY | The ATR as a percentage value for COFS suggests some volalility. |
| Average Directional Index/ADX (14) | 14.93 | NEGATIVE | The low ADX value for COFS suggests a weak or negative trend. |
28.74
-0.02 (-0.07%)
CHOICEONE FINANCIAL SVCS INC / COFS FAQ
Can you provide the ChartMill technical rating for CHOICEONE FINANCIAL SVCS INC?
ChartMill assigns a technical rating of 1 / 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 43.8759. 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 -0.0661463, 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 28.21 and a resistance level at 29. Check the full technical report for our detailed analysis of COFS support and resistance levels.