CHOICEONE FINANCIAL SVCS INC (COFS) Technical Analysis
NASDAQ:COFS • US1703861062
Current stock price
COFS Technical Rating and Analysis
Overall COFS gets a technical rating of 0 out of 10. COFS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, COFS is a bad performer in the overall market: 76% of all stocks are doing better.
- COFS is one of the lesser performing stocks in the Banks industry. 89% of 381 stocks in the same industry do better.
- COFS is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so COFS is lagging the market.
- In the last month COFS has a been trading in the 27.00 - 29.96 range, which is quite wide. It is currently trading near the lows of this range.
COFS Weekly and Daily overview Charts
COFS Setup Rating and Analysis
Although the technical rating is bad, COFS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. We notice that large players showed an interest for COFS in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
COFS Support and Resistance Analysis
26.98
3 important resistance areas can be observed.
- Resistance @27.28 from a trend line in the weekly time frame.
- A resistance zone ranging from 28.40 to 29.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 30.33 to 30.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
COFS Technical Indicator Signal Analysis
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 | 24.06 | NEGATIVE | COFS has a low relative strength, it was outperformed by 75.94% 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) | 35.25 | NEUTRAL | The RSI value for COFS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests COFS has a negative trend. |
| Stochastics (14,3) | 15.01 | OVERSOLD | The low Stochastics value suggests COFS may be oversold. |
| Average True Range in percent/ATR (20) | 3.53 | MEDIUM VOLATILITY | The ATR as a percentage value for COFS suggests some volalility. |
| Average Directional Index/ADX (14) | 14.51 | NEGATIVE | The low ADX value for COFS suggests a weak or negative trend. |
COFS Chart- and CandleStick Pattern Analysis
COFS Technicals: Chart, Performance Metrics, Trend & Indicators
27.25
-0.47 (-1.7%)
CHOICEONE FINANCIAL SVCS INC / COFS TA 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 35.2523. 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 -0.184919, indicating a bearish trend.
Can you provide the support and resistance levels for CHOICEONE FINANCIAL SVCS INC?
CHOICEONE FINANCIAL SVCS INC (COFS) has a resistance level at 27.28. Check the full technical report for our detailed analysis of COFS support and resistance levels.