CHOICEONE FINANCIAL SVCS INC (COFS) Stock Technical Analysis
NASDAQ:COFS - Nasdaq - US1703861062 - Common Stock - Currency: USD
Taking everything into account, COFS scores 3 out of 10 in our technical rating. COFS has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month COFS has a been trading in the 28.41 - 31.05 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the performance of all stocks over the past year, COFS turns out to be only a medium performer in the overall market: it outperformed 47% of all stocks.
COFS is an average performer in the Banks industry, it outperforms 41% of 393 stocks in the same industry.
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.
Considerably lower volume is observed 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. There is a support zone below the current price at 28.52, a Stop Loss order could be placed below this zone.
More info and screens
24.93
30.82
We found 4 important support areas.
- Support @28.52 from a horizontal line in the daily time frame.
- Support @27.13 from a trend line in the weekly time frame.
- Support @26.16 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.
We can see 2 important resistance areas.
- A resistance zone ranging from 29.14 to 29.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 29.89 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 | 47.7 | NEUTRAL | COFS is not amongst the best or worst performers 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) | 45.73 | NEUTRAL | The RSI value for COFS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests COFS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.58 | OVERSOLD | The low Stochastics value suggests COFS may be oversold. |
| Average True Range in percent/ATR (20) | 2.71 | MEDIUM VOLATILITY | The ATR as a percentage value for COFS suggests some volalility. |
| Average Directional Index/ADX (14) | 11.59 | 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)
28.83
+0.37 (+1.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.3%
1 Week0.42%
2 Weeks-5.04%
1 Month-2.63%
3 Month-0.62%
6 Month-13.29%
12 Month7.57%
2 Year19.93%
3 Year32.95%
5 Year1.12%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.83
ATR(20)%2.71%
ATR Inc60.82%
Range Today1.34
ADR(20)0.74
ADR(20)%2.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.7
Mansfield-1.5
10 Day High30.67
10 Day Low28.42
20 Day High31.05
20 Day Low28.42
52 Week High38.15
52 Week Low24.89
CS1 End28.52
CR1 Start29.14
Volume & EV
DER(3)0.77%
DER(5)2.19%
Volume31.30K
Volume Incr-40.44%
Vol(5)45.40K
Vol(50)113.17K