CHOICEONE FINANCIAL SVCS INC (COFS) Stock Technical Analysis
NASDAQ:COFS - Nasdaq - US1703861062 - Common Stock - Currency: USD
Overall COFS gets a technical rating of 3 out of 10. 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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
COFS is part of the Banks industry. There are 396 other stocks in this industry, of which 68% are performing better than COFS.
When compared to the yearly performance of all other stocks, COFS outperforms 59% 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 trading in the upper part of its 52 week range, so COFS is lagging the market slightly.
In the last month COFS has a been trading in the 28.20 - 30.73 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of COFS is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
24.93
30.82
2 important support areas can be observed.
- Support @26.10 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 29.32 to 29.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 30.38 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 | DOWN | NEGATIVE | The long term trend for COFS is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for COFS is neutral. |
| ChartMill Relative Strength | 59.31 | 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 | POSITIVE | The current price of COFS is above the rising 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) | 51.61 | NEUTRAL | The RSI value for COFS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests COFS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.13 | OVERSOLD | The low Stochastics value suggests COFS may be oversold. |
| Average True Range in percent/ATR (20) | 2.1 | MEDIUM VOLATILITY | The ATR as a percentage value for COFS suggests some volalility. |
| Average Directional Index/ADX (14) | 20.06 | NEUTRAL | The ADX value for COFS suggests a possible start of a new 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)
29.31
+0.82 (+2.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg2.88%
1 Week-0.91%
2 Weeks-1.01%
1 Month0.76%
3 Month-4.25%
6 Month-21.86%
12 Month13.69%
2 Year27.43%
3 Year45.53%
5 Year-0.85%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.63
ATR(20)%2.1%
ATR Inc57.31%
Range Today0.71
ADR(20)0.56
ADR(20)%1.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.31
Mansfield-0.87
10 Day High30.25
10 Day Low28.2
20 Day High30.74
20 Day Low28.2
52 Week High38.15
52 Week Low24.57
CS1 End26.1
CR1 Start29.32
Volume & EV
DER(3)-2.96%
DER(5)-2.14%
Volume121.60K
Volume Incr-0.38%
Vol(5)65.50K
Vol(50)66.69K