Overall COLB gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, COLB is only an average performer.
Besides having an excellent technical rating, COLB also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 28.80, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
23.00
We found 4 important support areas.
- A support zone ranging from 27.77 to 28.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 25.57 to 25.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @23.83 from a horizontal line in the daily time frame.
- Support @23.23 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 29.07 to 29.36. 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 | UP | POSITIVE | The long term trend for COLB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for COLB is up. |
| ChartMill Relative Strength | 70.19 | POSITIVE | COLB has a high relative strength, it outperformed 70.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of COLB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of COLB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of COLB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.31 | NEUTRAL | The RSI value for COLB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests COLB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 76.62 | NEUTRAL | The Stochastics value for COLB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.88 | LOW VOLATILITY | The low ATR as a percentage value for COLB suggests low volalility. |
| Average Directional Index/ADX (14) | 16.51 | NEGATIVE | The low ADX value for COLB suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 29.37 | 27.53 | 1.84 (6.28%) | 15.92% |
| An entry @29.37. This is a Buy Stop order right above the resistance zone. | An exit @27.53. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.84 points, which is 6.28%. | When investing 15.92% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
29.05
-0.31 (-1.06%)
COLUMBIA BANKING SYSTEM INC / COLB FAQ
What is the technical rating for COLB stock?
ChartMill assigns a technical rating of 8 / 10 to COLB.
What is the trend direction for COLB stock?
The current trend direction for COLUMBIA BANKING SYSTEM INC (COLB) is Bullish.
What is the RSI signal for COLB stock?
COLUMBIA BANKING SYSTEM INC (COLB) has an RSI value of 58.3069. This indicates that the stock is currently neutral.
Can you provide the short term momentum for COLUMBIA BANKING SYSTEM INC?
The short term momentum for COLUMBIA BANKING SYSTEM INC (COLB) is positive.
Can you provide the buy/sell signal for COLUMBIA BANKING SYSTEM INC?
The buy/sell signal for COLUMBIA BANKING SYSTEM INC (COLB) is buy as both the short term and long term trends are positive.