COLUMBIA BANKING SYSTEM INC (COLB) Stock Technical Analysis
NASDAQ:COLB - Nasdaq - US1972361026 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to COLB. COLB has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
COLB is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
COLB has an average volume of 2160630 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that COLB is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
COLB is an average performer in the Banks industry, it outperforms 44% of 394 stocks in the same industry.
COLB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so COLB is lagging the market.
COLB has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 25.33. Right above this resistance zone may be a good entry point.
More info and screens
21.42
25.93
When analyzing the support we can see 5 important areas.
- A support zone ranging from 23.74 to 23.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.91 from a trend line in the weekly time frame.
- A support zone ranging from 22.42 to 22.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @21.99 from a horizontal line in the daily time frame.
- Support @21.64 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 25.33 to 25.67. 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 COLB is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for COLB is up. |
| ChartMill Relative Strength | 73.76 | POSITIVE | COLB has a high relative strength, it outperformed 73.76% 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) | DOWN | NEGATIVE | The current price of COLB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.63 | NEUTRAL | The RSI value for COLB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests COLB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.61 | OVERBOUGHT | The high Stochastics value suggests COLB may be overbought. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for COLB suggests some volalility. |
| Average Directional Index/ADX (14) | 22.53 | NEUTRAL | The ADX value for COLB 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)
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 |
|---|---|---|---|
| 25.68 | 23.73 | 1.95 (7.59%) | 13.17% |
| An entry @25.68. This is a Buy Stop order right above the resistance zone. | An exit @23.73. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.95 points, which is 7.59%. | When investing 13.17% 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.
24.75
-0.43 (-1.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.71%
1 Week-3.13%
2 Weeks5.14%
1 Month4.61%
3 Month18.76%
6 Month-5.71%
12 Month15.44%
2 Year10.74%
3 Year-17.96%
5 Year-14.45%
10 Year-24.52%
15 Year35.39%
Volatility
ATR(14)0.64
ATR(20)%2.55%
ATR Inc-20.7%
Range Today0.33
ADR(20)0.6
ADR(20)%2.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.76
Mansfield-1.09
10 Day High25.71
10 Day Low23.14
20 Day High25.71
20 Day Low21.91
52 Week High32.85
52 Week Low19.61
CS1 End23.98
CR1 Start25.33
Volume & EV
DER(3)1.98%
DER(5)1.55%
Volume3.58M
Volume Incr9.37%
Vol(5)2.58M
Vol(50)2.16M