Overall COLB gets a technical rating of 8 out of 10. Although COLB is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, COLB also presents 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 support zone below the current price at 27.81, a Stop Loss order could be placed below this zone.
More info and screens
22.88
We found 5 important support areas.
- A support zone ranging from 27.24 to 27.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 25.34 to 25.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.32 from a horizontal line in the weekly time frame.
- Support @23.83 from a horizontal line in the daily time frame.
- Support @23.11 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 28.88 to 29.26. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 63.55 | NEUTRAL | COLB is not amongst the best or worst performers 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) | 55.57 | NEUTRAL | The RSI value for COLB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests COLB has a negative trend. |
| Stochastics (14,3) | 38.07 | NEUTRAL | The Stochastics value for COLB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.89 | LOW VOLATILITY | The low ATR as a percentage value for COLB suggests low volalility. |
| Average Directional Index/ADX (14) | 21.18 | NEUTRAL | The ADX value for COLB suggests a possible start of a new 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 |
|---|---|---|---|
| 29.27 | 28.46 | 0.81 (2.77%) | 25.00% |
| An entry @29.27. This is a Buy Stop order right above the resistance zone. | An exit @28.46. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.81 points, which is 2.77%. | For a 0.69% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
28.59
-0.03 (-0.1%)
COLUMBIA BANKING SYSTEM INC / COLB FAQ
What is the ChartMill technical rating of COLUMBIA BANKING SYSTEM INC (COLB) stock?
ChartMill assigns a technical rating of 8 / 10 to COLB.
Can you provide the trend direction for COLUMBIA BANKING SYSTEM INC?
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 55.5668. This indicates that the stock is currently neutral.
What is the MACD signal for COLB stock?
The MACD indicator for COLUMBIA BANKING SYSTEM INC (COLB) has a value of -0.104693, indicating a bearish trend.
What is the buy/sell signal for COLUMBIA BANKING SYSTEM INC (COLB) stock?
The buy/sell signal for COLUMBIA BANKING SYSTEM INC (COLB) is buy as both the short term and long term trends are positive.