COLUMBIA BANKING SYSTEM INC (COLB) Stock Technical Analysis
NASDAQ:COLB - US1972361026 - Common Stock
26.97 USD
+1.65 (+6.52%)
26.7201 USD
-0.25 (-0.93%)
We assign a technical rating of 7 out of 10 to COLB. In the last year, COLB was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
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.
In the last month COLB has a been trading in the 22.77 - 27.03 range, which is quite wide. It is currently trading near the high of this range.
COLB has an average volume of 2502040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, COLB turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.
COLB is an average performer in the Banks industry, it outperforms 55% of 393 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.
Although COLB has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
21.79
27.24
When analyzing the support we can see 6 important areas.
- A support zone ranging from 26.40 to 26.73. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 24.27 to 24.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.82 from a trend line in the weekly time frame.
- A support zone ranging from 23.26 to 23.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @22.42 from a horizontal line in the daily time frame.
- Support @22.01 from a trend line in the weekly time frame.
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 | 66.28 | 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) | DOWN | MIXED | The current price of COLB is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 67.3 | NEUTRAL | The RSI value for COLB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests COLB has a positive trend. |
| Stochastics (14,3) | 81.15 | OVERBOUGHT | The high Stochastics value suggests COLB may be overbought. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for COLB suggests some volalility. |
| Average Directional Index/ADX (14) | 18.8 | NEGATIVE | The low ADX value for COLB 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)
26.97
+1.65 (+6.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg6.52%
1 Week5.19%
2 Weeks12.05%
1 Month8.66%
3 Month14.33%
6 Month1.74%
12 Month8.01%
2 Year31.69%
3 Year-9.95%
5 Year-3.37%
10 Year-11.02%
15 Year51.43%
Volatility
ATR(14)0.7
ATR(20)%2.6%
ATR Inc64.29%
Range Today1.62
ADR(20)0.67
ADR(20)%2.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.28
Mansfield-0.48
10 Day High27.03
10 Day Low23.95
20 Day High27.03
20 Day Low22.77
52 Week High32.85
52 Week Low19.61
CS1 End26.73
CR1 StartN/A
Volume & EV
DER(3)2.21%
DER(5)3.09%
Volume4.29M
Volume Incr-7.62%
Vol(5)2.41M
Vol(50)2.50M