We assign a technical rating of 7 out of 10 to COFS. Although COFS is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
COFS has an excellent technical rating and 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.
More info and screens
26.39
3 important support areas can be observed.
- A support zone ranging from 30.80 to 30.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 28.52 to 28.60. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 26.66 to 26.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 31.90 to 31.96. 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 COFS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for COFS is up. |
| ChartMill Relative Strength | 33.4 | NEUTRAL | COFS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of COFS is above 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 | POSITIVE | The current price of COFS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.56 | NEUTRAL | The RSI value for COFS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests COFS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 50.09 | NEUTRAL | The Stochastics value for COFS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.45 | MEDIUM VOLATILITY | The ATR as a percentage value for COFS suggests some volalility. |
| Average Directional Index/ADX (14) | 39.26 | POSITIVE | The high ADX value value for COFS suggests a strong trend. |
31.85
-0.09 (-0.28%)
CHOICEONE FINANCIAL SVCS INC / COFS FAQ
What is the technical rating for COFS stock?
ChartMill assigns a technical rating of 7 / 10 to COFS.
Can you provide the trend direction for CHOICEONE FINANCIAL SVCS INC?
The current trend direction for CHOICEONE FINANCIAL SVCS INC (COFS) is Bullish.
What is the RSI signal for COFS stock?
CHOICEONE FINANCIAL SVCS INC (COFS) has an RSI value of 65.563. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for CHOICEONE FINANCIAL SVCS INC?
The buy/sell signal for CHOICEONE FINANCIAL SVCS INC (COFS) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for CHOICEONE FINANCIAL SVCS INC?
CHOICEONE FINANCIAL SVCS INC (COFS) has a support level at 30.93 and a resistance level at 31.9. Check the full technical report for our detailed analysis of COFS support and resistance levels.