ConnectOne Bancorp Technical Analysis (NASDAQ:CNOB)

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$23.5 $0.5 (2.17%) CNOB stock closing price Sep 22, 2017 (Closing)

Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. When a chart pattern that can predict future ConnectOne Bancorp stock price movements is formed, the CNOB stock chart can become a key tool for a technical analyst.

View technical indicators like moving averages (SMA and EMA), and bollinger bands for ConnectOne Bancorp. Technical analysis uses an approach for ConnectOne Bancorp stock analysis that does not care for the fair "value" of a company but uses price and volume data only.

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ConnectOne Bancorp Moving Average:

Moving averages help predict the price direction of CNOB stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. One needs to choose the duration of a moving average depending on the investment objective and investment horizon. For periods greater than 100, it takes a larger and longer CNOB stock price movement for the moving average to change course.  

ConnectOne Bancorp Bollinger Bands:

Bollinger bands comprise of a center line usually CNOB SMA, and two CNOB stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band.   ConnectOne Bancorp bollinger bands show that the stock price is $23, upper band is 11.52, lower band is 10.96, and the average is 11.24.

ConnectOne Bancorp Moving Average Convergence Divergence or MACD:

Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up.   The ConnectOne Bancorp MACD indicator can be used to identify bullish and bearish trends for the stock.

ConnectOne Bancorp Relative Strength Index:

The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. If the RSI of CNOB stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .