Technical Analysis for COFS - ChoiceOne Financial Services, Inc.

Grade Last Price % Change Price Change
D 25.17 -2.25% -0.58
COFS closed down 2.25 percent on Tuesday, May 7, 2024, on 4.84 times normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
Earnings due: May 29
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Up

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish 0.00%
Stochastic Sell Signal Bearish 0.00%
Volume Surge Other 0.00%
Overbought Stochastic Strength 0.00%
50 DMA Support Bullish -2.25%
Spinning Top Other -2.25%
Outside Day Range Expansion -2.25%
Overbought Stochastic Strength -2.25%
Gapped Down Weakness -2.25%
MACD Bullish Centerline Cross Bullish -2.21%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakdown about 15 hours ago
Down 3% about 15 hours ago
Fell Below 50 DMA about 15 hours ago
Fell Below Previous Day's Low about 15 hours ago
Down 2 % about 15 hours ago

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Profile

ChoiceOne Financial Services, Inc. Description

ChoiceOne Financial Services, Inc. operates as the bank holding company for ChoiceOne Bank that provides community banking services to corporations, partnerships, and individuals in Michigan. The company offers various deposit products, including time, savings, checking, and demand deposits, as well as certificates of deposit. It also provides commercial loans, such as business, industry, agricultural, construction, inventory, and real estate loans; and consumer loans comprising direct and indirect loans to consumers and purchasers of residential and real properties. In addition, the company offers safe deposit and automated transaction machine services; and alternative investment products, including annuities and mutual funds, as well as sells insurance policies, such as life and health for commercial and consumer clients. It operates 14 full-service offices in Kent, Ottawa, Muskegon, and Newaygo counties in Michigan. The company was founded in 1898 and is headquartered in Sparta, Michigan.


Classification

Sector: Financial Services
Industry: Banks - Regional
Keywords: Bank Deposit Products Real Estate Loans Demand Deposit Investment Product Insurance Policies Community Banking Services Muskeg

Is COFS a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 31.8128
52 Week Low 15.5395
Average Volume 9,320
200-Day Moving Average 24.30
50-Day Moving Average 25.30
20-Day Moving Average 24.16
10-Day Moving Average 25.00
Average True Range 1.28
RSI (14) 51.69
ADX 13.07
+DI 21.14
-DI 16.98
Chandelier Exit (Long, 3 ATRs) 22.43
Chandelier Exit (Short, 3 ATRs) 25.36
Upper Bollinger Bands 26.47
Lower Bollinger Band 21.85
Percent B (%b) 0.72
BandWidth 19.11
MACD Line 0.11
MACD Signal Line -0.13
MACD Histogram 0.2404
Fundamentals Value
Market Cap 189.99 Million
Num Shares 7.55 Million
EPS 2.82
Price-to-Earnings (P/E) Ratio 8.93
Price-to-Sales 2.45
Price-to-Book 1.03
PEG Ratio 0.00
Dividend 1.04
Dividend Yield 4.13%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 27.09
Resistance 3 (R3) 27.23 26.73 26.77
Resistance 2 (R2) 26.73 26.24 26.66 26.66
Resistance 1 (R1) 25.95 25.94 25.70 25.81 26.56
Pivot Point 25.45 25.45 25.33 25.38 25.45
Support 1 (S1) 24.67 24.96 24.42 24.53 23.78
Support 2 (S2) 24.17 24.66 24.10 23.68
Support 3 (S3) 23.39 24.17 23.57
Support 4 (S4) 23.25