COLUMBIA BANKING SYSTEM INC. - Daily - Technical analysis published on 08/01/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 36.69 USD
My targets
38.05 USD (+0.90%)
40.21 USD (+6.63%)
My analysis
The bullish trend is currently very strong on COLUMBIA BANKING SYSTEM INC.. As long as the price remains above the support at 36.69 USD, you could try to benefit from the boom. The first bullish objective is located at 38.05 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 40.21 USD as an objective. Crossing it would then enable buyers to target 45.10 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The COLUMBIA BANKING SYSTEM INC. price is 37.71 USD. The price registered an increase of +0.27% on the session and was between 37.37 USD and 38.23 USD. This implies that the price is at +0.91% from its lowest and at -1.36% from its highest.37.37
38.23
37.71
The Central Gaps scanner detects a bullish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of COLUMBIA BANKING SYSTEM INC. indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 16 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 33.29 | 35.77 | 36.69 | 37.71 | 38.05 | 40.21 | 45.10 |
| Change (%) | -11.72% | -5.14% | -2.70% | - | +0.90% | +6.63% | +19.60% |
| Change | -4.42 | -1.94 | -1.02 | - | +0.34 | +2.50 | +7.39 |
| Level | Major | Major | Major | - | Intermediate | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 35.97 | 36.36 | 36.98 | 37.37 | 37.99 | 38.38 | 39.00 |
| Camarilla | 37.33 | 37.43 | 37.52 | 37.61 | 37.70 | 37.80 | 37.89 |
| Woodie | 36.10 | 36.42 | 37.11 | 37.43 | 38.12 | 38.44 | 39.13 |
| Fibonacci | 36.36 | 36.74 | 36.98 | 37.37 | 37.75 | 37.99 | 38.38 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33.04 | 34.00 | 35.67 | 36.63 | 38.30 | 39.26 | 40.93 |
| Camarilla | 36.62 | 36.86 | 37.10 | 37.34 | 37.58 | 37.82 | 38.06 |
| Woodie | 33.40 | 34.18 | 36.03 | 36.81 | 38.66 | 39.44 | 41.29 |
| Fibonacci | 34.00 | 35.01 | 35.63 | 36.63 | 37.64 | 38.26 | 39.26 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.93 | 31.41 | 33.80 | 35.28 | 37.67 | 39.15 | 41.54 |
| Camarilla | 35.12 | 35.47 | 35.83 | 36.18 | 36.54 | 36.89 | 37.24 |
| Woodie | 30.38 | 31.64 | 34.25 | 35.51 | 38.12 | 39.38 | 41.99 |
| Fibonacci | 31.41 | 32.89 | 33.81 | 35.28 | 36.76 | 37.68 | 39.15 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 63.30 | |
| MACD (12,26,9): | 0.4700 | |
| Directional Movement: | 14.16 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 36.92 | |
| Parabolic SAR (0,02-0,02-0,2): | 35.57 | |
| Elder Ray (13): | 1.15 | |
| Super Trend (3,10): | 35.26 | |
| Zig ZAG (10): | 37.71 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 85.80 | |
| TEMA (21): | 37.25 | |
| Williams %R (14): | -15.90 | |
| Chande Momentum Oscillator (20): | 2.35 | |
| Repulse (5,40,3): | 2.6900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 5.07 |
| MA7: | 37.01 | |
| MA20: | 36.25 | |
| MA50: | 35.54 | |
| MA100: | 35.30 | |
| MAexp7: | 37.06 | |
| MAexp20: | 36.38 | |
| MAexp50: | 35.92 | |
| MAexp100: | 35.92 | |
| Price / MA7: | +1.89% | |
| Price / MA20: | +4.03% | |
| Price / MA50: | +6.11% | |
| Price / MA100: | +6.83% | |
| Price / MAexp7: | +1.75% | |
| Price / MAexp20: | +3.66% | |
| Price / MAexp50: | +4.98% | |
| Price / MAexp100: | +4.98% |
News
The latest news and videos published on COLUMBIA BANKING SYSTEM INC. at the time of the analysis were as follows:
- Columbia Banking System Announces Second Quarter 2019 Results, and Quarterly Cash Dividend
- Columbia Bank Taps Veteran Jeff Singer As Senior Vice President And Eugene Market Regional Manager
- Columbia Banking System Announces Second Quarter 2019 Earnings Release and Conference Call Date
- Columbia Banking System Announces First Quarter 2019 Results, Quarterly and Special Cash Dividends
- Columbia Banking System Announces First Quarter 2019 Earnings Release and Conference Call Date
This member declared not having a position on this financial instrument or a related financial instrument.
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