Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of COLB
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Green day on Thursday for Columbia Banking System stock after gaining 1.31%
(Updated on Mar 28, 2024)

Buy candidate since Mar 27, 2024 Gain 1.31% PDF

The Columbia Banking System stock price gained 1.31% on the last trading day (Thursday, 28th Mar 2024), rising from $19.10 to $19.35. During the last trading day the stock fluctuated 2.50% from a day low at $19.00 to a day high of $19.47. The price has fallen in 6 of the last 10 days but is still up by 4.82% over the past 2 weeks. Volume fell on the last day by -483 thousand shares and in total, 2 million shares were bought and sold for approximately $45.80 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

Given the current short-term trend, the stock is expected to fall -30.45% during the next 3 months and, with a 90% probability hold a price between $10.11 and $13.46 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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COLB Signals & Forecast

The Columbia Banking System stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $18.73 and $18.61. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 26, 2024, and so far it has risen 9.14%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Columbia Banking System stock

Columbia Banking System finds support from accumulated volume at $19.01 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.475 between high and low, or 2.50%. For the last week, the stock has had daily average volatility of 2.67%.

Our recommended stop-loss: $18.38 (-4.99%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 23 days ago.)

Trading Expectations (COLB) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Columbia Banking System to open at $19.27, and during the day (based on 14 day Average True Range), to move between $18.75 and $19.95, which gives a possible trading interval of +/-$0.599 (+/-3.09%) up or down from last closing price. If Columbia Banking System takes out the full calculated possible swing range there will be an estimated 6.19% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $19.49 (0.72%) than the support at $19.01 (1.76%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Columbia Banking System stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 2.383 Buy Candidate Unchanged

Predicted Opening Price for Columbia Banking System of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$19.27 ( 0.405%) $19.35

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for COLB

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 19.75 2.05 %
R2 19.57 1.11 %
R1 19.45 0.533 %
Current price: 19.35
Support S1 19.09 -1.34 %
S2 18.98 -1.92 %
S3 18.80 -2.86 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 20.18 4.29 %
R2 20.16 4.19 %
R1 19.49 0.724 %
Current price 19.35
Support S1 19.01 -1.76%
S2 18.22 -5.84%
S3 18.10 -6.46%

COLB Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 09, 2024 Feb 22, 2024 Mar 11, 2024 $0.360 1.84%
2 Nov 22, 2023 Nov 22, 2023 Dec 11, 2023 $0.360 1.46%
3 Aug 14, 2023 Aug 24, 2023 Sep 11, 2023 $0.360 1.78%
4 May 15, 2023 May 30, 2023 Jun 15, 2023 $0.360 1.56%
5 Jan 24, 2023 Feb 03, 2023 Feb 21, 2023 $0.300 0.97%

FAQ

What is the symbol for Columbia Banking System Stock and on which exchange is it traded?
The symbol for Columbia Banking System is COLB and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Columbia Banking System Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

How to buy Columbia Banking System Stock?
Columbia Banking System Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Columbia Banking System Stock.

What's the current price of Columbia Banking System Stock?
As of the end of day on the 2024-03-28, the price of an Columbia Banking System (COLB) share was $19.35.

What is the 52-week high and low for Columbia Banking System Stock?
The 52-week high for Columbia Banking System Stock is $28.12 and the 52-week low is $17.18.

What is the market capitalization of Columbia Banking System Stock?
As of the 2024-03-28, the market capitalization of Columbia Banking System is 3.985B.

When is the next earnings date for Columbia Banking System?
The upcoming earnings date for Columbia Banking System is Apr 24, 2024.
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About Columbia Banking System

Columbia Banking System Columbia Banking System, Inc. operates as the bank holding company for Columbia State Bank that provides a range of banking services to small and medium-sized businesses, professionals, and individuals in the United States. It offers personal banking products and services, including noninterest and interest-bearing checking, savings, money market, and certificate of deposit accounts; home mortgages for purchases and refinances, home equity loans ... COLB Profile

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