Key findings for Connectone Bancorp Inc. Depositary Shares (each Representing A 1/40th Interest In A Share Of 5.25% Fixed-rate Reset Non-cumulative Perpetual Preferred Stock Ser (NASDAQ: CNOBP)
Neutral Near and Mid-Term Readings Could Moderate Long-Term Positive Bias
Resistance is being tested. If it holds, expect support next.
Exceptional 3.3:1 risk-reward short setup targets 0.9% downside vs 0.3% risk
Neutral Sentiment is prevailing thus far -- See current SIGNALS for positioning and risk parameters.
Institutional Trading Strategies
Our AI models have generated three distinct trading strategies tailored to different risk profiles and holding periods. Each strategy incorporates sophisticated risk management parameters designed to optimize position sizing and minimize drawdown risk.
Position Trading StrategyLONG
Entry Zone
$24.72
Target
$24.95
Stop Loss
$24.65
Momentum Breakout StrategyBREAKOUT
Trigger
$25.21
Target
$25.71
Stop Loss
$25.14
Risk Hedging StrategySHORT
Entry Zone
$24.92
Target
$23.67
Stop Loss
$24.99
Multi-Timeframe Signal Analysis
Time Horizon
Signal Strength
Support Signal
Resistance Signal
Near-term (1-5 days)
Neutral
$25.02
$0.00
Mid-term (5-20 days)
Neutral
$25.03
$65.13
Long-term (20+ days)
Strong
$24.95
$25.21
Technical Analysis
Longer Term Trading Plans for CNOBP
Buy CNOBP near 24.72 target 24.95 stop loss @ 24.65 Details
The technical summary data tells us to buy CNOBP near 24.72 with an upside target of 24.95. This data also tells us to set a stop loss @ 24.65 to protect against excessive loss in case the stock begins to move against the trade. 24.72 is the first level of support below 24.92 , and by rule, any test of support is a buy signal. In this case, support 24.72 would be being tested, so a buy signal would exist.
Short CNOBP slightly under 24.95, target 24.72, stop loss @ 25.02 Details
The technical summary data is suggesting a short of CNOBP as it gets near 24.95 with a downside target of 24.72. We should have a stop loss in place at 25.02though. 24.95 is the first level of resistance above 24.92, and by rule, any test of resistance is a short signal. In this case, if resistance 24.95 is being tested, so a short signal would exist.
Swing Trading Plans for CNOBP
Buy CNOBP slightly over n/a, target n/a, Stop Loss @ 0 Details
If n/a begins to break higher, the technical summary data tells us to buy CNOBP just over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 24.92, and by rule, any break above resistance is a buy signal. In this case, n/a, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
Short CNOBP slightly near n/a, target 24.72, Stop Loss @ 0. Details
The technical summary data is suggesting a short of CNOBP if it tests n/a with a downside target of 24.72. We should have a stop loss in place at 0 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, n/a, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for CNOBP
Buy CNOBP slightly over 25.21, target n/a, Stop Loss @ 25.15 Details
If 25.21 begins to break higher, the technical summary data tells us to buy CNOBP just over 25.21, with an upside target of n/a. The data also tells us to set a stop loss @ 25.15 in case the stock turns against the trade. 25.21 is the first level of resistance above 24.92, and by rule, any break above resistance is a buy signal. In this case, 25.21, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
Short CNOBP slightly near 25.21, target 24.72, Stop Loss @ 25.27. Details
The technical summary data is suggesting a short of CNOBP if it tests 25.21 with a downside target of 24.72. We should have a stop loss in place at 25.27 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 25.21, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
CNOBP Technical Summary | Raw Data for the Trading Plans
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