ConnectOne Bancorp Inc

CNOB is exhibiting a medium-term bearish bias following a decisive support failure in early September, with short-term EMAs rolling over and price trading below the 50-day SMA. While the long-term uptrend (above the 200-day SMA) remains intact, the immediate structure favors further downside toward the 200-day SMA near $29.25. Execution is recommended now, selling into resistance around the 20-day EMA and the horizontal $32.50 zone.

• ↑Q2 net income $40.2M (+10% sequential); NIM widened to 3.42%.
• ↑Assets grew to ~$14B post-merger, expanding New York metro footprint.
• ↓$13.8M provisions booked as 30–59-day delinquencies increase.