Firstbank Technical Analysis (NASDAQ:FBMI)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. A FBMI stock chart pattern can give those who understand technical analysis an indication of which way FBMI stock is headed, but cannot predict with 100% certainty as to what can happen to the Firstbank stock price.
See Firstbank bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Firstbank stock analysis using these technical indicators helps identify trading opportunities.
Firstbank Moving Average:
Moving averages help predict the price direction of FBMI stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $5.19 is below the last closing price of $21.59 and the 50 day moving average of $5.5 is below the $21.59 price. The 10 and 20 day periods can predict short term moving average trends.
Firstbank Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Firstbank. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $21.59 is in the upper range of Firstbank bollinger bands.
Firstbank Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Firstbank MACD indicator can be used to identify bullish and bearish trends for the stock.
Firstbank Relative Strength Index:
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 73.2 is the RSI value of FBMI stock. .