First Connecticut Bancorp Technical Analysis (NASDAQ:FBNK)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. When a chart pattern that can predict future First Connecticut Bancorp stock price movements is formed, the FBNK stock chart can become a key tool for a technical analyst.
See First Connecticut Bancorp 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 First Connecticut Bancorp stock analysis using these technical indicators helps identify trading opportunities.
First Connecticut Bancorp Moving Average:
FBNK stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of First Connecticut Bancorp chart patterns after the calculations remain the same. The 100 day moving average of 19.82 is below the last closing price of 24.3. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for First Connecticut Bancorp are mostly signals of long term trends and will help long term traders.
First Connecticut Bancorp Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like First Connecticut Bancorp. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $24.3 is in the upper range of First Connecticut Bancorp bollinger bands.
First Connecticut Bancorp 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 First Connecticut Bancorp MACD line is below the signal line.
First Connecticut Bancorp Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of FBNK stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .