First Community Technical Analysis (NASDAQ:FCCO)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. When a chart pattern that can predict future First Community stock price movements is formed, the FCCO stock chart can become a key tool for a technical analyst.
See First Community 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 Community stock analysis using these technical indicators helps identify trading opportunities.
First Community Moving Average:
FCCO 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 Community chart patterns after the calculations remain the same. The 100 day moving average of 6.01 is above the last closing price of 18.45. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $5.19 is below the price of $18.45.
First Community Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of First Community stock price relative to previous trades. The stock price is trading between the average and the upper band in the context of First Community bollinger bands.
First Community 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 Community MACD line is above the signal line.
First Community 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 FCCO stock. .