First Financial Bankshares Technical Analysis (NASDAQ:FFIN)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. When a chart pattern that can predict future First Financial Bankshares stock price movements is formed, the FFIN stock chart can become a key tool for a technical analyst.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for First Financial Bankshares. Technical analysis uses an approach for First Financial Bankshares stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
First Financial Bankshares Moving Average:
Moving averages show the average price of FFIN stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $43.03 is above the last closing price of $39.1 and the 50 day moving average of $42.94 is above the $39.1 price. The 10 and 20 day periods can predict short term moving average trends.
First Financial Bankshares Bollinger Bands:
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the FFIN stock. Currently the stock price of $39.1 is in the lower range of First Financial Bankshares bollinger bands.
First Financial Bankshares Moving Average Convergence Divergence or MACD:
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The First Financial Bankshares MACD indicator can be used to identify bullish and bearish trends for the stock.
First Financial Bankshares 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. 19.23 is the RSI value of FFIN stock. .