The First of Long Island Technical Analysis (NASDAQ:FLIC)
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 The First of Long Island stock price movements is formed, the FLIC stock chart can become a key tool for a technical analyst.
See The First of Long Island bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. The technical analysis form of The First of Long Island stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
The First of Long Island Moving Average:
Moving averages show the FLIC stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). One needs to choose the duration of a moving average depending on the investment objective and investment horizon. For periods greater than 100, it takes a larger and longer FLIC stock price movement for the moving average to change course.
The First of Long Island Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of The First of Long Island stock price relative to previous trades. The First of Long Island bollinger bands show that the stock price is $28.4, upper band is 42.75, lower band is 38.09, and the average is 40.42.
The First of Long Island 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 The First of Long Island MACD indicator is below 0 indicating a bearish trend.
The First of Long Island Relative Strength Index:
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of FLIC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .