First Midwest Bancorp Technical Analysis (NASDAQ:FMBI)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. When a chart pattern that can predict future First Midwest Bancorp stock price movements is formed, the FMBI stock chart can become a key tool for a technical analyst.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for First Midwest Bancorp. The technical analysis form of First Midwest Bancorp stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
First Midwest Bancorp Moving Average:
Moving averages show the average price of FMBI stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $9.75 is below the price of $24.93.
First Midwest Bancorp Bollinger Bands:
Bollinger bands comprise of a center line usually FMBI SMA, and two FMBI stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $24.93 is in the upper range of First Midwest Bancorp bollinger bands.
First Midwest Bancorp Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The First Midwest Bancorp MACD indicator is below 0 indicating a bearish trend.
First Midwest Bancorp Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 63.87 is the RSI value of FMBI stock. .