First Bank Technical Analysis (NASDAQ:FRBA)

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$8.65 $0.05 (0.58%) FRBA stock closing price Oct 20, 2016 (Closing)

Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. When a chart pattern that can predict future First Bank stock price movements is formed, the FRBA 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 Bank. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of First Bank stock analysis.

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First Bank Moving Average:

Moving averages help predict the price direction of FRBA stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $39.26 is above the price of $8.65.

First Bank 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 FRBA stock. First Bank bollinger bands show that the stock price is $8.65, upper band is 9.93, lower band is 9.36, and the average is 9.65.

First Bank 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 Bank MACD indicator is above 0 indicating a bullish trend.

First Bank Relative Strength Index:

The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements.   40.79 is the RSI value of FRBA stock. .

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