Firstbank Technical Analysis (NASDAQ:FBMI)

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$21.59 $0.53 (2.52%) FBMI stock closing price May 30, 2014 (Closing)

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. The Firstbank stock price data and volume are plotted in FBMI stock charts and these trading charts form the basis of technical analysis.

View technical indicators like moving averages - SMA and EMA, and bollinger bands for Firstbank. Technical analysis uses an approach for Firstbank stock analysis that does not care for the fair value of a company but uses price and volume data only.

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Firstbank Moving Average

Moving averages show the average price of FBMI 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 $19.84 is below the last closing price of $21.59 and the 50 day moving average of $18.96 is below the last closing price of $21.59. The 10 and 20 day periods can predict short term moving average trends.

Firstbank Bollinger Bands

Bollinger bands comprise of a center line usually FBMI SMA, and two FBMI stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the upper band in the context of Firstbank bollinger bands.

Firstbank 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 Firstbank MACD line is above the signal line.

Firstbank 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. 72.46 is the RSI value of FBMI stock.

FBMI Stock Details

Prev Close* $21.06
Open $20.97
Day Low $20.86
Day High $21.85
Volume 61,453
52 Week High $21.85
52 Week Low $13.10
Market Cap
$168.11M
Dividend
0.24