First Bancorp Technical Analysis (NASDAQ:FBNC)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. The First Bancorp stock price data and volume are plotted in FBNC stock charts and these trading charts form the basis of technical analysis.
See First Bancorp bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis uses an approach for First Bancorp stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
First Bancorp Moving Average:
FBNC stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of First Bancorp chart patterns after the calculations remain the same. The 100 day moving average of 29.76 is below the last closing price of 31.5. The 20 day moving average of $31.24 is below the last closing price of $31.5 and the 50 day moving average of $30.23 is below the $31.5 price. The 10 and 20 day periods can predict short term moving average trends.
First Bancorp 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 FBNC stock. First Bancorp bollinger bands show that the stock price is $31.5, upper band is 22.33, lower band is 20.82, and the average is 21.58.
First 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 Bancorp MACD indicator is below 0 indicating a bearish trend.
First Bancorp Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. The relative strength index of FBNC stock is 49.1. .