First Capital Technical Analysis (NASDAQ:FCAP)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The First Capital stock price data and volume are plotted in FCAP stock charts and these trading charts form the basis of technical analysis.
See First Capital bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 Capital stock analysis.
First Capital Moving Average
Moving averages show the FCAP stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $37.73 is below the last closing price of $40 and the 50 day moving average of $37.61 is below the last closing price of $40. The 10 and 20 day periods can predict short term moving average trends.
First Capital 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 FCAP stock. Currently the stock price of $40 is in the upper range of First Capital bollinger bands.
First Capital 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 Capital MACD indicator can be used to identify bullish and bearish trends for the stock.
First Capital Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of FCAP stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.