First Commonwealth Financial Corp Technical Analysis (NYSE:FCF)
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. Just by looking at the First Commonwealth Financial Corp stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the FCF stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for First Commonwealth Financial Corp. Technical analysis uses an approach for First Commonwealth Financial Corp stock analysis that does not care for the fair value of a company but uses price and volume data only.
First Commonwealth Financial Corp Moving Average
Moving averages show the FCF 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. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $14.26 is above the price of $14.17.
First Commonwealth Financial Corp 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 FCF stock. First Commonwealth Financial Corp bollinger bands show that the stock price is $14.17, upper band is 14.94, lower band is 13.58, and the average is 14.26.
First Commonwealth Financial Corp Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The First Commonwealth Financial Corp MACD line is below the signal line.
First Commonwealth Financial Corp 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. If the RSI of FCF stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.