First Citizens BancShares Technical Analysis (NASDAQ:FCNCA)
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. A FCNCA stock chart pattern can give those who understand technical analysis an indication of which way FCNCA stock is headed, but cannot predict with 100% certainty as to what can happen to the First Citizens BancShares stock price.
See First Citizens BancShares bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking First Citizens BancShares stock analysis using these technical indicators helps identify trading opportunities.
First Citizens BancShares Moving Average:
Moving averages help predict the price direction of FCNCA 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 $377.07 is above the price of $370.36.
First Citizens BancShares Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like First Citizens BancShares. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the lower band in the context of First Citizens BancShares bollinger bands.
First Citizens BancShares 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 Citizens BancShares MACD indicator is below 0 indicating a bearish trend.
First Citizens BancShares Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of FCNCA stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .