First Financial Bancorp. Technical Analysis (NASDAQ:FFBC)
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 Financial Bancorp. 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 FFBC stock chart which creates a trading signal.
See First Financial Bancorp. bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for First Financial Bancorp. stock analysis that does not care for the fair value of a company but uses price and volume data only.
First Financial Bancorp. Moving Average
Moving averages show the average price of FFBC stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for First Financial Bancorp. are mostly signals of long term trends and will help long term traders.
First Financial Bancorp. Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like First Financial Bancorp.. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $32.3 is in the lower range of First Financial Bancorp. bollinger bands.
First Financial 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 Financial Bancorp. MACD indicator can be used to identify bullish and bearish trends for the stock.
First Financial Bancorp. 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 FFBC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.