First Financial Bankshares Technical Analysis (NASDAQ:FFIN)
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 FFIN stock chart pattern can give those who understand technical analysis an indication of which way FFIN stock is headed, but cannot predict with 100% certainty as to what can happen to the First Financial Bankshares stock price.
See First Financial Bankshares 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 Financial Bankshares stock analysis.
First Financial Bankshares Moving Average
Moving averages show the average price of FFIN stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $53.89 is below the last closing price of $54 and the 50 day moving average of $52.11 is below the last closing price of $54. The 10 and 20 day periods can predict short term moving average trends.
First Financial Bankshares Bollinger Bands
Bollinger bands comprise of a center line usually FFIN SMA, and two FFIN stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the upper band in the context of First Financial Bankshares bollinger bands.
First Financial Bankshares 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 Bankshares MACD indicator can be used to identify bullish and bearish trends for the stock.
First Financial Bankshares Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of FFIN stock is 54.7.