First Mid-Illinois Bancshares Technical Analysis (NASDAQ:FMBH)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The First Mid-Illinois Bancshares stock price data and volume are plotted in FMBH stock charts and these trading charts form the basis of technical analysis.
See First Mid-Illinois 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 Mid-Illinois Bancshares stock analysis using these technical indicators helps identify trading opportunities.
First Mid-Illinois Bancshares Moving Average:
Moving averages show the FMBH stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). The 20 day moving average of $32.94 is below the last closing price of $33.67 and the 50 day moving average of $32.99 is below the $33.67 price. The 10 and 20 day periods can predict short term moving average trends.
First Mid-Illinois Bancshares 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 FMBH stock. Currently the stock price of $33.67 is in the lower range of First Mid-Illinois Bancshares bollinger bands.
First Mid-Illinois 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 Mid-Illinois Bancshares MACD line is below the signal line.
First Mid-Illinois Bancshares Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. If the RSI of FMBH stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .