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 FMBH stock chart pattern can give those who understand technical analysis an indication of which way FMBH stock is headed, but cannot predict with 100% certainty as to what can happen to the First Mid-Illinois Bancshares stock price.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for First Mid-Illinois Bancshares. 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 Mid-Illinois Bancshares stock analysis.
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 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 $40.59 is below the price of $41.22.
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. First Mid-Illinois Bancshares bollinger bands show that the stock price is $41.22, upper band is 41.17, lower band is 40.01, and the average is 40.59.
First Mid-Illinois Bancshares 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 Mid-Illinois Bancshares MACD indicator can be used to identify bullish and bearish trends for the stock.
First Mid-Illinois Bancshares 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 . 46.79 is the RSI value of FMBH stock.