First Midwest Bancorp Technical Analysis (NASDAQ:FMBI)
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. Just by looking at the First Midwest 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 FMBI stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for First Midwest Bancorp. Technical analysis uses an approach for First Midwest Bancorp stock analysis that does not care for the fair value of a company but uses price and volume data only.
First Midwest Bancorp Moving Average
Moving averages show the average price of FMBI stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $24.75 is below the price of $24.99.
First Midwest Bancorp Bollinger Bands
Bollinger bands comprise of a center line usually FMBI SMA, and two FMBI 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 Midwest Bancorp bollinger bands.
First Midwest Bancorp Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The First Midwest Bancorp MACD indicator is below 0 indicating a bearish trend.
First Midwest 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. The relative strength index of FMBI stock is 50.52.