FirstMerit Technical Analysis (NASDAQ:FMER)
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 FMER stock chart pattern can give those who understand technical analysis an indication of which way FMER stock is headed, but cannot predict with 100% certainty as to what can happen to the FirstMerit stock price.
See FirstMerit bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of FirstMerit stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
FirstMerit Moving Average
Moving averages show the average price of FMER 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 $21.15 is below the price of $21.61.
FirstMerit 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 FMER stock. Currently the stock price of $21.61 is in the upper range of FirstMerit bollinger bands.
FirstMerit 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 FirstMerit MACD indicator is below 0 indicating a bearish trend.
FirstMerit 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 . If the RSI of FMER stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.