FNB Bancorp Technical Analysis (NASDAQ:FNBG)
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. Just by looking at the FNB 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 FNBG stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for FNB Bancorp. The technical analysis form of FNB Bancorp stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
FNB Bancorp Moving Average
Moving averages show the FNBG 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 $37.94 is above the price of $37.82.
FNB Bancorp Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like FNB Bancorp. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. FNB Bancorp bollinger bands show that the stock price is $37.82, upper band is 39.15, lower band is 36.73, and the average is 37.94.
FNB 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 FNB Bancorp MACD line is below the signal line.
FNB Bancorp Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of FNBG stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.