First Bancorp Technical Analysis (NASDAQ:FNLC)
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. The First Bancorp stock price data and volume are plotted in FNLC stock charts and these trading charts form the basis of technical analysis.
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 Bancorp. Technical analysis uses an approach for First Bancorp stock analysis that does not care for the fair value of a company but uses price and volume data only.
First Bancorp Moving Average
Moving averages show the average price of FNLC stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $29.06 is below the last closing price of $29.08 and the 50 day moving average of $28.5 is below the last closing price of $29.08. The 10 and 20 day periods can predict short term moving average trends.
First Bancorp Bollinger Bands
Bollinger bands comprise of a center line usually FNLC SMA, and two FNLC 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. First Bancorp bollinger bands show that the stock price is $29.08, upper band is 29.71, lower band is 28.41, and the average is 29.06.
First 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 Bancorp MACD indicator can be used to identify bullish and bearish trends for the stock.
First Bancorp 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 . 53.75 is the RSI value of FNLC stock.