First Bank Technical Analysis (NASDAQ:FRBA)
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. When a chart pattern that can predict future First Bank stock price movements is formed, the FRBA stock chart can become a key tool for a technical analyst.
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 Bank. 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 Bank stock analysis.
First Bank Moving Average:
Moving averages help predict the price direction of FRBA stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $12.07 is below the price of $12.3.
First Bank 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 FRBA stock. First Bank bollinger bands show that the stock price is $12.3, upper band is 6.4, lower band is 5.88, and the average is 6.14.
First Bank 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 Bank MACD indicator is above 0 indicating a bullish trend.
First Bank Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 50 is the RSI value of FRBA stock. .