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. The FRBA stock chart pattern can give those who understand technical analysis an indication of which way FRBA stock is headed, but cannot predict with 100% certainty as to what can happen to the First Bank stock price.
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 uses an approach for First Bank stock analysis that does not care for the fair value of a company but uses price and volume data only.
First Bank Moving Average
Moving averages show the FRBA 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. The 20 day moving average of $13.89 is below the last closing price of $13.9 and the 50 day moving average of $14.02 is above the last closing price of $13.9. The 10 and 20 day periods can predict short term moving average trends.
First Bank Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like First Bank. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $13.9 is in the upper range of First Bank bollinger bands.
First Bank Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. 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. If the RSI of FRBA stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.