First United Technical Analysis (NASDAQ:FUNC)
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. When a chart pattern that can predict future First United stock price movements is formed, the FUNC stock chart can become a key tool for a technical analyst.
See First United bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. The technical analysis form of First United stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
First United Moving Average:
Moving averages show the average price of FUNC 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 $15.05 is below the last closing price of $15.8 and the 50 day moving average of $14.61 is below the $15.8 price. The 10 and 20 day periods can predict short term moving average trends.
First United Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of First United stock price relative to previous trades. Currently the stock price of $15.8 is in the upper range of First United bollinger bands.
First United 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 United MACD line is below the signal line.
First United Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. If the RSI of FUNC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .