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. The First United stock price data and volume are plotted in FUNC stock charts and these trading charts form the basis of technical analysis.
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 $17.16 is above the last closing price of $16.75 and the 50 day moving average of $17.37 is above the last closing price of $16.75. The 10 and 20 day periods can predict short term moving average trends.
First United Bollinger Bands
Bollinger bands comprise of a center line usually FUNC SMA, and two FUNC 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. Currently the stock price of $16.75 is in the lower 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 assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The First United MACD line is above the signal line.
First United 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 . The relative strength index of FUNC stock is 38.93.