First Financial Corporation Technical Analysis (NASDAQ:THFF)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the First Financial Corporation stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the THFF stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for First Financial Corporation. Technical analysis uses an approach for First Financial Corporation stock analysis that does not care for the fair value of a company but uses price and volume data only.
First Financial Corporation Moving Average
Moving averages show the average price of THFF stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $46.4 is below the price of $47.4.
First Financial Corporation Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like First Financial Corporation. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. First Financial Corporation bollinger bands show that the stock price is $47.4, upper band is 48.06, lower band is 44.74, and the average is 46.4.
First Financial Corporation 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 Financial Corporation MACD indicator can be used to identify bullish and bearish trends for the stock.
First Financial Corporation Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of THFF stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.