FLAGSTAR BANCORP INC (FBC) Stock Technical Analysis
NYSE:FBC - New York Stock Exchange, Inc. - US3379307057 - Common Stock - Currency: USD
Overall FBC gets a technical rating of 5 out of 10. FBC has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
Although the technical rating is only medium, FBC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 39.54. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 37.53, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
36.55
When analyzing the support we notice one important area.
- A support zone ranging from 36.92 to 37.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 39.54 to 39.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @41.15 from a trend line in the daily time frame.
- Resistance @42.35 from a horizontal line in the weekly time frame.
- Resistance @43.09 from a horizontal line in the daily time frame.
- Resistance @43.99 from a horizontal line in the daily time frame.
37.54
+0.43 (+1.16%)