FB FINANCIAL CORP (FBK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:FBK - US30257X1046 - Common Stock
We assign a technical rating of 7 out of 10 to FBK. Although FBK is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- FBK is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FBK is lagging the market slightly.
- When comparing the performance of all stocks over the past year, FBK turns out to be only a medium performer in the overall market: it outperformed 65% of all stocks.
- FBK is an average performer in the Banks industry, it outperforms 46% of 383 stocks in the same industry.
- In the last month FBK has a been trading in the 54.95 - 62.37 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, FBK also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 56.93, 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
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We found 4 important support areas.
- A support zone ranging from 56.26 to 56.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @53.57 from a trend line in the daily time frame.
- A support zone ranging from 52.04 to 52.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @45.47 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 59.12 to 59.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for FBK is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FBK is neutral. |
| ChartMill Relative Strength | 65.26 | NEUTRAL | FBK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of FBK is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FBK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FBK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.79 | NEUTRAL | The RSI value for FBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests FBK has a negative trend. |
| Stochastics (14,3) | 40.77 | NEUTRAL | The Stochastics value for FBK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.9 | MEDIUM VOLATILITY | The ATR as a percentage value for FBK suggests some volalility. |
| Average Directional Index/ADX (14) | 17.74 | NEGATIVE | The low ADX value for FBK suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 59.66 | 56.84 | 2.82 (4.73%) | 21.16% |
| An entry @59.66. This is a Buy Stop order right above the resistance zone. | An exit @56.84. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.82 points, which is 4.73%. | For a 1.00% total portfolio risk, you can invest 21.16% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of FBK. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
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+1.1 (+1.93%)
FB FINANCIAL CORP / FBK FAQ
What is the technical rating for FBK stock?
ChartMill assigns a technical rating of 7 / 10 to FBK.
Can you provide the trend direction for FB FINANCIAL CORP?
The current trend direction for FB FINANCIAL CORP (FBK) is Bullish.
What is the RSI signal for FB FINANCIAL CORP (FBK) stock?
FB FINANCIAL CORP (FBK) has an RSI value of 49.7902. This indicates that the stock is currently neutral.
What is the support and resistance level for FBK stock?
FB FINANCIAL CORP (FBK) has a support level at 56.93 and a resistance level at 59.12. Check the full technical report for our detailed analysis of FBK support and resistance levels.