FIRST BANCORP/NC (FBNC) Stock Technical Analysis
NASDAQ:FBNC • US3189101062
Taking everything into account, FBNC scores 7 out of 10 in our technical rating. In the last year, FBNC was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month FBNC has a been trading in the 56.42 - 62.64 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- FBNC is one of the better performing stocks in the Banks industry, it outperforms 83% of 379 stocks in the same industry.
- FBNC 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 FBNC is lagging the market slightly.
- Looking at the yearly performance, FBNC did better than 80% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
Although FBNC has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
42.02
When analyzing the support we can see 4 important areas.
- Support @54.04 from a trend line in the weekly time frame.
- Support @52.82 from a trend line in the daily time frame.
- Support @45.99 from a horizontal line in the daily time frame.
- Support @42.44 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 62.23 to 62.24. This zone is formed by a combination of multiple trend lines 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 FBNC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FBNC is neutral. |
| ChartMill Relative Strength | 80.86 | POSITIVE | FBNC has a high relative strength, it outperformed 80.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FBNC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of FBNC is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FBNC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.06 | NEUTRAL | The RSI value for FBNC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.57 | NEGATIVE | The MACD value suggests FBNC has a negative trend. |
| Stochastics (14,3) | 31.26 | NEUTRAL | The Stochastics value for FBNC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.39 | MEDIUM VOLATILITY | The ATR as a percentage value for FBNC suggests some volalility. |
| Average Directional Index/ADX (14) | 23.58 | NEUTRAL | The ADX value for FBNC suggests a possible start of a new trend. |
56.79
-3.39 (-5.63%)
FIRST BANCORP/NC / FBNC FAQ
Can you provide the ChartMill technical rating for FIRST BANCORP/NC?
ChartMill assigns a technical rating of 7 / 10 to FBNC.
What is the trend direction for FBNC stock?
The current trend direction for FIRST BANCORP/NC (FBNC) is Bullish.
What is the RSI signal for FBNC stock?
FIRST BANCORP/NC (FBNC) has an RSI value of 41.0622. This indicates that the stock is currently neutral.
What is the MACD signal for FIRST BANCORP/NC (FBNC) stock?
The MACD indicator for FIRST BANCORP/NC (FBNC) has a value of -0.565998, indicating a bearish trend.
What is the short term momentum for FIRST BANCORP/NC (FBNC) stock?
The short term momentum for FIRST BANCORP/NC (FBNC) is neutral.