We assign a technical rating of 6 out of 10 to FBNC. Although FBNC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, FBNC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 50.44, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
40.21
5 important support areas can be observed.
- A support zone ranging from 49.99 to 50.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 48.54 to 48.66. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @47.66 from a horizontal line in the weekly time frame.
- A support zone ranging from 45.99 to 46.31. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @40.62 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 55.41 to 55.56. 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 | UP | POSITIVE | The short term trend for FBNC is up. |
| ChartMill Relative Strength | 48.56 | NEUTRAL | FBNC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FBNC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of FBNC is above a declining 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) | 54.29 | NEUTRAL | The RSI value for FBNC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests FBNC has a positive trend. |
| Stochastics (14,3) | 82.02 | OVERBOUGHT | The high Stochastics value suggests FBNC may be overbought. |
| Average True Range in percent/ATR (20) | 2.57 | MEDIUM VOLATILITY | The ATR as a percentage value for FBNC suggests some volalility. |
| Average Directional Index/ADX (14) | 12.96 | NEGATIVE | The low ADX value for FBNC 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 |
|---|---|---|---|
| 52.10 | 49.98 | 2.11 (4.06%) | 24.63% |
| An entry @52.09. This is a Buy Stop order right above the 10 day high. | An exit @49.98. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.11 points, which is 4.06%. | When investing 24.63% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of FBNC. 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.
51.01
-0.38 (-0.74%)
FIRST BANCORP/NC / FBNC FAQ
Can you provide the ChartMill technical rating for FIRST BANCORP/NC?
ChartMill assigns a technical rating of 6 / 10 to FBNC.
Can you provide the trend direction for FIRST BANCORP/NC?
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 54.2891. This indicates that the stock is currently neutral.
Can you provide the MACD signal for FIRST BANCORP/NC?
The MACD indicator for FIRST BANCORP/NC (FBNC) has a value of 0.218633, indicating a bearish trend.
What is the short term momentum for FBNC stock?
The short term momentum for FIRST BANCORP/NC (FBNC) is positive.