FIRST BANCORP/NC (FBNC) Technical Analysis
NASDAQ:FBNC • US3189101062
Current stock price
FBNC Technical Rating and Analysis
Overall FBNC gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FBNC is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, FBNC did better than 80% of all other stocks. We also observe that the gains produced by FBNC over the past year are nicely spread over this period.
- FBNC is one of the better performing stocks in the Banks industry, it outperforms 82% of 376 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.
- In the last month FBNC has a been trading in the 54.78 - 60.76 range, which is quite wide. It is currently trading near the high of this range.
FBNC Weekly and Daily overview Charts
FBNC Setup Rating and Analysis
Besides having an excellent technical rating, FBNC also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 60.95. Right above this resistance zone may be a good entry point. 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
FBNC Support and Resistance Analysis
43.11
When analyzing the support we can see 4 important areas.
- A support zone ranging from 57.00 to 57.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 54.10 to 54.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 52.70 to 52.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @43.55 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @60.95 from a horizontal line in the daily time frame.
- A resistance zone ranging from 62.24 to 62.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
FBNC Technical Indicator Signal Analysis
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 | 80.98 | POSITIVE | FBNC has a high relative strength, it outperformed 80.98% off all stocks 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) | 58.86 | NEUTRAL | The RSI value for FBNC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests FBNC has a positive trend. |
| Stochastics (14,3) | 66.14 | NEUTRAL | The Stochastics value for FBNC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.42 | MEDIUM VOLATILITY | The ATR as a percentage value for FBNC suggests some volalility. |
| Average Directional Index/ADX (14) | 22.46 | NEUTRAL | The ADX value for FBNC suggests a possible start of a new trend. |
FBNC Chart- and CandleStick Pattern Analysis
FBNC Example Setup
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 |
|---|---|---|---|
| 60.96 | 57.52 | 3.44 (5.64%) | 17.72% |
| An entry @60.96. This is a Buy Stop order right above the resistance zone. | An exit @57.52. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.44 points, which is 5.64%. | When investing 17.72% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
FBNC Technicals: Chart, Performance Metrics, Trend & Indicators
59.55
+1.76 (+3.05%)
FIRST BANCORP/NC / FBNC TA FAQ
Can you provide the ChartMill technical rating for FIRST BANCORP/NC?
ChartMill assigns a technical rating of 9 / 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 FIRST BANCORP/NC (FBNC) stock?
FIRST BANCORP/NC (FBNC) has an RSI value of 58.861. This indicates that the stock is currently neutral.
What is the MACD signal for FBNC stock?
The MACD indicator for FIRST BANCORP/NC (FBNC) has a value of 0.16201, indicating a bearish trend.
Can you provide the support and resistance levels for FIRST BANCORP/NC?
FIRST BANCORP/NC (FBNC) has a support level at 57.65 and a resistance level at 60.95. Check the full technical report for our detailed analysis of FBNC support and resistance levels.