FIRST BANCORP PUERTO RICO (FBP) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:FBP • PR3186727065
Overall FBP gets a technical rating of 7 out of 10. FBP has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- FBP is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month FBP has a been trading in the 20.47 - 22.53 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- FBP has an average volume of 1333590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, FBP turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
- FBP is an average performer in the Banks industry, it outperforms 45% of 383 stocks in the same industry.
FBP has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 22.28. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 21.56, a Stop Loss order could be placed below this zone.
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16.95
4 important support areas can be observed.
- A support zone ranging from 20.31 to 21.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 19.25 to 19.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.68 from a trend line in the weekly time frame.
- Support @17.12 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 22.28 to 22.49. 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 | NEUTRAL | NEUTRAL | The long term trend for FBP is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FBP is up. |
| ChartMill Relative Strength | 69.58 | NEUTRAL | FBP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FBP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FBP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FBP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.86 | NEUTRAL | The RSI value for FBP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests FBP has a positive trend. |
| Stochastics (14,3) | 76.25 | NEUTRAL | The Stochastics value for FBP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.79 | MEDIUM VOLATILITY | The ATR as a percentage value for FBP suggests some volalility. |
| Average Directional Index/ADX (14) | 19.24 | NEGATIVE | The low ADX value for FBP 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 |
|---|---|---|---|
| 22.50 | 20.49 | 2.02 (8.96%) | 11.17% |
| An entry @22.50. This is a Buy Stop order right above the resistance zone. | An exit @20.48. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.02 points, which is 8.96%. | When investing 11.17% 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.
22.12
-0.02 (-0.09%)
FIRST BANCORP PUERTO RICO / FBP FAQ
What is the technical rating for FBP stock?
ChartMill assigns a technical rating of 7 / 10 to FBP.
What is the trend direction for FBP stock?
The current trend direction for FIRST BANCORP PUERTO RICO (FBP) is Bearish.
What is the RSI signal for FIRST BANCORP PUERTO RICO (FBP) stock?
FIRST BANCORP PUERTO RICO (FBP) has an RSI value of 58.8557. This indicates that the stock is currently neutral.
What are the support and resistance levels for FIRST BANCORP PUERTO RICO (FBP) stock?
FIRST BANCORP PUERTO RICO (FBP) has a support level at 21.56 and a resistance level at 22.28. Check the full technical report for our detailed analysis of FBP support and resistance levels.