FIRST BANCORP PUERTO RICO (FBP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:FBP - PR3186727065 - Common Stock
Taking everything into account, FBP scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, FBP is only an average performer.
Besides having an excellent technical rating, FBP also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 20.36, a Stop Loss order could be placed below this zone.
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16.95
We found 4 important support areas.
- A support zone ranging from 19.93 to 20.36. 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 @17.62 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 2 important areas.
- Resistance @21.83 from a horizontal line in the weekly time frame.
- 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 | UP | POSITIVE | The long term trend for FBP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FBP is up. |
| ChartMill Relative Strength | 54.75 | 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) | DOWN | MIXED | The current price of FBP is above a declining 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) | 56.95 | NEUTRAL | The RSI value for FBP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests FBP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.67 | NEUTRAL | The Stochastics value for FBP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.95 | LOW VOLATILITY | The low ATR as a percentage value for FBP suggests low volalility. |
| Average Directional Index/ADX (14) | 23.86 | NEUTRAL | The ADX value for FBP suggests a possible start of a new 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 |
|---|---|---|---|
| 21.84 | 20.97 | 0.88 (4.01%) | 24.96% |
| An entry @21.84. This is a Buy Stop order right above the resistance zone. | An exit @20.96. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.88 points, which is 4.01%. | For a 1.00% total portfolio risk, you can invest 24.96% of your capital in this trade. |
- 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.
21.2
-0.11 (-0.52%)
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 current trend direction of FIRST BANCORP PUERTO RICO (FBP) stock?
The current trend direction for FIRST BANCORP PUERTO RICO (FBP) is Bullish.
What is the RSI signal for FIRST BANCORP PUERTO RICO (FBP) stock?
FIRST BANCORP PUERTO RICO (FBP) has an RSI value of 56.9455. This indicates that the stock is currently neutral.
Can you provide the short term momentum for FIRST BANCORP PUERTO RICO?
The short term momentum for FIRST BANCORP PUERTO RICO (FBP) is positive.
What are the support and resistance levels for FIRST BANCORP PUERTO RICO (FBP) stock?
FIRST BANCORP PUERTO RICO (FBP) has a support level at 20.36 and a resistance level at 21.83. Check the full technical report for our detailed analysis of FBP support and resistance levels.