FIRST BANCORP PUERTO RICO (FBP) Stock Technical Analysis
NYSE:FBP - New York Stock Exchange, Inc. - PR3186727065 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to FBP. In the last year, FBP was one of the better performers, but we do observe some doubts in the very recent evolution.
Besides having an excellent technical rating, FBP also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 20.84. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 19.92, a Stop Loss order could be placed below this zone.
More info and screens
16.95
We found 3 important support areas.
- A support zone ranging from 19.44 to 19.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.64 from a trend line in the weekly time frame.
- A support zone ranging from 17.12 to 17.16. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 20.84 to 21.83. 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 | NEUTRAL | NEUTRAL | The short term trend for FBP is neutral. |
| ChartMill Relative Strength | 80.21 | POSITIVE | FBP has a high relative strength, it outperformed 80.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FBP is below a declining 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) | 51.36 | NEUTRAL | The RSI value for FBP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests FBP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.26 | NEUTRAL | The Stochastics value for FBP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.97 | LOW VOLATILITY | The low ATR as a percentage value for FBP suggests low volalility. |
| Average Directional Index/ADX (14) | 20.78 | 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 |
|---|---|---|---|
| 20.27 | 19.65 | 0.61 (3.03%) | 25.00% |
| An entry @20.27. This is a Buy Stop order right above the 10 day moving average. | An exit @19.65. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.61 points, which is 3.03%. | For a 0.76% total portfolio risk, you can invest 25.00% 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.
20.15
+0.22 (+1.1%)