FIRST BANCORP PUERTO RICO (FBP) Stock Technical Analysis
NYSE:FBP - New York Stock Exchange, Inc. - PR3186727065 - Common Stock - Currency: USD
Taking everything into account, FBP scores 6 out of 10 in our technical rating. Although FBP is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
FBP is one of the lesser performing stocks in the Banks industry. 64% of 393 stocks in the same industry do better.
The long and short term trends are both positive. This is looking good!
FBP 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 FBP is lagging the market slightly.
In the last month FBP has a been trading in the 19.97 - 22.29 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
FBP has an average volume of 1177140 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, FBP outperforms 45% of them, which is more or less in line with the market.
FBP has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 21.83. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 20.98, a Stop Loss order could be placed below this zone.
More info and screens
16.95
22.50
6 important support areas can be observed.
- A support zone ranging from 20.73 to 20.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @20.20 from a horizontal line in the daily time frame.
- A support zone ranging from 19.36 to 19.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @18.18 from a trend line in the weekly time frame.
- Support @17.60 from a trend line in the weekly time frame.
- Support @17.12 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 21.83 to 22.28. 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 | 45.05 | NEUTRAL | FBP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of FBP is above 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) | 52.1 | NEUTRAL | The RSI value for FBP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests FBP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.48 | OVERBOUGHT | The high Stochastics value suggests FBP may be overbought. |
| Average True Range in percent/ATR (20) | 2.05 | MEDIUM VOLATILITY | The ATR as a percentage value for FBP suggests some volalility. |
| Average Directional Index/ADX (14) | 20.26 | NEUTRAL | The ADX value for FBP suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 21.59 | 20.72 | 0.87 (4.03%) | 24.82% |
| An entry @21.59. This is a Buy Stop order right above the 10 day high. | An exit @20.72. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.87 points, which is 4.03%. | When investing 24.82% 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.
21.15
-0.37 (-1.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.72%
1 Week2.47%
2 Weeks4.08%
1 Month-4.21%
3 Month0.95%
6 Month3.63%
12 Month2.57%
2 Year52.6%
3 Year47.9%
5 Year269.11%
10 Year427.43%
15 Year291.67%
Volatility
ATR(14)0.41
ATR(20)%2.05%
ATR Inc1.32%
Range Today0.47
ADR(20)0.42
ADR(20)%1.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.05
Mansfield-0.39
10 Day High21.58
10 Day Low20.17
20 Day High22.29
20 Day Low19.97
52 Week High22.4
52 Week Low16.4
CS1 End20.98
CR1 Start21.83
Volume & EV
DER(3)-1.41%
DER(5)0.07%
Volume1.25M
Volume Incr-22.11%
Vol(5)1.05M
Vol(50)1.18M