FIRST FINANCIAL BANCORP (FFBC) Stock Technical Analysis
NASDAQ:FFBC - Nasdaq - US3202091092 - Common Stock - Currency: USD
Taking everything into account, FFBC scores 7 out of 10 in our technical rating. FFBC has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
FFBC is one of the lesser performing stocks in the Banks industry. 73% of 394 stocks in the same industry do better.
Both the short term and long term trends are positive. This is a very positive sign.
FFBC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the performance of all stocks over the past year, FFBC turns out to be only a medium performer in the overall market: it outperformed 49% of all stocks.
FFBC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FFBC is lagging the market.
Besides having an excellent technical rating, FFBC also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 25.86. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.68, a Stop Loss order could be placed below this zone.
More info and screens
21.83
29.95
We found 5 important support areas.
- A support zone ranging from 25.48 to 25.68. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 24.37 to 24.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.46 to 23.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @22.76 from a trend line in the weekly time frame.
- A support zone ranging from 22.05 to 22.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 25.86 to 25.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @29.65 from a horizontal line in the daily time frame.
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 FFBC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FFBC is up. |
| ChartMill Relative Strength | 49.27 | NEUTRAL | FFBC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FFBC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FFBC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of FFBC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.56 | NEUTRAL | The RSI value for FFBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests FFBC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.92 | OVERBOUGHT | The high Stochastics value suggests FFBC may be overbought. |
| Average True Range in percent/ATR (20) | 2.23 | MEDIUM VOLATILITY | The ATR as a percentage value for FFBC suggests some volalility. |
| Average Directional Index/ADX (14) | 20.44 | NEUTRAL | The ADX value for FFBC 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 |
|---|---|---|---|
| 25.87 | 25.47 | 0.40 (1.55%) | 25.00% |
| An entry @25.87. This is a Buy Stop order right above the resistance zone. | An exit @25.47. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.40 points, which is 1.55%. | For a 0.39% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of FFBC. Please evaluate whether better entry and exit points can be found.
- 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.
25.78
+0.33 (+1.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.3%
1 Week1.14%
2 Weeks5.87%
1 Month7.91%
3 Month13.82%
6 Month-7.76%
12 Month-0.88%
2 Year11.65%
3 Year15.4%
5 Year85.27%
10 Year35.61%
15 Year62.14%
Volatility
ATR(14)0.57
ATR(20)%2.23%
ATR Inc-41.17%
Range Today0.41
ADR(20)0.56
ADR(20)%2.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.27
Mansfield-0.73
10 Day High26.05
10 Day Low24.21
20 Day High26.05
20 Day Low22.93
52 Week High31.18
52 Week Low21.1
CS1 End25.68
CR1 Start25.86
Volume & EV
DER(3)1.34%
DER(5)1.05%
Volume227.50K
Volume Incr-19.7%
Vol(5)319.74K
Vol(50)341.67K