FIRST FINANCIAL BANCORP (FFBC) Stock Technical Analysis
NASDAQ:FFBC - Nasdaq - US3202091092 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to FFBC. FFBC has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
FFBC is one of the lesser performing stocks in the Banks industry. 71% of 397 stocks in the same industry do better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
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 compared to the yearly performance of all other stocks, FFBC outperforms 62% of them, which is more or less in line with the market.
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.
FFBC has only a medium technical rating, but it does show 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 25.71. Right above this resistance zone may be a good entry point.
More info and screens
21.83
29.95
We found 4 important support areas.
- A support zone ranging from 24.32 to 24.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.43 to 23.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @22.71 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 25.71 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 | NEUTRAL | NEUTRAL | The long term trend for FFBC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FFBC is up. |
| ChartMill Relative Strength | 62.37 | 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) | DOWN | NEGATIVE | The current price of FFBC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.3 | NEUTRAL | The RSI value for FFBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests FFBC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.59 | OVERBOUGHT | The high Stochastics value suggests FFBC may be overbought. |
| Average True Range in percent/ATR (20) | 2.25 | MEDIUM VOLATILITY | The ATR as a percentage value for FFBC suggests some volalility. |
| Average Directional Index/ADX (14) | 19.81 | NEGATIVE | The low ADX value for FFBC suggests a weak or negative 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 | 24.31 | 1.56 (6.03%) | 16.58% |
| An entry @25.87. This is a Buy Stop order right above the resistance zone. | An exit @24.31. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.56 points, which is 6.03%. | When investing 16.58% 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.
25.45
-0.29 (-1.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.13%
1 Week-1.59%
2 Weeks3.67%
1 Month5.91%
3 Month15.42%
6 Month-0.93%
12 Month8.3%
2 Year10.22%
3 Year13.92%
5 Year82.9%
10 Year33.88%
15 Year60.06%
Volatility
ATR(14)0.6
ATR(20)%2.25%
ATR Inc-45.55%
Range Today0.21
ADR(20)0.55
ADR(20)%2.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.37
Mansfield-0.86
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 End24.5
CR1 Start25.71
Volume & EV
DER(3)2.57%
DER(5)1.69%
Volume280.70K
Volume Incr-10.79%
Vol(5)350.80K
Vol(50)346.54K