FLUSHING FINANCIAL CORP (FFIC) Stock Technical Analysis
NASDAQ:FFIC - Nasdaq - US3438731057 - Common Stock - Currency: USD
Taking everything into account, FFIC scores 4 out of 10 in our technical rating. In the past year, FFIC was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
81% of all other stocks performed better in the past year than FFIC.
FFIC is part of the Banks industry. There are 394 other stocks in this industry, of which 94% are performing better than FFIC.
FFIC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
FFIC 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.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Although the technical rating is only medium, FFIC does present a nice setup opportunity. 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.
More info and screens
10.78
13.53
We found 3 important support areas.
- Support @11.78 from a trend line in the weekly time frame.
- Support @11.09 from a horizontal line in the weekly time frame.
- A support zone ranging from 10.89 to 10.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 12.45 to 12.51. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @12.80 from a horizontal line in the weekly time frame.
- Resistance @13.18 from a horizontal line in the daily time frame.
- Resistance @13.40 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 | DOWN | NEGATIVE | The long term trend for FFIC is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FFIC is up. |
| ChartMill Relative Strength | 19.39 | NEGATIVE | FFIC has a low relative strength, it was outperformed by 80.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FFIC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FFIC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FFIC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.36 | NEUTRAL | The RSI value for FFIC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests FFIC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.79 | NEUTRAL | The Stochastics value for FFIC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.9 | MEDIUM VOLATILITY | The ATR as a percentage value for FFIC suggests some volalility. |
| Average Directional Index/ADX (14) | 13.22 | NEGATIVE | The low ADX value for FFIC 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)
12.43
+0.16 (+1.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.3%
1 Week-1.35%
2 Weeks4.37%
1 Month1.22%
3 Month7.99%
6 Month-15.79%
12 Month-17.63%
2 Year-21.23%
3 Year-42.43%
5 Year12.18%
10 Year-40.13%
15 Year-0.32%
Volatility
ATR(14)0.35
ATR(20)%2.9%
ATR Inc-32.16%
Range Today0.2
ADR(20)0.33
ADR(20)%2.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.39
Mansfield-1.73
10 Day High12.85
10 Day Low11.8
20 Day High12.85
20 Day Low11.13
52 Week High18.59
52 Week Low10.65
CS1 End11.78
CR1 Start12.45
Volume & EV
DER(3)0.25%
DER(5)0.14%
Volume248.00K
Volume Incr-8.06%
Vol(5)232.74K
Vol(50)217.56K