FLUSHING FINANCIAL CORP (FFIC) Stock Technical Analysis
NASDAQ:FFIC • US3438731057
Taking everything into account, FFIC scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, FFIC is only an average performer.
- The long and short term trends are both positive. This is looking good!
- FFIC 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 FFIC is lagging the market slightly.
- 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.
- When comparing the performance of all stocks over the past year, FFIC turns out to be only a medium performer in the overall market: it outperformed 65% of all stocks.
- FFIC is an average performer in the Banks industry, it outperforms 42% of 381 stocks in the same industry.
Although the technical rating is only medium, FFIC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 16.64, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
10.98
8 important support areas can be observed.
- A support zone ranging from 16.62 to 16.64. 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 15.98 to 16.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.70 from a trend line in the daily time frame.
- A support zone ranging from 14.85 to 15.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.58 from a horizontal line in the daily time frame.
- Support @13.73 from a trend line in the weekly time frame.
- Support @12.15 from a horizontal line in the daily time frame.
- Support @11.09 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @16.89 from a horizontal line in the daily time frame.
- A resistance zone ranging from 17.35 to 17.60. 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 FFIC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FFIC is up. |
| ChartMill Relative Strength | 65.74 | NEUTRAL | FFIC is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of FFIC is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FFIC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.37 | NEUTRAL | The RSI value for FFIC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests FFIC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.99 | NEUTRAL | The Stochastics value for FFIC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.85 | MEDIUM VOLATILITY | The ATR as a percentage value for FFIC suggests some volalility. |
| Average Directional Index/ADX (14) | 15.76 | NEGATIVE | The low ADX value for FFIC suggests a weak or negative 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 |
|---|---|---|---|
| 16.90 | 16.61 | 0.29 (1.72%) | 25.00% |
| An entry @16.90. This is a Buy Stop order right above the resistance zone. | An exit @16.61. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.29 points, which is 1.72%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.43%. |
- The distance between exit and entry is rather small compared to the average daily movement of FFIC. 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.
16.68
+0.12 (+0.72%)
FLUSHING FINANCIAL CORP / FFIC FAQ
What is the technical rating for FFIC stock?
ChartMill assigns a technical rating of 6 / 10 to FFIC.
What is the current trend direction of FLUSHING FINANCIAL CORP (FFIC) stock?
The current trend direction for FLUSHING FINANCIAL CORP (FFIC) is Bullish.
Can you provide the RSI signal for FLUSHING FINANCIAL CORP?
FLUSHING FINANCIAL CORP (FFIC) has an RSI value of 57.3693. This indicates that the stock is currently neutral.
What is the MACD signal for FFIC stock?
The MACD indicator for FLUSHING FINANCIAL CORP (FFIC) has a value of 0.0202737, indicating a bearish trend.
What are the support and resistance levels for FLUSHING FINANCIAL CORP (FFIC) stock?
FLUSHING FINANCIAL CORP (FFIC) has a support level at 16.64 and a resistance level at 16.89. Check the full technical report for our detailed analysis of FFIC support and resistance levels.