We assign a technical rating of 8 out of 10 to FFIC. Although FFIC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although FFIC has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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10.98
When analyzing the support we can see 4 important areas.
- Support @14.84 from a horizontal line in the daily time frame.
- A support zone ranging from 12.88 to 12.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.15 from a horizontal line in the daily time frame.
- Support @11.09 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 15.64 to 15.64. 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 | 57.63 | 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) | UP | POSITIVE | The current price of FFIC is above the rising 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) | 64.7 | NEUTRAL | The RSI value for FFIC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests FFIC has a positive trend. |
| Stochastics (14,3) | 84.09 | OVERBOUGHT | The high Stochastics value suggests FFIC may be overbought. |
| Average True Range in percent/ATR (20) | 3.62 | MEDIUM VOLATILITY | The ATR as a percentage value for FFIC suggests some volalility. |
| Average Directional Index/ADX (14) | 13.86 | 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 |
|---|---|---|---|
| 15.65 | 14.83 | 0.82 (5.24%) | 19.09% |
| An entry @15.65. This is a Buy Stop order right above the resistance zone. | An exit @14.83. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.82 points, which is 5.24%. | For a 1.00% total portfolio risk, you can invest 19.09% of your capital in this trade. |
- 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.
15.63
+0.57 (+3.78%)
FLUSHING FINANCIAL CORP / FFIC FAQ
What is the ChartMill technical rating of FLUSHING FINANCIAL CORP (FFIC) stock?
ChartMill assigns a technical rating of 8 / 10 to FFIC.
Can you provide the trend direction for FLUSHING FINANCIAL CORP?
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 64.702. This indicates that the stock is currently neutral.
What is the short term momentum for FFIC stock?
The short term momentum for FLUSHING FINANCIAL CORP (FFIC) is positive.
What is the support and resistance level for FFIC stock?
FLUSHING FINANCIAL CORP (FFIC) has a support level at 14.84 and a resistance level at 15.64. Check the full technical report for our detailed analysis of FFIC support and resistance levels.