Taking everything into account, FMAO scores 6 out of 10 in our technical rating. FMAO has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- FMAO is part of the Banks industry. There are 383 other stocks in this industry, of which 67% are performing better than FMAO.
- Warning: FMAO has an average volume of 24140 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- FMAO 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 FMAO is lagging the market slightly.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When compared to the yearly performance of all other stocks, FMAO outperforms 56% of them, which is more or less in line with the market.
- In the last month FMAO has a been trading in the 23.55 - 27.54 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
FMAO has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 28.19. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for FMAO in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
22.78
When analyzing the support we can see 5 important areas.
- Support @26.79 from a trend line in the weekly time frame.
- A support zone ranging from 25.44 to 25.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 24.38 to 24.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @23.79 from a horizontal line in the weekly time frame.
- A support zone ranging from 23.01 to 23.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 28.19 to 28.19. 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 | NEUTRAL | NEUTRAL | The long term trend for FMAO is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FMAO is neutral. |
| ChartMill Relative Strength | 56.62 | NEUTRAL | FMAO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FMAO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FMAO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FMAO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.26 | NEUTRAL | The RSI value for FMAO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests FMAO has a positive trend. |
| Stochastics (14,3) | 60.95 | NEUTRAL | The Stochastics value for FMAO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.22 | MEDIUM VOLATILITY | The ATR as a percentage value for FMAO suggests some volalility. |
| Average Directional Index/ADX (14) | 22.24 | NEUTRAL | The ADX value for FMAO suggests a possible start of a new 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 |
|---|---|---|---|
| 28.20 | 26.78 | 1.42 (5.04%) | 19.86% |
| An entry @28.20. This is a Buy Stop order right above the resistance zone. | An exit @26.78. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.42 points, which is 5.04%. | For a 1.00% total portfolio risk, you can invest 19.86% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of FMAO. 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.
26.83
+0.63 (+2.4%)
FARMERS & MERCHANTS BANCO/OH / FMAO FAQ
Can you provide the ChartMill technical rating for FARMERS & MERCHANTS BANCO/OH?
ChartMill assigns a technical rating of 6 / 10 to FMAO.
What is the trend direction for FMAO stock?
The current trend direction for FARMERS & MERCHANTS BANCO/OH (FMAO) is Bearish.
Can you provide the RSI signal for FARMERS & MERCHANTS BANCO/OH?
FARMERS & MERCHANTS BANCO/OH (FMAO) has an RSI value of 59.2622. This indicates that the stock is currently neutral.
Can you provide the short term momentum for FARMERS & MERCHANTS BANCO/OH?
The short term momentum for FARMERS & MERCHANTS BANCO/OH (FMAO) is neutral.
Can you provide the support and resistance levels for FARMERS & MERCHANTS BANCO/OH?
FARMERS & MERCHANTS BANCO/OH (FMAO) has a support level at 26.79 and a resistance level at 28.19. Check the full technical report for our detailed analysis of FMAO support and resistance levels.