FARMERS & MERCHANTS BANCO/OH (FMAO) Technical Analysis
NASDAQ:FMAO • US30779N1054
Current stock price
FMAO Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to FMAO. FMAO has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- FMAO is one of the lesser performing stocks in the Banks industry. 75% of 380 stocks in the same industry do better.
- FMAO is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- When compared to the yearly performance of all other stocks, FMAO outperforms 42% of them, which is more or less in line with the market.
- FMAO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so FMAO is lagging the market slightly.
FMAO Weekly and Daily overview Charts
FMAO Setup Rating and Analysis
Although the technical rating is bad, FMAO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 25.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.39, a Stop Loss order could be placed below this zone.
More info and screens
FMAO Support and Resistance Analysis
22.93
2 important support areas can be observed.
- A support zone ranging from 24.32 to 24.39. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 23.16 to 23.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 25.01 to 25.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @29.19 from a trend line in the weekly time frame.
FMAO Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for FMAO is down. |
| ChartMill Relative Strength | 42.31 | NEUTRAL | FMAO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FMAO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FMAO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of FMAO is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.62 | NEUTRAL | The RSI value for FMAO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests FMAO has a positive trend. |
| Stochastics (14,3) | 50.57 | NEUTRAL | The Stochastics value for FMAO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.16 | MEDIUM VOLATILITY | The ATR as a percentage value for FMAO suggests some volalility. |
| Average Directional Index/ADX (14) | 19.93 | NEGATIVE | The low ADX value for FMAO suggests a weak or negative trend. |
FMAO Chart- and CandleStick Pattern Analysis
FMAO Technicals: Chart, Performance Metrics, Trend & Indicators
24.92
-0.24 (-0.95%)
FARMERS & MERCHANTS BANCO/OH / FMAO TA FAQ
Can you provide the ChartMill technical rating for FARMERS & MERCHANTS BANCO/OH?
ChartMill assigns a technical rating of 1 / 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 43.6199. 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 negative.
Can you provide the support and resistance levels for FARMERS & MERCHANTS BANCO/OH?
FARMERS & MERCHANTS BANCO/OH (FMAO) has a support level at 24.39 and a resistance level at 25.01. Check the full technical report for our detailed analysis of FMAO support and resistance levels.