FARMERS & MERCHANTS BANCO/OH (FMAO) Stock Technical Analysis
NASDAQ:FMAO - Nasdaq - US30779N1054 - Common Stock - Currency: USD
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. 71% of 395 stocks in the same industry do better.
FMAO is currently trading in the lower part 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.
In the last month FMAO has a been trading in the 23.27 - 26.95 range, which is quite wide. It is currently trading near the lows of this range.
Warning: FMAO has an average volume of 18038 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
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 51% of them, which is more or less in line with the market.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, FMAO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
21.21
26.74
We found 2 important support areas.
- Support @22.05 from a trend line in the weekly time frame.
- A support zone ranging from 21.42 to 21.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 23.89 to 23.99. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 25.66 to 26.48. 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 | DOWN | NEGATIVE | The short term trend for FMAO is down. |
| ChartMill Relative Strength | 51.97 | 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) | DOWN | NEGATIVE | The current price of FMAO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.83 | NEUTRAL | The RSI value for FMAO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests FMAO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.6 | OVERSOLD | The low Stochastics value suggests FMAO may be oversold. |
| Average True Range in percent/ATR (20) | 4.04 | MEDIUM VOLATILITY | The ATR as a percentage value for FMAO suggests some volalility. |
| Average Directional Index/ADX (14) | 30.32 | POSITIVE | The high ADX value value for FMAO suggests a strong 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)
23.81
-0.25 (-1.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.04%
1 Week0.21%
2 Weeks-10.08%
1 Month-2.02%
3 Month-7.35%
6 Month-28.97%
12 Month7.93%
2 Year19.71%
3 Year-40.92%
5 Year9.57%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.03
ATR(20)%4.04%
ATR Inc-46.89%
Range Today0.56
ADR(20)0.93
ADR(20)%3.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS51.97
Mansfield-1.17
10 Day High26.95
10 Day Low23.27
20 Day High26.95
20 Day Low23.27
52 Week High34.15
52 Week Low19.95
CS1 End22.05
CR1 Start23.89
Volume & EV
DER(3)-15.78%
DER(5)-9.44%
Volume9.00K
Volume Incr-49.81%
Vol(5)8.66K
Vol(50)18.04K