FIRST MID BANCSHARES INC (FMBH) Stock Technical Analysis
NASDAQ:FMBH - Nasdaq - US3208661062 - Common Stock - Currency: USD
Taking everything into account, FMBH scores 7 out of 10 in our technical rating. FMBH has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Besides having an excellent technical rating, FMBH also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 39.18. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 38.08, a Stop Loss order could be placed below this zone.
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30.02
When analyzing the support we can see 4 important areas.
- A support zone ranging from 36.43 to 38.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 34.94 to 34.97. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @31.86 from a trend line in the weekly time frame.
- Support @30.32 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 39.18 to 39.56. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
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 FMBH is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FMBH is up. |
| ChartMill Relative Strength | 61.21 | NEUTRAL | FMBH is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FMBH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FMBH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of FMBH is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.17 | NEUTRAL | The RSI value for FMBH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests FMBH has a negative trend. |
| Stochastics (14,3) | 69.88 | NEUTRAL | The Stochastics value for FMBH is a neutral value. |
| Average True Range in percent/ATR (20) | 3.05 | MEDIUM VOLATILITY | The ATR as a percentage value for FMBH suggests some volalility. |
| Average Directional Index/ADX (14) | 11.48 | NEGATIVE | The low ADX value for FMBH 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 |
|---|---|---|---|
| 39.57 | 36.45 | 3.12 (7.88%) | 12.68% |
| An entry @39.57. This is a Buy Stop order right above the resistance zone. | An exit @36.45. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.12 points, which is 7.88%. | For a 1.00% total portfolio risk, you can invest 12.68% of your capital in this trade. |
- 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.
38.09
-1.31 (-3.32%)