Taking everything into account, FMBH scores 7 out of 10 in our technical rating. Although FMBH is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- FMBH is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month FMBH has a been trading in the 37.82 - 42.81 range, which is quite wide. It is currently trading near the high of this range.
- Looking at the yearly performance, FMBH did better than 75% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- FMBH is an average performer in the Banks industry, it outperforms 60% of 383 stocks in the same industry.
Although FMBH 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.
More info and screens
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6 important support areas can be observed.
- A support zone ranging from 39.24 to 40.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @38.62 from a horizontal line in the daily time frame.
- A support zone ranging from 36.88 to 37.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 34.97 to 35.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @32.08 from a trend line in the weekly time frame.
- Support @30.32 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 41.98 to 42.29. 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 FMBH is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FMBH is up. |
| ChartMill Relative Strength | 75.18 | POSITIVE | FMBH has a high relative strength, it outperformed 75.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of FMBH is above a declining 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) | UP | POSITIVE | The current price of FMBH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.35 | NEUTRAL | The RSI value for FMBH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests FMBH has a positive trend. |
| Stochastics (14,3) | 93.38 | OVERBOUGHT | The high Stochastics value suggests FMBH may be overbought. |
| Average True Range in percent/ATR (20) | 2.45 | MEDIUM VOLATILITY | The ATR as a percentage value for FMBH suggests some volalility. |
| Average Directional Index/ADX (14) | 21.67 | NEUTRAL | The ADX value for FMBH suggests a possible start of a new trend. |
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FIRST MID BANCSHARES INC / FMBH FAQ
What is the technical rating for FMBH stock?
ChartMill assigns a technical rating of 7 / 10 to FMBH.
Can you provide the trend direction for FIRST MID BANCSHARES INC?
The current trend direction for FIRST MID BANCSHARES INC (FMBH) is Bullish.
Can you provide the RSI signal for FIRST MID BANCSHARES INC?
FIRST MID BANCSHARES INC (FMBH) has an RSI value of 63.3489. This indicates that the stock is currently neutral.
What is the MACD signal for FMBH stock?
The MACD indicator for FIRST MID BANCSHARES INC (FMBH) has a value of 0.124009, indicating a bearish trend.
What is the short term momentum for FIRST MID BANCSHARES INC (FMBH) stock?
The short term momentum for FIRST MID BANCSHARES INC (FMBH) is positive.