Taking everything into account, FMBI scores 7 out of 10 in our technical rating. In the last year, FMBI was one of the better performers, but we do observe some doubts in the very recent evolution.
Besides having an excellent technical rating, FMBI also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 21.09, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
18.75
We found 2 important support areas.
- A support zone ranging from 20.44 to 21.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 18.94 to 19.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @22.39 from a trend line in the weekly 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 FMBI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FMBI is neutral. |
| ChartMill Relative Strength | 81.71 | POSITIVE | FMBI has a high relative strength, it outperformed 81.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of FMBI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FMBI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FMBI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.9 | NEUTRAL | The RSI value for FMBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests FMBI has a positive trend. |
| Stochastics (14,3) | 63.63 | NEUTRAL | The Stochastics value for FMBI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.91 | MEDIUM VOLATILITY | The ATR as a percentage value for FMBI suggests some volalility. |
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 |
|---|---|---|---|
| 22.40 | 20.58 | 1.82 (8.13%) | 12.31% |
| An entry @22.40. This is a Buy Stop order right above the resistance zone. | An exit @20.58. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.82 points, which is 8.13%. | When investing 12.31% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
21.51
+0.58 (+2.77%)
FIRST MIDWEST BANCORP INC/IL / FMBI FAQ
What is the technical rating for FMBI stock?
ChartMill assigns a technical rating of 6 / 10 to FMBI.
What is the trend direction for FMBI stock?
The current trend direction for FIRST MIDWEST BANCORP INC/IL (FMBI) is Bullish.
What is the RSI signal for FMBI stock?
FIRST MIDWEST BANCORP INC/IL (FMBI) has an RSI value of 56.8956. This indicates that the stock is currently neutral.
What is the short term momentum for FIRST MIDWEST BANCORP INC/IL (FMBI) stock?
The short term momentum for FIRST MIDWEST BANCORP INC/IL (FMBI) is neutral.