FARMERS NATL BANC CORP (FMNB) Stock Technical Analysis
USA - NASDAQ:FMNB - US3096271073 - Common Stock
14.63 USD
+0.03 (+0.21%)
14.63 USD
0 (0%)
Taking everything into account, FMNB scores 6 out of 10 in our technical rating. In the last year, FMNB was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
FMNB is one of the lesser performing stocks in the Banks industry. 66% of 392 stocks in the same industry do better.
In the last month FMNB has a been trading in the 14.41 - 15.50 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When compared to the yearly performance of all other stocks, FMNB outperforms 47% of them, which is more or less in line with the market.
FMNB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FMNB is lagging the market.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, FMNB does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 14.45, 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
11.62
15.21
When analyzing the support we can see 5 important areas.
- A support zone ranging from 14.29 to 14.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.82 to 13.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 12.74 to 13.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.03 from a horizontal line in the weekly time frame.
- Support @11.74 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 14.69 to 15.06. This zone is formed by a combination of multiple trend lines and important moving averages 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 FMNB is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FMNB is neutral. |
| ChartMill Relative Strength | 47.62 | NEUTRAL | FMNB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FMNB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FMNB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of FMNB is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.39 | NEUTRAL | The RSI value for FMNB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests FMNB has a negative trend. |
| Stochastics (14,3) | 33.03 | NEUTRAL | The Stochastics value for FMNB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.05 | MEDIUM VOLATILITY | The ATR as a percentage value for FMNB suggests some volalility. |
| Average Directional Index/ADX (14) | 26.17 | POSITIVE | The high ADX value value for FMNB 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)
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 |
|---|---|---|---|
| 15.07 | 14.40 | 0.67 (4.45%) | 22.49% |
| An entry @15.07. This is a Buy Stop order right above the resistance zone. | An exit @14.40. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.67 points, which is 4.45%. | When investing 22.49% 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.
14.63
+0.03 (+0.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.21%
1 Week-0.81%
2 Weeks-2.98%
1 Month-1.35%
3 Month6.55%
6 Month12.63%
12 Month0.07%
2 Year26.56%
3 Year11.76%
5 Year33.97%
10 Year77.98%
15 YearN/A
Volatility
ATR(14)0.33
ATR(20)%2.05%
ATR Inc18.16%
Range Today0.28
ADR(20)0.28
ADR(20)%1.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.62
Mansfield-0.62
10 Day High15.15
10 Day Low14.41
20 Day High15.5
20 Day Low14.41
52 Week High16.29
52 Week Low11.58
CS1 End14.45
CR1 Start14.69
Volume & EV
DER(3)-2.72%
DER(5)-0.76%
Volume113.94K
Volume Incr57.63%
Vol(5)136.89K
Vol(50)98.10K