FIRST BANCORP INC/ME (FNLC) Technical Analysis
NASDAQ:FNLC • US31866P1021
Current stock price
27.72 USD
-0.32 (-1.14%)
At close:
27.72 USD
0 (0%)
After Hours:
FNLC Technical Rating and Analysis
Taking everything into account, FNLC scores 7 out of 10 in our technical rating. FNLC has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- Warning: FNLC has an average volume of 19524 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- When comparing the yearly performance of all stocks, we notice that FNLC is one of the better performing stocks in the market, outperforming 70% of all stocks. We also observe that the gains produced by FNLC over the past year are nicely spread over this period.
- FNLC is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so FNLC is performing more or less in line with the market.
- In the last month FNLC has a been trading in the 26.86 - 28.55 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- FNLC is part of the Banks industry. There are 380 other stocks in this industry, FNLC did better than 58% of them.
FNLC Weekly and Daily overview Charts
FNLC Setup Rating and Analysis
FNLC has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 27.66, a Stop Loss order could be placed below this zone.
More info and screens
FNLC Support and Resistance Analysis
22.48
30.31
5 important support areas can be observed.
- A support zone ranging from 27.53 to 27.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 26.49 to 27.01. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @25.33 from a trend line in the weekly time frame.
- A support zone ranging from 24.78 to 24.93. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @22.71 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 27.90 to 27.97. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @29.42 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 30.01 to 30.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
FNLC Technical Indicator Signal Analysis
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 FNLC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FNLC is neutral. |
| ChartMill Relative Strength | 70.07 | POSITIVE | FNLC has a high relative strength, it outperformed 70.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FNLC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of FNLC is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FNLC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.49 | NEUTRAL | The RSI value for FNLC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests FNLC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.82 | NEUTRAL | The Stochastics value for FNLC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.87 | MEDIUM VOLATILITY | The ATR as a percentage value for FNLC suggests some volalility. |
| Average Directional Index/ADX (14) | 14.74 | NEGATIVE | The low ADX value for FNLC suggests a weak or negative trend. |
FNLC Chart- and CandleStick Pattern Analysis
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)
FNLC Example Setup
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 |
|---|---|---|---|
| 27.98 | 27.52 | 0.46 (1.64%) | 25.00% |
| An entry @27.98. This is a Buy Stop order right above the resistance zone. | An exit @27.52. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.46 points, which is 1.64%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.41%. |
- The distance between exit and entry is rather small compared to the average daily movement of FNLC. Please evaluate whether better entry and exit points can be found.
- 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.
FNLC Technicals: Chart, Performance Metrics, Trend & Indicators
27.72
-0.32 (-1.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.14%
1 Week3.13%
2 Weeks1.32%
1 Month0.25%
3 Month3.24%
6 Month3.43%
12 Month11.64%
2 Year12.5%
3 Year7.07%
5 Year-5.04%
10 Year42.08%
15 Year81.77%
Volatility
ATR(14)0.74
ATR(20)%2.87%
ATR Inc-46.71%
Range Today0.5
ADR(20)0.76
ADR(20)%2.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.07
3 months CRS80.41
6 months CRS73.7
Mansfield0.75
10 Day High28.49
10 Day Low26.86
20 Day High28.55
20 Day Low26.86
52 Week High30.33
52 Week Low22.11
CS1 End27.66
CR1 Start27.9
Volume & EV
DER(3)-8.98%
DER(5)-4.99%
Volume10.60K
Volume Incr-7.79%
Vol(5)18.18K
Vol(50)19.52K
FIRST BANCORP INC/ME / FNLC TA FAQ
What is the ChartMill technical rating of FIRST BANCORP INC/ME (FNLC) stock?
ChartMill assigns a technical rating of 7 / 10 to FNLC.
Can you provide the trend direction for FIRST BANCORP INC/ME?
The current trend direction for FIRST BANCORP INC/ME (FNLC) is Bearish.
What is the RSI signal for FNLC stock?
FIRST BANCORP INC/ME (FNLC) has an RSI value of 49.4894. This indicates that the stock is currently neutral.
What is the MACD signal for FIRST BANCORP INC/ME (FNLC) stock?
The MACD indicator for FIRST BANCORP INC/ME (FNLC) has a value of 0.0587028, indicating a bearish trend.
Can you provide the short term momentum for FIRST BANCORP INC/ME?
The short term momentum for FIRST BANCORP INC/ME (FNLC) is neutral.