We assign a technical rating of 4 out of 10 to FNLC. In the last year, FNLC 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.
FNLC has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 26.18, a Stop Loss order could be placed below this zone.
More info and screens
22.09
We found 5 important support areas.
- A support zone ranging from 26.05 to 26.20. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @25.42 from a horizontal line in the daily time frame.
- A support zone ranging from 24.78 to 24.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @23.67 from a horizontal line in the daily time frame.
- A support zone ranging from 22.31 to 22.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 27.54 to 27.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @28.36 from a horizontal line 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 FNLC is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FNLC is down. |
| ChartMill Relative Strength | 51.22 | NEUTRAL | FNLC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FNLC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FNLC is above 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) | 45.78 | NEUTRAL | The RSI value for FNLC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests FNLC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.48 | NEUTRAL | The Stochastics value for FNLC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.32 | MEDIUM VOLATILITY | The ATR as a percentage value for FNLC suggests some volalility. |
| Average Directional Index/ADX (14) | 15.9 | NEGATIVE | The low ADX value for FNLC suggests a weak or negative trend. |
26.24
-0.06 (-0.23%)
FIRST BANCORP INC/ME / FNLC FAQ
What is the ChartMill technical rating of FIRST BANCORP INC/ME (FNLC) stock?
ChartMill assigns a technical rating of 5 / 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 Bullish.
What is the RSI signal for FNLC stock?
FIRST BANCORP INC/ME (FNLC) has an RSI value of 45.7809. 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 -0.143017, 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 negative.