FIRST BANCORP INC/ME (FNLC) Stock Technical Analysis
NASDAQ:FNLC - Nasdaq - US31866P1021 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to FNLC. FNLC has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
FNLC is one of the lesser performing stocks in the Banks industry. 60% of 397 stocks in the same industry do better.
FNLC is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
Warning: FNLC has an average volume of 19596 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month FNLC has a been trading in the 22.11 - 24.98 range, which is quite wide. It is currently trading near the high of this range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When comparing the performance of all stocks over the past year, FNLC turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.
Although the technical rating is bad, FNLC does present a nice setup opportunity. 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 resistance zone just above the current price starting at 25.32. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- 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
22.09
29.71
When analyzing the support we notice one important area.
- A support zone ranging from 22.31 to 22.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @25.32 from a horizontal line in the daily time frame.
- A resistance zone ranging from 25.91 to 26.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @29.42 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.35
Mansfield-0.31
10 Day High24.98
10 Day Low23.85
20 Day High24.98
20 Day Low22.11
52 Week High31.05
52 Week Low22.11
Performance
1 Week-0.28%
2 Weeks1.11%
1 Month2.15%
3 Month-4.53%
6 Month-15.95%
12 Month5.07%
2 Year4.09%
3 Year-18.5%
5 Year19.7%
10 Year44.61%
15 Year67.6%
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)
Technical Indicators
MACD(12,26,9)0.16
RSI(14)54.73
LBB23.11
UBB25.27
24.67
+0.04 (+0.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.16%
1 Week-0.28%
2 Weeks1.11%
1 Month2.15%
3 Month-4.53%
6 Month-15.95%
12 Month5.07%
2 Year4.09%
3 Year-18.5%
5 Year19.7%
10 Year44.61%
15 Year67.6%
Volatility
ATR(14)0.68
ATR(20)%3.55%
ATR Inc-22.93%
Range Today0.61
ADR(20)0.84
ADR(20)%3.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.35
Mansfield-0.31
10 Day High24.98
10 Day Low23.85
20 Day High24.98
20 Day Low22.11
52 Week High31.05
52 Week Low22.11
CS1 End22.67
CR1 Start25.32
Volume & EV
DER(3)-2.63%
DER(5)-2.42%
Volume26.81K
Volume Incr-27.81%
Vol(5)16.42K
Vol(50)19.60K