FIRST BANCORP INC/ME (FNLC) Stock Technical Analysis
NASDAQ:FNLC - Nasdaq - US31866P1021 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to FNLC. Recently some decent action could be observed, but in the medium term time frame this is still negative. FNLC was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, FNLC is a bad performer in the overall market: 75% of all stocks are doing better.
FNLC is part of the Banks industry. There are 396 other stocks in this industry, of which 84% are performing better than FNLC.
In the last month FNLC has a been trading in the 24.85 - 27.58 range, which is quite wide. It is currently trading near the lows of this range.
Warning: FNLC has an average volume of 21562 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
FNLC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FNLC is lagging the market.
FNLC has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 26.84. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.30, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FNLC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
22.37
29.71
We found 3 important support areas.
- A support zone ranging from 25.07 to 25.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.67 to 23.99. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 22.60 to 22.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 26.84 to 27.32. 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.
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 | 25.25 | NEGATIVE | FNLC has a low relative strength, it was outperformed by 74.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of FNLC is below the rising 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) | DOWN | NEGATIVE | The current price of FNLC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.43 | 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. |
| Stochastics (14,3) | 31.13 | NEUTRAL | The Stochastics value for FNLC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.84 | MEDIUM VOLATILITY | The ATR as a percentage value for FNLC suggests some volalility. |
| Average Directional Index/ADX (14) | 26.52 | POSITIVE | The high ADX value value for FNLC 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)
25.66
+0.78 (+3.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg3.14%
1 Week-4%
2 Weeks-0.62%
1 Month2.93%
3 Month7.01%
6 Month1.79%
12 Month-12.78%
2 Year-2.77%
3 Year-15.05%
5 Year27.41%
10 Year34.98%
15 Year83.29%
Volatility
ATR(14)0.73
ATR(20)%2.84%
ATR Inc110.86%
Range Today0.86
ADR(20)0.67
ADR(20)%2.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.25
Mansfield-0.97
10 Day High27.4
10 Day Low24.85
20 Day High27.58
20 Day Low24.85
52 Week High31.05
52 Week Low22.11
CS1 End25.3
CR1 Start26.84
Volume & EV
DER(3)3.37%
DER(5)2.25%
Volume22.30K
Volume Incr-36.15%
Vol(5)20.18K
Vol(50)21.56K