FIRST BANCORP INC/ME (FNLC) Technical Analysis
NASDAQ:FNLC • US31866P1021
Current stock price
FNLC Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to FNLC. Although FNLC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Warning: FNLC has an average volume of 18782 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 positive. This is a very positive sign.
- FNLC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FNLC is lagging the market slightly.
- In the last month FNLC has a been trading in the 27.72 - 29.95 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.
- When compared to the yearly performance of all other stocks, FNLC outperforms 62% of them, which is more or less in line with the market.
- FNLC is an average performer in the Banks industry, it outperforms 50% of 376 stocks in the same industry.
FNLC Weekly and Daily overview Charts
FNLC Setup Rating and Analysis
Although the technical rating is only medium, FNLC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
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FNLC Support and Resistance Analysis
22.48
When analyzing the support we can see 5 important areas.
- A support zone ranging from 28.83 to 28.92. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 27.52 to 27.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 26.49 to 26.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @25.59 from a trend line in the weekly time frame.
- Support @22.71 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 29.00 to 29.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | UP | POSITIVE | The long term trend for FNLC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FNLC is up. |
| ChartMill Relative Strength | 62.3 | NEUTRAL | FNLC is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of FNLC is above a declining 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) | 53.65 | NEUTRAL | The RSI value for FNLC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests FNLC has a negative trend. |
| Stochastics (14,3) | 46.29 | NEUTRAL | The Stochastics value for FNLC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.29 | MEDIUM VOLATILITY | The ATR as a percentage value for FNLC suggests some volalility. |
| Average Directional Index/ADX (14) | 20.46 | NEUTRAL | The ADX value for FNLC suggests a possible start of a new trend. |
FNLC Chart- and CandleStick Pattern Analysis
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 |
|---|---|---|---|
| 29.43 | 28.82 | 0.61 (2.07%) | 25.00% |
| An entry @29.43. This is a Buy Stop order right above the resistance zone. | An exit @28.82. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.61 points, which is 2.07%. | For a 0.52% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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
29
-0.05 (-0.17%)
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 6 / 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 FIRST BANCORP INC/ME (FNLC) stock?
FIRST BANCORP INC/ME (FNLC) has an RSI value of 53.6482. This indicates that the stock is currently neutral.
What is the MACD signal for FNLC stock?
The MACD indicator for FIRST BANCORP INC/ME (FNLC) has a value of -0.0422753, indicating a bearish trend.
Can you provide the support and resistance levels for FIRST BANCORP INC/ME?
FIRST BANCORP INC/ME (FNLC) has a support level at 28.92 and a resistance level at 29. Check the full technical report for our detailed analysis of FNLC support and resistance levels.