FINWARD BANCORP (FNWD) Stock Technical Analysis
NASDAQ:FNWD • US31812F1093
We assign a technical rating of 7 out of 10 to FNWD. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- Warning: FNWD has an average volume of 14852 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- Looking at the yearly performance, FNWD did better than 76% of all other stocks. We also observe that the gains produced by FNWD over the past year are nicely spread over this period.
- FNWD is one of the better performing stocks in the Banks industry, it outperforms 79% of 379 stocks in the same industry.
- FNWD 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 FNWD is lagging the market slightly.
- In the last month FNWD has a been trading in the 35.20 - 38.99 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, FNWD also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 38.94. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 37.29, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FNWD in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
26.05
When analyzing the support we can see 7 important areas.
- A support zone ranging from 36.61 to 37.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 34.64 to 35.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @33.97 from a horizontal line in the daily time frame.
- Support @33.20 from a horizontal line in the daily time frame.
- Support @27.93 from a trend line in the weekly time frame.
- Support @27.12 from a horizontal line in the weekly time frame.
- Support @26.31 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 38.94 to 38.95. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 39.93 to 39.94. This zone is formed by a combination of multiple trend lines 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 FNWD is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FNWD is neutral. |
| ChartMill Relative Strength | 76.76 | POSITIVE | FNWD has a high relative strength, it outperformed 76.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FNWD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of FNWD is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FNWD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.14 | NEUTRAL | The RSI value for FNWD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests FNWD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 47.59 | NEUTRAL | The Stochastics value for FNWD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.78 | MEDIUM VOLATILITY | The ATR as a percentage value for FNWD suggests some volalility. |
| Average Directional Index/ADX (14) | 14.87 | NEGATIVE | The low ADX value for FNWD suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 38.96 | 36.60 | 2.36 (6.06%) | 16.51% |
| An entry @38.96. This is a Buy Stop order right above the resistance zone. | An exit @36.60. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.36 points, which is 6.06%. | When investing 16.51% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
37.36
+0.32 (+0.86%)
FINWARD BANCORP / FNWD FAQ
What is the technical rating for FNWD stock?
ChartMill assigns a technical rating of 7 / 10 to FNWD.
What is the trend direction for FNWD stock?
The current trend direction for FINWARD BANCORP (FNWD) is Bullish.
What is the RSI signal for FNWD stock?
FINWARD BANCORP (FNWD) has an RSI value of 53.1433. This indicates that the stock is currently neutral.
What is the MACD signal for FNWD stock?
The MACD indicator for FINWARD BANCORP (FNWD) has a value of -0.0805148, indicating a bearish trend.
What is the support and resistance level for FNWD stock?
FINWARD BANCORP (FNWD) has a support level at 37.29 and a resistance level at 38.94. Check the full technical report for our detailed analysis of FNWD support and resistance levels.