Franklin Financial Network Inc (FSB) Stock Technical Analysis
NYSE:FSB
We assign a technical rating of 8 out of 10 to FSB. FSB has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month FSB has a been trading in the 23.88 - 32.42 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- When comparing the yearly performance of all stocks, we notice that FSB is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- FSB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FSB is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although FSB has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
24.78
When analyzing the support we can see 2 important areas.
- A support zone ranging from 25.94 to 26.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @25.03 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for FSB is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FSB is up. |
| ChartMill Relative Strength | 80.91 | POSITIVE | FSB has a high relative strength, it outperformed 80.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FSB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FSB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of FSB is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 69.74 | NEUTRAL | The RSI value for FSB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.47 | POSITIVE | The MACD value suggests FSB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.06 | NEUTRAL | The Stochastics value for FSB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.69 | MEDIUM VOLATILITY | The ATR as a percentage value for FSB suggests some volalility. |
30.48
-0.41 (-1.33%)
Franklin Financial Network Inc / FSB FAQ
What is the ChartMill technical rating of Franklin Financial Network Inc (FSB) stock?
ChartMill assigns a technical rating of 7 / 10 to FSB.
Can you provide the trend direction for Franklin Financial Network Inc?
The current trend direction for Franklin Financial Network Inc (FSB) is Bearish.
What is the RSI signal for Franklin Financial Network Inc (FSB) stock?
Franklin Financial Network Inc (FSB) has an RSI value of 69.7436. This indicates that the stock is currently neutral.
Can you provide the MACD signal for Franklin Financial Network Inc?
The MACD indicator for Franklin Financial Network Inc (FSB) has a value of 0.471771, indicating a bearish trend.
What are the support and resistance levels for Franklin Financial Network Inc (FSB) stock?
Franklin Financial Network Inc (FSB) has a support level at 26.4. Check the full technical report for our detailed analysis of FSB support and resistance levels.