FULTON FINANCIAL CORP (FULT)       18.6  +0.08 (+0.43%)

18.6  +0.08 (+0.43%)

US3602711000 - Common Stock - After market: 18.6 0 (0%)

Technical Rating

8

Taking everything into account, FULT scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, FULT is only an average performer.



Both the short term and long term trends are positive. This is a very positive sign.
FULT is one of the better performing stocks in the Banks industry, it outperforms 83% of 321 stocks in the same industry.
FULT is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so FULT slightly outperforms the market at the moment.
In the last month FULT has a been trading in the 17.82 - 18.91 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.
Looking at the yearly performance, FULT did better than 90% of all other stocks. However, this relatively good performance is mostly due to a recent big move.

Statistics

1 Month 3 Months 6 Months 12 Months 4.03% 15.46% 18.70% 15.82% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 90.09 13.715 - 19.17
FULT Weekly chart
FULT Daily chart

Support/Resistance Analysis


14.63

19.07
When analyzing the support we can see 6 important areas.
  • A support zone ranging from 17.96 to 18.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 17.33 to 17.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 16.66 to 16.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @16.25 from a horizontal line in the daily time frame.
  • Support @15.82 from a horizontal line in the daily time frame.
  • Support @14.78 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
  • A resistance zone ranging from 18.79 to 18.88. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

9

Besides having an excellent technical rating, FULT also presents a decent setup pattern. 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. There is a resistance zone just above the current price starting at 18.79. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 18.57, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • 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.

Possible Trading Setup

The following trade can be suggested based on the decent technical rating and setup score.


ENTRYEXITDISTANCECAPITAL
18.8917.980.91 (4.82%)20.76%
An entry @18.89. This is a Buy Stop order right above the resistance zone.An exit @17.98. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 0.91 points, which is 4.82%.For a 1.00% total portfolio risk, you can invest 20.76% of your capital in this trade.

  • 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.
FULT Daily chart

FULTON FINANCIAL CORP18.6

NASDAQ:FULT (12/2/2022, 3:17:23 PM)+0.08 (+0.43%)

After market: 18.6 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Banks
Performance
Today 0.43% 1 Week -0.69%
2 Weeks 3.56% 1 Month 4.03%
3 Month 15.46% 6 Month 18.7%
Volatility
ATR(14) 0.33 ATR(20)% 1.89%
ATR Inc -20.18% Range Today 0.26
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 90.09 Mansfield 1.29
10 Day High 18.78 10 Day Low 17.99
20 Day High 18.91 20 Day Low 17.82
52 Week High 19.17 52 Week Low 13.72
CS1 End 18.57 CR1 Start 18.79
Volume & EV
DER(3) 0.57% DER(5) -0.39%
Volume 570.97K Volume Incr -2.84%
Vol(5) 762.03K Vol(50) 924.46K

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