FUNC Technical Analysis - FIRST UNITED CORP

Technical Rating and Analysis

Overall FUNC gets a technical rating of 9 out of 10. In the last year, FUNC was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.

Both the short term and long term trends are positive. This is a very positive sign.

Looking at the yearly performance, FUNC did better than 87% of all other stocks.

FUNC is part of the Banks industry. There are 396 other stocks in this industry. FUNC outperforms 92% of them.

In the last month FUNC has a been trading in the 28.00 - 35.13 range, which is quite wide. It is currently trading near the high of this range.

FUNC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FUNC is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

FIRST UNITED CORP / FUNC Weekly stock chart

FIRST UNITED CORP / FUNC Daily stock chart

Setup Rating and Analysis

Although FUNC has an excellent technical rating, it does not offer a high quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

28.20

36.36

We found 5 important support areas.

A support zone ranging from 34.84 to 34.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 33.82 to 34.24. 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 32.88 to 32.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @29.36 from a trend line in the daily time frame.
Support @28.48 from a trend line in the weekly time frame.

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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 FUNC is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for FUNC is up.
ChartMill Relative Strength	87.03	POSITIVE	FUNC has a high relative strength, it outperformed 87.03% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of FUNC is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of FUNC is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of FUNC is above the rising SMA(200).
Relative Strength Index/RSI (14)	68.99	NEUTRAL	The RSI value for FUNC is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.19	POSITIVE	The MACD value suggests FUNC has a positive trend.
Stochastics (14,3)	88.22	OVERBOUGHT	The high Stochastics value suggests FUNC may be overbought.
Average True Range in percent/ATR (20)	3.73	MEDIUM VOLATILITY	The ATR as a percentage value for FUNC suggests some volalility.
Average Directional Index/ADX (14)	22.12	NEUTRAL	The ADX value for FUNC suggests a possible start of a new trend.