FIRST NATIONAL CORP/VA (FXNC) Stock Technical Analysis
NASDAQ:FXNC - US32106V1070 - Common Stock
23.44 USD
-0.23 (-0.97%)
23.24 USD
-0.2 (-0.85%)
We assign a technical rating of 9 out of 10 to FXNC. Both in the recent history as in the last year, FXNC has proven to be a steady performer, scoring decent points in every aspect analyzed.
Warning: FXNC has an average volume of 18701 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
FXNC is part of the Banks industry. There are 391 other stocks in this industry. FXNC outperforms 89% of them.
FXNC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When comparing the yearly performance of all stocks, we notice that FXNC is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
FXNC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FXNC is lagging the market.
Besides having an excellent technical rating, FXNC also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 23.43, a Stop Loss order could be placed below this zone.
More info and screens
18.32
23.68
5 important support areas can be observed.
- A support zone ranging from 22.79 to 23.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.82 to 22.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.02 from a horizontal line in the daily time frame.
- Support @19.51 from a trend line in the weekly time frame.
- A support zone ranging from 18.50 to 18.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @23.45 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 | UP | POSITIVE | The long term trend for FXNC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FXNC is up. |
| ChartMill Relative Strength | 85.29 | POSITIVE | FXNC has a high relative strength, it outperformed 85.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FXNC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FXNC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FXNC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.5 | NEUTRAL | The RSI value for FXNC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests FXNC has a negative trend. |
| Stochastics (14,3) | 83.49 | OVERBOUGHT | The high Stochastics value suggests FXNC may be overbought. |
| Average True Range in percent/ATR (20) | 1.68 | LOW VOLATILITY | The low ATR as a percentage value for FXNC suggests low volalility. |
| Average Directional Index/ADX (14) | 40.63 | POSITIVE | The high ADX value value for FXNC suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 23.46 | 23.01 | 0.45 (1.92%) | 25.00% |
| An entry @23.46. This is a Buy Stop order right above the resistance zone. | An exit @23.01. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.45 points, which is 1.92%. | For a 0.48% 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 FXNC. 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.
23.44
-0.23 (-0.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.97%
1 Week0.86%
2 Weeks-0.97%
1 Month9.74%
3 Month24.15%
6 Month5.35%
12 Month34.4%
2 Year33.11%
3 Year53.2%
5 Year66.01%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.37
ATR(20)%1.68%
ATR Inc-3.15%
Range Today0.47
ADR(20)0.36
ADR(20)%1.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.29
Mansfield-0.21
10 Day High23.82
10 Day Low23.02
20 Day High23.82
20 Day Low21.5
52 Week High26.97
52 Week Low17.25
CS1 End23.43
CR1 Start23.45
Volume & EV
DER(3)1.28%
DER(5)1.15%
Volume6.94K
Volume Incr-42.72%
Vol(5)9.09K
Vol(50)18.70K