FIRST NATIONAL CORP/VA (FXNC) Stock Technical Analysis
USA - NASDAQ:FXNC - US32106V1070 - Common Stock
Taking everything into account, FXNC scores 6 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, FXNC is only an average performer.
FXNC has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 23.41. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.43, a Stop Loss order could be placed below this zone.
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19.82
When analyzing the support we can see 3 important areas.
- A support zone ranging from 22.20 to 22.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.77 to 21.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.02 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 23.41 to 24.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 53.92 | NEUTRAL | FXNC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of FXNC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of FXNC is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of FXNC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.18 | NEUTRAL | The RSI value for FXNC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests FXNC has a positive trend. |
| Stochastics (14,3) | 73.8 | NEUTRAL | The Stochastics value for FXNC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.57 | MEDIUM VOLATILITY | The ATR as a percentage value for FXNC suggests some volalility. |
| Average Directional Index/ADX (14) | 18.71 | NEGATIVE | The low ADX value for FXNC 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 |
|---|---|---|---|
| 23.25 | 22.19 | 1.06 (4.54%) | 22.03% |
| An entry @23.25. This is a Buy Stop order right above the 10 day high. | An exit @22.19. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.06 points, which is 4.54%. | When investing 22.03% 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.
22.71
-0.24 (-1.05%)
FIRST NATIONAL CORP/VA / FXNC FAQ
What is the ChartMill technical rating of FIRST NATIONAL CORP/VA (FXNC) stock?
ChartMill assigns a technical rating of 6 / 10 to FXNC.
What is the trend direction for FXNC stock?
The current trend direction for FIRST NATIONAL CORP/VA (FXNC) is Bullish.
Can you provide the RSI signal for FIRST NATIONAL CORP/VA?
FIRST NATIONAL CORP/VA (FXNC) has an RSI value of 52.1833. This indicates that the stock is currently neutral.
What is the short term momentum for FIRST NATIONAL CORP/VA (FXNC) stock?
The short term momentum for FIRST NATIONAL CORP/VA (FXNC) is positive.
What is the buy/sell signal for FIRST NATIONAL CORP/VA (FXNC) stock?
The buy/sell signal for FIRST NATIONAL CORP/VA (FXNC) is buy as both the short term and long term trends are positive.