FXNC Technical Analysis - FIRST NATIONAL CORP/VA

Technical Rating and Analysis

Overall FXNC gets a technical rating of 7 out of 10. FXNC has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.

The long and short term trends are both positive. This is looking good!

FXNC is one of the better performing stocks in the Banks industry, it outperforms 79% of 392 stocks in the same industry.

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.

Looking at the yearly performance, FXNC did better than 76% of all other 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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

FIRST NATIONAL CORP/VA / FXNC Weekly stock chart

FIRST NATIONAL CORP/VA / FXNC Daily stock chart

Setup Rating and Analysis

FXNC has an excellent technical rating, but the quality of the setup is only medium 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

18.27

22.30

When analyzing the support we can see 2 important areas.

Support @19.15 from a trend line in the weekly time frame.
A support zone ranging from 18.45 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.

A resistance zone ranging from 21.63 to 22.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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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 FXNC is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for FXNC is up.
ChartMill Relative Strength	76.53	POSITIVE	FXNC has a high relative strength, it outperformed 76.53% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of FXNC is below 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	MIXED	The current price of FXNC is below the rising SMA(200).
Relative Strength Index/RSI (14)	54.34	NEUTRAL	The RSI value for FXNC is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.05	NEGATIVE	The MACD value suggests FXNC has a negative trend.
Stochastics (14,3)	50.56	NEUTRAL	The Stochastics value for FXNC is a neutral value.
Average True Range in percent/ATR (20)	2.23	MEDIUM VOLATILITY	The ATR as a percentage value for FXNC suggests some volalility.
Average Directional Index/ADX (14)	35.63	POSITIVE	The high ADX value value for FXNC suggests a strong trend.