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First Bancorp (FBP): Price Now Near $14.59; Daily Chart Shows An Uptrend on 50 Day Basis

The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment -- meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The post First Bancorp (FBP): Price Now Near $14.59; Daily Chart Shows An Uptrend on 50 Day Basis appeared first on ETF Daily News. ...

The Hourly View for FBP

At the moment, FBP (Get Ratings)’s price is up $0.28 (1.96%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes. Regarding moving averages, it should first be noted that price has crossed the 50 hour moving average, resulting in them so that price is now turning above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

FBP ranks 112th in terms of today’s price percentage change out of Banking stocks.

FBP’s Technical Outlook on the Daily Chart

At the time of this writing, FBP’s price is up $0.28 (1.96%) from the day prior. This is the 2nd day in a row FBP has seen its price head up. Regarding the trend, note that the strongest trend exists on the 100 day timeframe. Of note is that the 20 day changed directions on FBP; it is now pointing down. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. First Bancorp’s price action over the past 90 days can be seen via the chart below.

FBP

<In comparison to its 7 day average, FBP's volume of shares traded is 93.66% lower, now standing at 80055.

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FBP: Daily RSI Analysis

  • FBP’s RSI now stands at 77.7778.
  • FBP and RSI may be exhibiting divergent trends. This may be something to monitor.

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The post First Bancorp (FBP): Price Now Near $14.59; Daily Chart Shows An Uptrend on 50 Day Basis appeared first on ETF Daily News.

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