FIRST CITIZENS BANCSHARES INC. - Daily - Technical analysis published on 01/26/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 1,442.19 USD
My targets
1,509.50 USD (+2.54%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on FIRST CITIZENS BANCSHARES INC. as long as the price remains well above 1,442.19 USD. The buyers' bullish objective is set at 1,509.50 USD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The FIRST CITIZENS BANCSHARES INC. price is 1,472.15 USD. The price has increased by +4.23% since the last closing and was between 1,383.00 USD and 1,539.51 USD. This implies that the price is at +6.45% from its lowest and at -4.38% from its highest.1,383.00
1,539.51
1,472.15
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of FIRST CITIZENS BANCSHARES INC. in Daily shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Daily
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : Daily
MACD indicator is back over 0
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Resistance of triangle is broken
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bullish signals that could support the hypothesis of a small rebound in the very short term:
White line without lower shadow
Type : Bullish
Timeframe : Daily
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
Long white line
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 1,288.64 | 1,375.97 | 1,442.19 | 1,472.15 | 1,509.50 |
| Change (%) | -12.47% | -6.53% | -2.04% | - | +2.54% |
| Change | -183.51 | -96.18 | -29.96 | - | +37.35 |
| Level | Intermediate | Major | Intermediate | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,330.92 | 1,357.67 | 1,385.04 | 1,411.79 | 1,439.16 | 1,465.91 | 1,493.28 |
| Camarilla | 1,397.53 | 1,402.49 | 1,407.45 | 1,412.41 | 1,417.37 | 1,422.33 | 1,427.29 |
| Woodie | 1,331.23 | 1,357.83 | 1,385.35 | 1,411.95 | 1,439.47 | 1,466.07 | 1,493.59 |
| Fibonacci | 1,357.67 | 1,378.34 | 1,391.12 | 1,411.79 | 1,432.46 | 1,445.24 | 1,465.91 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,327.76 | 1,345.87 | 1,377.77 | 1,395.88 | 1,427.78 | 1,445.89 | 1,477.79 |
| Camarilla | 1,395.93 | 1,400.51 | 1,405.10 | 1,409.68 | 1,414.26 | 1,418.85 | 1,423.43 |
| Woodie | 1,334.67 | 1,349.32 | 1,384.68 | 1,399.33 | 1,434.69 | 1,449.34 | 1,484.70 |
| Fibonacci | 1,345.87 | 1,364.97 | 1,376.77 | 1,395.88 | 1,414.98 | 1,426.78 | 1,445.89 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,231.32 | 1,312.51 | 1,365.74 | 1,446.93 | 1,500.16 | 1,581.35 | 1,634.58 |
| Camarilla | 1,382.01 | 1,394.33 | 1,406.65 | 1,418.97 | 1,431.29 | 1,443.61 | 1,455.94 |
| Woodie | 1,217.34 | 1,305.52 | 1,351.76 | 1,439.94 | 1,486.18 | 1,574.36 | 1,620.60 |
| Fibonacci | 1,312.51 | 1,363.86 | 1,395.58 | 1,446.93 | 1,498.28 | 1,530.00 | 1,581.35 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 60.67 | |
| MACD (12,26,9): | 3.7600 | |
| Directional Movement: | 18.19 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 1,420.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,378.74 | |
| Elder Ray (13): | 39.86 | |
| Super Trend (3,10): | 1,318.94 | |
| Zig ZAG (10): | 1,474.14 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 51.82 | |
| TEMA (21): | 1,425.58 | |
| Williams %R (14): | -37.24 | |
| Chande Momentum Oscillator (20): | 83.62 | |
| Repulse (5,40,3): | 3.9900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 2.70 |
| MA7: | 1,426.27 | |
| MA20: | 1,411.09 | |
| MA50: | 1,429.42 | |
| MA100: | 1,394.18 | |
| MAexp7: | 1,429.25 | |
| MAexp20: | 1,418.89 | |
| MAexp50: | 1,414.88 | |
| MAexp100: | 1,384.15 | |
| Price / MA7: | +3.22% | |
| Price / MA20: | +4.33% | |
| Price / MA50: | +2.99% | |
| Price / MA100: | +5.59% | |
| Price / MAexp7: | +3.00% | |
| Price / MAexp20: | +3.75% | |
| Price / MAexp50: | +4.05% | |
| Price / MAexp100: | +6.36% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on FIRST CITIZENS BANCSHARES INC. at the time of the generation of this analysis was as follows:
- First Citizens Launches Streamlined Solution for Securities-Based Lines of Credit
- Nolan Joins First Citizens as Director of Investment Strategy
- Biliter Joins First Citizens Investor Services as President
- Gilland Joins First Citizens Bank as Director of Private Banking
- First Citizens Wealth Management Selects Envestnet for Integrated Intelligent Platform
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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