FIRST BANCORP INC (ME) - Daily - Technical analysis published on 09/17/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 26.60 USD
My targets
26.97 USD (+0.71%)
27.81 USD (+3.85%)
My analysis
A bullish trend on FIRST BANCORP INC (ME) both in substance and in the short term. A purchase could be considered as long as the price remains above 26.60 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 26.97 USD. Then the price could move towards 27.81 USD. Then 28.65 USD by extension. Be careful, a return below 26.60 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
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
7.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
FIRST BANCORP INC (ME) rating 26.78 USD. The price is lower by -2.69% since the last closing and was between 26.78 USD and 27.64 USD. This implies that the price is at 0% from its lowest and at -3.11% from its highest.26.78
27.64
26.78
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by FIRST BANCORP INC (ME):
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this FIRST BANCORP INC (ME) chart shows a bullish trend. 75% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 2
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 24.70 | 25.47 | 26.60 | 26.78 | 26.97 | 27.81 | 28.65 |
| Change (%) | -7.77% | -4.89% | -0.67% | - | +0.71% | +3.85% | +6.98% |
| Change | -2.08 | -1.31 | -0.18 | - | +0.19 | +1.03 | +1.87 |
| Level | Major | Intermediate | Intermediate | - | Minor | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26.81 | 27.11 | 27.31 | 27.61 | 27.81 | 28.11 | 28.31 |
| Camarilla | 27.38 | 27.43 | 27.47 | 27.52 | 27.57 | 27.61 | 27.66 |
| Woodie | 26.77 | 27.09 | 27.27 | 27.59 | 27.77 | 28.09 | 28.27 |
| Fibonacci | 27.11 | 27.30 | 27.42 | 27.61 | 27.80 | 27.92 | 28.11 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.64 | 24.57 | 26.14 | 27.07 | 28.64 | 29.57 | 31.14 |
| Camarilla | 27.02 | 27.25 | 27.48 | 27.71 | 27.94 | 28.17 | 28.40 |
| Woodie | 23.96 | 24.73 | 26.46 | 27.23 | 28.96 | 29.73 | 31.46 |
| Fibonacci | 24.57 | 25.53 | 26.12 | 27.07 | 28.03 | 28.62 | 29.57 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.03 | 23.11 | 24.26 | 25.34 | 26.48 | 27.56 | 28.70 |
| Camarilla | 24.79 | 24.99 | 25.20 | 25.40 | 25.60 | 25.81 | 26.01 |
| Woodie | 22.06 | 23.13 | 24.29 | 25.35 | 26.51 | 27.58 | 28.74 |
| Fibonacci | 23.11 | 23.96 | 24.49 | 25.34 | 26.19 | 26.71 | 27.56 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 66.82 | |
| MACD (12,26,9): | 0.5600 | |
| Directional Movement: | 16.94 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 26.69 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.63 | |
| Elder Ray (13): | 0.89 | |
| Super Trend (3,10): | 25.49 | |
| Zig ZAG (10): | 27.37 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 87.75 | |
| TEMA (21): | 27.25 | |
| Williams %R (14): | -16.54 | |
| Chande Momentum Oscillator (20): | 2.40 | |
| Repulse (5,40,3): | 2.5800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 17.70 |
| MA7: | 26.99 | |
| MA20: | 25.61 | |
| MA50: | 25.61 | |
| MA100: | 25.70 | |
| MAexp7: | 26.97 | |
| MAexp20: | 26.10 | |
| MAexp50: | 25.73 | |
| MAexp100: | 25.78 | |
| Price / MA7: | -0.78% | |
| Price / MA20: | +4.57% | |
| Price / MA50: | +4.57% | |
| Price / MA100: | +4.20% | |
| Price / MAexp7: | -0.70% | |
| Price / MAexp20: | +2.61% | |
| Price / MAexp50: | +4.08% | |
| Price / MAexp100: | +3.88% |
This member declared not having a position on this financial instrument or a related financial instrument.
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