First Bancorp (FBP): Price Now Near $13.32; Daily Chart Shows An Uptrend on 50 Day Basis

The Hourly View for FBP

At the time of this writing, FBP (Get Ratings)’s price is down $-0.02 (-0.11%) from the hour prior. This is the 2nd hour in a row FBP has seen its price head down. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. 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.

Out of Banking stocks, FBP ranks 94th in regards to today’s price percentage change.

FBP’s Technical Outlook on the Daily Chart

At the moment, FBP’s price is down $-0.21 (-1.55%) from the day prior. This is a reversal of the price action on the previous day, in which price moved up. Regarding the trend, note that the strongest trend exists on the 20 day timeframe. 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 chart below shows FBP’s price action over the past 90 days.



FBP: Daily RSI Analysis

  • For FBP, its RSI is now at 10.6383.
  • Note: FBP and RSI appear to be diverging in terms of their respective trends, with FBP rising at a slower rate than RSI.

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