First Bancorp (FBP) Mass Index Breaches Key Level

The Mass Index Volatility reading for First Bancorp (FBP) has dropped below 26.5, indicating a potential move is ahead for the shares.  The Mass Index is a volatility indicator developed by Donald Dorsey and discussed in the June 1992 issue of Technical Analysis of Stocks & Commodities. By analyzing the narrowing and widening of trading ranges, the indicator identifies potential reversals based on market patterns that aren’t frequently considered by technical analysts largely focused on singular price and volume movements.  The Mass Index indicator uses the difference between the high and low in a given interval to discover potential price reversals. The main assumption is that prices tend to reverse when ranges widen beyond historical averages. Since this difference is constantly changing (ranges are always widening and narrowing), traders can use the Mass Index to generate trade shows, which occur when the index line (typically 25 periods) moves above 27 and then drops below 26.5.

Keeping an eye on moving averages for First Bancorp (FBP), the 50-day is 9.08, the 200-day is at 7.99, and the 7-day is 8.87. Moving averages have the ability to be used as a powerful indicator for technical stock analysis. Following multiple time frames using moving averages can aid investors think through where the stock has been and aid figure out where it may be possibly going. The simple moving average is a mathematical calculation that takes the average price (mean) for a given amount of time.

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Traders may also be paying close attention to RSI levels on shares of First Bancorp (FBP). The current 14-day RSI is currently sitting at 41.82, the 7-day is 37.08, and the 3-day is 33.58. The RSI, or Relative Strength Index is a sought-after oscillating indicator among traders and investors. The RSI operates in a range-bound area with values between 0 and 100. When the RSI line moves up, the stock may be experiencing strength. The opposite is the case when the RSI line is heading lower. Different time periods may be used when using the RSI indicator. The RSI may be more volatile using a shorter season of time. Many traders keep an eye on the 30 and 70 marks on the RSI scale. A move above 70 is widely considered to show the stock as overbought, and a move below 30 would indicate that the stock may be oversold. Traders may use these levels to aid identify equity price reversals.

When completing stock analysis, investors and traders may opt to review different technical levels. First Bancorp (FBP) presently has a 14-day Commodity Channel Index (CCI) of -86.52. Investors and traders may use this indicator to aid discover price reversals, price extremes, and the strength of a trend. Many investors will use the CCI in conjunction with different indicators when evaluating a trade. The CCI may be used to discover if a stock is entering overbought (+100) and oversold (-100) territory. The Average Directional Index or ADX is frequently considered to be an vital gizmo for technical trading or investing. The ADX is a technical indicator developed by J. Welles Wilder used to figure out the strength of a trend. The ADX is frequently used along with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of the trend. Presently, the 14-day ADX is resting at 18.44.

Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend.

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