Technical Analysis for FBP - First BanCorp.
|Grade||Last Price||% Change||$ Change|
FBP closed down 0.18 percent on Friday, March 24, 2017, on 35 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Its advance stalled at its 200 day moving average, an important long-term support / resistance line. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
Trend Table & Recent Alerts
|See historical FBP trend table...|
|Date||Alert Name||Type||% Chg|
|Mar 24||200 DMA Resistance||Bearish||0.00%|
|Mar 24||NR7||Range Contraction||0.00%|
|Mar 23||200 DMA Resistance||Bearish||-0.18%|
|Mar 22||Spinning Top||Other||1.11%|
|Mar 22||Lower Bollinger Band Walk||Other||1.11%|
|Mar 21||Downside 200 DMA Break||Bearish||0.74%|
|Mar 21||Stochastic Reached Oversold||Other||0.74%|
|Mar 21||Expansion Breakdown||Bearish Swing Setup||0.74%|
|Mar 20||Evening Star||Bearish||-5.71%|
|Mar 17||Volume Surge||Other||-8.86%|
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First BanCorp. operates as the bank holding company for FirstBank Puerto Rico that provides a range of financial products and services to retail, commercial, and institutional clients. Its Consumer (Retail) Banking segment provides various loans, including auto, boat, and personal loans; credit cards; lines of credit; and deposit products comprising interest bearing and non-interest bearing checking and savings accounts, individual retirement accounts, and retail certificates of deposit, as well as engages in the finance leases and insurance activities. The companys Commercial and Corporate Banking segment offers commercial loans, including commercial real estate and construction loans, and floor plan financings; and other products, such as cash management and business management services, as well as is also involved in the broker-dealer activities, such as the underwriting of bonds and financial advisory services provided to government entities. Its Mortgage Banking segment engages in the origination, sale, and servicing of residential mortgage loans; acquisition and sale of mortgages in the secondary markets; and provision of mortgage loans purchased from other local banks and mortgage bankers. The companys Treasury and Investments segment engages in the investment portfolio and treasury activities, such as funding and liquidity management. Its United States Operations segment offers retail and commercial banking products and services, including loans and deposit products, as well as Internet banking services, cash management services, remote data capture, and automated clearing house transactions. The companys Virgin Islands Operations segment offers various loans and deposit products. As of March 26, 2013, First BanCorp. operated a total of 154 branches, stand-alone offices, and in-branch service centers in Puerto Rico, the U.S. and British Virgin Islands, and Florida. First BanCorp. was founded in 1948 and is headquartered in Santurce, Puerto Rico.
Is FBP a Buy, Sell or Hold?
|Indicator||Bull Case||Neutral / Hold||Bear Case|
|Oversold / Overbought|
|Summary:||Counts: 0 bullish, 4 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.|
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|52 Week High||7.05|
|52 Week Low||2.52|
|200-Day Moving Average||5.4935|
|50-Day Moving Average||6.363|
|20-Day Moving Average||5.974|
|10-Day Moving Average||5.678|
|Average True Range||0.2157|
|Chandelier Exit (Long, 3 ATRs)||5.9529|
|Chandelier Exit (Short, 3 ATRs)||5.9171|
|Upper Bollinger Band||6.6958|
|Lower Bollinger Band||5.2522|
|Percent B (%b)||0.14|