First Connecticut Bancorp Inc (NASDAQ:FBNK) Stock Technicals Hit Strength
(FBNK Stock Price as of Publication: $22.65)
This is a technical analysis stock rating for First Connecticut Bancorp Inc (NASDAQ:FBNK) . The company has a four bull technical rating which indicates some strength. The risk here is a potentially overbought situation, but for now, the stock price is moving slightly higher and does have room to rise before it hits an overbought technical rating of five bulls.
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FBNK is up +26.9% over the last three months and up +40.2% over the last six months. The stock price is up +42.0% over the last year. The current stock price is $22.65.
FBNK Stock Returns
Note the stock price at publication ($22.65), since the technical rating is based on intraday stock prices.
Technicals | Support: 21.15 | Resistance: 22.7
Golden Cross Alert: The 50 day MA is now above the 200 day moving average.
First Connecticut Bancorp Inc's 3.19% rise today is critical to its technical outlook.
Swing Death Cross Alert: The short-term 10 day moving average is now below the 50 day moving average.
First Connecticut Bancorp Inc has a four bull (top rated) technical rating because, while it is trading above its 10-, 50- and 200- day simple moving averages and the stock is up 3.19% on the day the day, the 10 day moving average is now below the 50 day moving average.
The general theory behind ratings follows the line of thought that as stock prices rise or fall abruptly, they appear on various scan results and that creates a reinforcing trend for the stock price in a direction. It's a mix of art and science, but for the technically focused trader it can be a powerful input to the overall analysis.
First Connecticut Bancorp Inc (NASDAQ:FBNK) rating statistics:
10-day moving average: $21.84
50-day moving average: $22.12
200-day moving average: $18.39