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First Bancorp (NASDAQ:FBNC) Stock Technicals Hit Strength

First Bancorp technical rating as of
(FBNC Stock Price as of Publication: $30.93)

This is a technical analysis stock rating for First Bancorp (NASDAQ:FBNC) . 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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FBNC is up +24.2% over the last three months and up +63.2% over the last six months. The stock price is up +65.7% over the last year. The current stock price is $30.93.

FBNC Stock Returns
The technical rating goes from one, the weakest upside technical, to five, the highest upside technical and focuses on the real-time stock price relative to various moving averages as well as moving averages relative to each other. This is a proprietary weighted technical model built by Capital Market Labs (CML).

Note the stock price at publication ($30.93), since the technical rating is based on intraday stock prices.

Technicals   |   Support: 29.94   |   Resistance: 31.11   



Golden Cross Alert: The 50 day MA is now above the 200 day moving average.
Swing Golden Cross Alert: The short-term 10 day moving average is now above the 50 day moving average.

First Bancorp has a four bull (high rated) technical rating because the stock is trading above its 10-, 50-and 200- day simple moving averages and even though the stock is down on the day, the 10 day moving average is above the 50 day moving average (also called a "swing golden cross").


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 Bancorp (NASDAQ:FBNC) rating statistics:
10-day moving average: $30.53
50-day moving average: $28.44
200-day moving average: $22.05