FMBI - How to Develop Trading Plans for First Midwest Bancorp and other Stocks
According to Stock Traders Daily, a 2-year industry veteran, investors can use the price action in First Midwest Bancorp (NASDAQ: FMBI) to foretell upcoming changes. A current example is provided below. There are trading plans for FMBI, but the data on this page does not update in real time. If you want a real time update, or a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
| Term ? | Near | Mid | Long |
|---|---|---|---|
| Bias | |||
| Weak | |||
| Weak | |||
| Strong | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 16.34 | |||
| P2 | |||
| 21.49 | |||
| 21.34 | |||
| 18.81 | |||
| P3 | |||
| 21.97 | |||
| 21.85 | |||
| 21.64 |
Long Term Trading Plans for FMBI
April 13, 2021, 11:30 pm ET
The Technical Summary and Trading Plans for FMBI help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this FMBI Report.
FMBI - (Long) Support Plan
The technical summary data tells us to buy FMBI near 18.81 with an upside target of 21.64. This data also tells us to set a stop loss @ 18.76 to protect against excessive loss in case the stock begins to move against the trade. 18.81 is the first level of support below 21.475 , and by rule, any test of support is a buy signal. In this case, support 18.81 is being tested, a buy signal would exist.
FMBI - (Short) Resistance Plan
The technical summary data is suggesting a short of FMBI as it gets near 21.64 with a downside target of 18.81. We should have a stop loss in place at 21.7though. 21.64 is the first level of resistance above 21.475, and by rule, any test of resistance is a short signal. In this case, if resistance 21.64 is being tested, a short signal would exist.