Fri 20'th Oct 2017
First Defiance Financial Corp. Stock Analysis
Technical stock analysis for Fri 20'th Oct 2017
Buy candidate since 2017-10-06 Gain 3.58%
First Defiance Financial Corp. lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.31% during the next 3 months and, with 90% probability hold a price between $52.60 and $60.46 at the end of this period.
First Defiance Financial Corp. holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $54.59 and $51.47. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Wednesday October 18, 2017, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Relative Strength Index (RSI)
RSI14 is 60 and the stock is currently not being overbought or oversold
Support & Resistance
First Defiance Financial Corp. finds support from accumulated volume at $53.38. On the upside the stock meets some resistance just above today's level from accumulated volume at $55.52 and $55.87.
The stock is about to test the resistance from accumulated volume at $55.52 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: $52.06 (-4.85%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 2 days ago.)
Very Low Low Medium High Very High
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.
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