THE FIRST OF LONG ISLAND

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	FLIC
ISIN:

THE FIRST OF LONG ISLAND - Weekly - Technical analysis published on 04/01/2024 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

22%

44%

33%

My opinion

Bearish under 11.87 USD

My targets

9.80 USD (-11.63%)

8.88 USD (-19.93%)

My analysis

The bearish basic trend is very strong on THE FIRST OF LONG ISLAND but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 11.87 USD. Crossing the first support at 9.80 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 8.88 USD as an objective. Caution, a return to above the resistance located at 11.87 USD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

5.7

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by PawelBodytko. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The THE FIRST OF LONG ISLAND rating is 11.09 USD. The price is up +3.84% over 5 days and has been traded over the last 5 days between 10.88 USD and 11.11 USD. This implies that the 5 day price is +1.93% from its lowest point and -0.18% from its highest point.

10.88

11.11

11.09

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by THE FIRST OF LONG ISLAND:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Weekly chart of THE FIRST OF LONG ISLAND indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

On the 18 technical indicators analysed, 4 are bullish, 6 are neutral and 8 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator: bullish divergence

Type : Bullish

Timeframe : Weekly

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Ichimoku - Bearish crossover : Tenkan & Kijun

Type : Bearish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

White hanging man / hammer

Type : Neutral

Timeframe : Weekly

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	8.88	9.80	10.95	11.09	13.31	14.86	16.76
Change (%)	-19.93%	-11.63%	-1.26%	-	+20.02%	+33.99%	+51.13%
Change	-2.21	-1.29	-0.14	-	+2.22	+3.77	+5.67
Level	Minor	Major	Major	-	Intermediate	Intermediate	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.71	10.80	10.94	11.03	11.17	11.26	11.40
Camarilla	11.03	11.05	11.07	11.09	11.11	11.13	11.15
Woodie	10.75	10.81	10.98	11.04	11.21	11.27	11.44
Fibonacci	10.80	10.89	10.94	11.03	11.12	11.17	11.26

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.85	10.15	10.46	10.76	11.07	11.37	11.68
Camarilla	10.60	10.66	10.71	10.77	10.83	10.88	10.94
Woodie	9.86	10.15	10.47	10.76	11.08	11.37	11.69
Fibonacci	10.15	10.38	10.53	10.76	10.99	11.14	11.37

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.77	9.70	10.32	11.25	11.87	12.80	13.42
Camarilla	10.50	10.65	10.79	10.93	11.07	11.21	11.36
Woodie	8.61	9.62	10.16	11.17	11.71	12.72	13.26
Fibonacci	9.70	10.30	10.66	11.25	11.85	12.21	12.80

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	45.32
MACD (12,26,9):	-0.2800
Directional Movement:	-6.36
AROON (14):	-78.57
DEMA (21):	11.07
Parabolic SAR (0,02-0,02-0,2):	12.43
Elder Ray (13):	-0.48
Super Trend (3,10):	12.92
Zig ZAG (10):	11.09
VORTEX (21):	1.0100
Stochastique (14,3,5):	14.90
TEMA (21):	11.05
Williams %R (14):	-77.93
Chande Momentum Oscillator (20):	-1.61
Repulse (5,40,3):	3.2900
ROCnROLL:	2
TRIX (15,9):	-0.1500
Courbe Coppock:	18.09

MA7:	10.82
MA20:	10.79
MA50:	11.24
MA100:	11.58
MAexp7:	11.03
MAexp20:	11.40
MAexp50:	12.06
MAexp100:	13.28
Price / MA7:	+2.50%
Price / MA20:	+2.78%
Price / MA50:	-1.33%
Price / MA100:	-4.23%
Price / MAexp7:	+0.54%
Price / MAexp20:	-2.72%
Price / MAexp50:	-8.04%
Price / MAexp100:	-16.49%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

Don't forget to follow the news on THE FIRST OF LONG ISLAND. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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