New Analysis: 1st Source Corporation ($SRCE) vs First Choice Bancorp ($FCBP)

2019-08-20 | Welcome! Today we compared how two different stocks in the Major Banks industry are trading: 1st Source Corporation and First Choice Bancorp. While these two companies may have very different market capitalizations and balance sheets, they are worth comparing given how they are in the same sector. Below you’ll see how the different technical indicators differ between these two stocks, and we’ll also show what Trading View thinks of them based on the technical analysis. But before we get ahead of ourselves, please note that this is technical analysis only (ie. analyzing how these companies are trading, not digging into the company fundamentals), and therefore you should not rely only on this to guide you on whether you should buy or sell anything – take it with a grain of salt only, and pay attention to the disclaimer below. With that said, many traders find value in technical analysis and others even swear by it, so if that is you, I hope my analysis will be of use to you. Let’s get to it…

First things first: during its last day of trading, 1st Source Corporation opened at 45.84, got to a maximum price of 46.04 and dropped to as low as 45.2 before finishing the session at 45.26. In total there were 22959 shares traded, which is enough to conduct our analysis. Compare that now to First Choice Bancorp, which opened at 21.8, had a high of 21.95, a low of 21.22, closed at 21.87 and had a total volume of 4461.

VOLUME ANALYSIS: Generally, the higher the volume indicators are, the better – you need liquidity to trade, after all. All of the volume indicators are as follows… (click here for an explanation on volume)

Volume Indicator 1st Source Corporation First Choice Bancorp
Accumulation-distribution index 421.97365 212.908
on-balance volume -45.33 -21.91
chaikin money flow

7.4 8.73333
force index

1.5232 0.158
ease of movement rating

0.0248 0.01023
volume-price trend

0.0601 -0.20756
negative volume index

1000.0 1000.0

VOLATILITY ANALYSIS: Now to compare the volatility between these two companies… (click here for an explanation on volatility)

Volatility Indicator 1st Source Corporation First Choice Bancorp
Average true range 0.58673 0.24787
Bolinger bands 46.42505 21.23828
Upper bollinger band 42.63495 21.18172
Lower bollinger band

45.2 21.22
Bollinger high band indicator

1.0 1.0
Bollinger high low indicator

1.0 1.0
Central keltner channel

45.69333 21.65667
High band keltner channel

45.49333 21.50667
Low band keltner channel

45.89333 21.80667
High band keltner channel indicator

1.0 1.0
Low band keltner channel indicator

1.0 1.0
Donchain channel high band

45.2 21.22
Donchain channel low band

45.2 21.22
Donchain channel high band indicator

1.0 1.0
Donchain channel low band indicator

1.0 1.0

TREND ANALYSIS: Now for the most interesting and detailed part, the trend. Where is the stock actually going? Let’s compare the indicators… (click here for an explanation on trend)

Trend Indicator 1st Source Corporation First Choice Bancorp
Moving Average Convergence Divergence (MACD) trend_macd -0.00045
MACD signal -0.0167 -0.00025
MACD difference -0.01336 -0.0002
fast Exponential Moving Average (EMA) indicator

45.2 21.22
slow Exponential Moving Average (EMA) indicator

45.2 21.22
Average Directional Movement Index (ADX)

unknown unknown
ADX positive

20.0 20.0
ADX negative

20.0 20.0
positive Vortex Indicator (VI)

1.0 1.0
negative VI

1.0 1.0
trend vortex difference

0.21204 0.88056

0.65375 -1.10638
Mass Index (MI)

1.0 1.0
Commodity Channel Index (CCI)

-66.66667 -66.66667
Detrended Price Oscillator (DPO)

-0.06278 0.20682
KST Oscillator (KST)

1.39098 -9.65244
KST Oscillator (KST Signal)

1.39098 -9.65244
KST difference

-7.42181 -0.23335
Ichimoku rating

45.94 21.875
Ichimoku B rating

45.94 21.875
Ichimoku visual trend A

45.84693 21.78156
Ichimoku visual trend B

45.79701 21.87283
Aroon Indicator (AI)

4.0 4.0
AI indicator down

4.0 4.0
AI difference

-4.0 -4.0

MOMENTUM ANALYSIS: What about momentum? Let’s dive into it… (click here for an explanation on momentum)

Momentum Indicator 1st Source Corporation First Choice Bancorp
Relative Strength Index (RSI) 50.0 50.0
Money Flow Index (MFI) 100.0 25.20805
True Strength Index (TSI) 100.0 -100.0
ultimate oscillator

8.93374 -55.42139
stochastic oscillator

420.0 486.66667
stochastic oscillator signal

420.0 486.66667
Williams %R rating

320.0 386.66667
awesome oscillator

-0.21058 -0.03583

RETURNS: That’s all for technical analysis. Now let’s just list the returns for 1st Source Corporation and First Choice Bancorp.

Daily return 0.1391 -0.96524
Daily log return -3.00943 -0.0943
Cumulative return -2.9646 -0.09425

So there you have it: our deep, grueling analysis comparing 1st Source Corporation and First Choice Bancorp together. But what does all of the above mean? Various technical indicators above are positive, while others are negative, and if we want to decide overall if the technical analysis indicates a bullish or bearish chart, we have to consider all of them together. That’s what the Trading View widget below can do, so let’s see what it says considering all these indicators. First, here’s 1st Source Corporation:

The verdict above will consider all these technical indicators and consider which are strong and weak, and then put them all together to come up with a conclusion stating whether SRCE is strong or weak. Again – this is not a reliable indication of whether 1st Source Corporation is a good investment! None of these indicators consider the company fundamentals. All of this data is based on how it trades only. Now with that out of the way, let’s compare it with First Choice Bancorp

So there you have it. We hope you have found this analysis useful, and if you see any errors or have any feedback, please comment below.

How can you profit off trading these 2 companies and other stocks like it? First, check out the Beat The Market Analyzer software – this is worth its weight in gold. Some other great services for earning income from trading and investing are Dividend Stocks (an outstanding resource for anyone interested in high dividend paying stocks), Microcap Millionaires (the best site online for profiting off micro-cap stocks) and Trading Code (an extremely powerful system for profiting off trading).

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling anything based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Gary Ivenchuck

Gary is a stock trading expert and is responsible for covering technical analysis news on Logistics Business Review. Recently he has been working tirelessly to analyse stocks for our readers, and is always available to hear from people asking for stock analysis.
Gary Ivenchuck

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