First BanCorp

FBP remains in a solid Stage 2 advancing uptrend with clear higher highs and higher lows, but price is extremely overextended above EMAs and showing early exhaustion signals. Short-term indicators (RSI, Options Score) are in extreme overbought, reducing immediate execution favorability. Medium-term structure is intact—demand-driven rallies with rising EMAs and volume patterns—but moderate Stage 2→3 transition risk and a terminal blow-off top call for patience. We will stalk for a pullback into the rising 9/21 EMA zone before initiating long exposure.

• ↑Q1 net income $89M (+21% YoY) and record pre-tax income of $131M
• ↑ROA at 1.9% for 17th straight quarter above 1.5%
• ↓Class-action suit over Epstein ties creates legal and reputational risk