First Financial Northwest Stock Forecast
Red day on Thursday for First Financial Northwest
(Updated on Apr 18, 2024)
The First Financial Northwest stock price fell by -0.196% on the last day (Thursday, 18th Apr 2024) from $20.37 to $20.33. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 0.542% from a day low at $20.31 to a day high of $20.42. The price has fallen in 6 of the last 10 days and is down by -0.2% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -11 thousand shares and in total, 23 thousand shares were bought and sold for approximately $476.37 thousand.
The stock lies in the middle of a narrow and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.29% during the next 3 months and, with a 90% probability hold a price between $19.48 and $20.15 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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FFNW Signals & Forecast
There are few to no technical positive signals at the moment. The First Financial Northwest stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $20.41 and $20.55. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -2.17%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for First Financial Northwest stock
First Financial Northwest finds support from accumulated volume at $20.12 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.110 between high and low, or 0.542%. For the last week the stock has had daily average volatility of 0.95%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FFNW) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect First Financial Northwest to open at $20.35, and during the day (based on 14 day Average True Range), to move between $20.10 and $20.56, which gives a possible trading interval of +/-$0.234 (+/-1.15%) up or down from last closing price. If First Financial Northwest takes out the full calculated possible swing range there will be an estimated 2.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $20.12 (1.03%) than the resistance at $20.57 (1.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
First Financial Northwest will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.0900. We will update the financials statements for First Financial Northwest, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.86% in the first trading day after earnings release.
Is First Financial Northwest stock A Buy?
First Financial Northwest holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.848 Sell Candidate Unchanged
Predicted Opening Price for First Financial Northwest of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $20.35 ( 0.115%) | $20.33 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FFNW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.46 | 0.656 % | |
| R2 | 20.42 | 0.449 % | ||
| R1 | 20.40 | 0.321 % | ||
| Current price: | 20.33 | |||
| Support | S1 | 20.31 | -0.0919 % | |
| S2 | 20.29 | -0.220 % | ||
| S3 | 20.24 | -0.426 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.65 | 1.57 % | |
| R2 | 20.61 | 1.38 % | ||
| R1 | 20.57 | 1.18 % | ||
| Current price | 20.33 | |||
| Support | S1 | 20.12 | -1.03% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FFNW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 09, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.130 | 0.632% |
| 2 | Nov 10, 2023 | Dec 07, 2023 | Dec 22, 2023 | $0.130 | 0.94% |
| 3 | Aug 07, 2023 | Sep 07, 2023 | Sep 22, 2023 | $0.130 | 1.02% |
| 4 | May 12, 2023 | Jun 08, 2023 | Jun 23, 2023 | $0.130 | 1.16% |
| 5 | Jan 28, 2023 | Mar 13, 2023 | Mar 24, 2023 | $0.130 | 0.94% |
FAQ
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