First Financial Corporation Indiana Stock Forecast
First Financial Corporation Indiana stock upgraded from Hold/Accumulate to Buy Candidate after Monday trading session.
(Updated on Apr 22, 2024)
The First Financial Corporation Indiana stock price gained 0.738% on the last trading day (Monday, 22nd Apr 2024), rising from $36.61 to $36.88. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.71% from a day low at $36.43 to a day high of $37.05. The price has been going up and down for this period, and there has been a -0.54% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 15 thousand more shares were traded than the day before. In total, 53 thousand shares were bought and sold for approximately $1.96 million.
The stock lies in the middle of a wide 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 -9.47% during the next 3 months and, with a 90% probability hold a price between $31.51 and $35.00 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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THFF Signals & Forecast
The First Financial Corporation Indiana stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $35.77 and $36.86. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 5.37%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for First Financial Corporation Indiana stock
First Financial Corporation Indiana finds support from accumulated volume at $36.65 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.623 between high and low, or 1.71%. For the last week, the stock has had daily average volatility of 2.06%.
Our recommended stop-loss: $35.33 (-4.21%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (THFF) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect First Financial Corporation Indiana to open at $36.79, and during the day (based on 14 day Average True Range), to move between $36.03 and $37.73, which gives a possible trading interval of +/-$0.85 (+/-2.30%) up or down from last closing price. If First Financial Corporation Indiana takes out the full calculated possible swing range there will be an estimated 4.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $36.92 (0.11%) than the support at $36.65 (0.62%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
First Financial Corporation Indiana will release earnings BMO on Tuesday, April 23, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.99. We will update the financials statements for First Financial Corporation Indiana, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.12% in the first trading day after earnings release.
Is First Financial Corporation Indiana stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.401 Buy Candidate Upgraded
Predicted Opening Price for First Financial Corporation Indiana of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $36.79 ( 0.250%) | $36.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for THFF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37.41 | 1.44 % | |
| R2 | 37.17 | 0.793 % | ||
| R1 | 37.03 | 0.395 % | ||
| Current price: | 36.88 | |||
| Support | S1 | 36.55 | -0.90 % | |
| S2 | 36.40 | -1.29 % | ||
| S3 | 36.16 | -1.94 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 39.42 | 6.89 % | |
| R2 | 38.83 | 5.29 % | ||
| R1 | 36.92 | 0.108 % | ||
| Current price | 36.88 | |||
| Support | S1 | 36.65 | -0.624% | |
| S2 | 36.41 | -1.27% | ||
| S3 | 36.13 | -2.03% |
THFF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 19, 2024 | Mar 28, 2024 | Apr 15, 2024 | $0.450 | 1.26% |
| 2 | Nov 21, 2023 | Dec 29, 2023 | Jan 16, 2024 | $0.450 | 1.13% |
| 3 | May 16, 2023 | Jun 15, 2023 | Jul 03, 2023 | $0.540 | 1.64% |
| 4 | Nov 17, 2022 | Jan 05, 2023 | Jan 13, 2023 | $0.740 | 1.61% |
| 5 | May 18, 2022 | Jun 16, 2022 | Jul 01, 2022 | $0.540 | 1.20% |
FAQ
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