First Business Financial Services Stock Forecast
First Business Financial Services stock downgraded from Hold/Accumulate to Sell Candidate after Wednesday trading session.
(Updated on Apr 24, 2024)
The First Business Financial Services stock price gained 0.786% on the last trading day (Wednesday, 24th Apr 2024), rising from $34.33 to $34.60. During the last trading day the stock fluctuated 0.581% from a day low at $34.40 to a day high of $34.60. The price has fallen in 6 of the last 10 days and is down by -0.43% for this period. Volume fell on the last day by -2 shares and in total, 10 thousand shares were bought and sold for approximately $336.38 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -5.44% during the next 3 months and, with a 90% probability hold a price between $29.85 and $34.88 at the end of this 3-month period.
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FBIZ Signals & Forecast
There are mixed signals in the stock today. The First Business Financial Services stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $34.69. On a fall, the stock will find some support from the short-term average at $33.89. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 5.23%. Further rise is indicated until a new top pivot has been found. The stock had a Golden Star Signal on Thursday, July 13, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, July 13, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A sell signal from a double top formation was found on Thursday, March 28, 2024 and based on theory for this formation the price should fall by -4.81% to $32.94 within 29 trading days since signal was issued (Thursday, April 25, 2024).
Support, Risk & Stop-loss for First Business Financial Services stock
First Business Financial Services finds support from accumulated volume at $34.05 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.200 between high and low, or 0.581%. For the last week the stock has had daily average volatility of 2.84%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FBIZ) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect First Business Financial Services to open at $34.53, and during the day (based on 14 day Average True Range), to move between $33.54 and $35.66, which gives a possible trading interval of +/-$1.06 (+/-3.07%) up or down from last closing price. If First Business Financial Services takes out the full calculated possible swing range there will be an estimated 6.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $34.71 (0.32%) than the support at $34.05 (1.59%), 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 Business Financial Services will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.13. We will update the financials statements for First Business Financial Services, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.91% in the first trading day after earnings release.
Is First Business Financial Services stock A Buy?
First Business Financial Services holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.331 Sell Candidate Downgraded
Predicted Opening Price for First Business Financial Services of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $34.53 ( 0.193%) | $34.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FBIZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 34.73 | 0.385 % | |
| R2 | 34.66 | 0.165 % | ||
| R1 | 34.61 | 0.0281 % | ||
| Current price: | 34.60 | |||
| Support | S1 | 34.46 | -0.413 % | |
| S2 | 34.41 | -0.550 % | ||
| S3 | 34.33 | -0.771 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 35.40 | 2.31 % | |
| R2 | 35.28 | 1.97 % | ||
| R1 | 34.71 | 0.318 % | ||
| Current price | 34.60 | |||
| Support | S1 | 34.05 | -1.59% | |
| S2 | 33.98 | -1.79% | ||
| S3 | 33.38 | -3.53% |
FBIZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 07, 2024 | Feb 07, 2024 | Feb 21, 2024 | $0.250 | 0.702% |
| 2 | Oct 27, 2023 | Nov 03, 2023 | Nov 16, 2023 | $0.228 | 0.663% |
| 3 | Jul 28, 2023 | Aug 04, 2023 | Aug 17, 2023 | $0.228 | 0.706% |
| 4 | Apr 28, 2023 | May 05, 2023 | May 18, 2023 | $0.228 | 0.84% |
| 5 | Jan 27, 2023 | Feb 03, 2023 | Feb 16, 2023 | $0.228 | 0.626% |
FAQ
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