First Northwest Bancorp Stock Forecast
Red day on Thursday for First Northwest Bancorp stock after losing 1.73%
(Updated on Apr 18, 2024)
The First Northwest Bancorp stock price fell by -1.73% on the last day (Thursday, 18th Apr 2024) from $10.43 to $10.25. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 5.88% from a day low at $10.03 to a day high of $10.62. The price has fallen in 9 of the last 10 days and is down by -32.96% for this period. Volume has increased on the last day by 4 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 18 thousand shares were bought and sold for approximately $183.76 thousand.
Given the current short-term trend, the stock is expected to fall -3.75% during the next 3 months and, with a 90% probability hold a price between $9.87 and $15.06 at the end of this 3-month period.
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FNWB Signals & Forecast
There are few to no technical positive signals at the moment. The First Northwest Bancorp 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 $11.50 and $14.73. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -35.04%. 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). First Northwest Bancorp gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for First Northwest Bancorp stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.590 between high and low, or 5.88%. For the last week, the stock has had daily average volatility of 5.58%.
First Northwest Bancorp is oversold on RSI14 (3). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FNWB) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect First Northwest Bancorp to open at $10.30, and during the day (based on 14 day Average True Range), to move between $9.76 and $10.74, which gives a possible trading interval of +/-$0.487 (+/-4.75%) up or down from last closing price. If First Northwest Bancorp takes out the full calculated possible swing range there will be an estimated 9.51% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $10.43, some $0.180 (1.76%) from the current price of $10.25, our system finds the risk reward not very attractive.
Earnings coming up
First Northwest Bancorp will release earnings BMO on Wednesday, April 24, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.120. We will update the financials statements for First Northwest Bancorp, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.66% in the first trading day after earnings release.
Is First Northwest Bancorp stock A Buy?
First Northwest Bancorp holds several negative signals and is within a very wide 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: -4.938 Sell Candidate Unchanged
Predicted Opening Price for First Northwest Bancorp of Friday, April 19, 2024
Fair opening price April 19, 2024 | Current price |
---|---|
$10.30 ( 0.488%) | $10.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FNWB
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.89 | 6.24 % | |
R2 | 10.66 | 4.05 % | ||
R1 | 10.53 | 2.69 % | ||
Current price: | 10.25 | |||
Support | S1 | 10.07 | -1.71 % | |
S2 | 9.94 | -3.07 % | ||
S3 | 9.71 | -5.27 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 12.01 | 17.17 % | |
R2 | 11.60 | 13.17 % | ||
R1 | 10.43 | 1.76 % | ||
Current price | 10.25 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
FNWB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 25, 2024 | Feb 08, 2024 | Feb 23, 2024 | $0.0700 | 0.455% |
2 | Oct 26, 2023 | Nov 09, 2023 | Nov 24, 2023 | $0.0700 | 0.476% |
3 | Jul 25, 2023 | Aug 10, 2023 | Aug 25, 2023 | $0.0700 | 0.551% |
4 | Apr 25, 2023 | May 11, 2023 | May 26, 2023 | $0.0700 | 0.622% |
5 | Jan 26, 2023 | Feb 09, 2023 | Feb 24, 2023 | $0.0700 | 0.489% |
FAQ
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