Fulton Financial Corporation Stock Forecast
Green day on Friday for Fulton Financial Corporation
(Updated on Apr 19, 2024)
The Fulton Financial Corporation stock price gained 3.88% on the last trading day (Friday, 19th Apr 2024), rising from $14.43 to $14.99. During the last trading day the stock fluctuated 4.46% from a day low at $14.35 to a day high of $14.99. The price has fallen in 6 of the last 10 days and is down by -2.15% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 162 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $22.44 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 -5.62% during the next 3 months and, with a 90% probability hold a price between $13.32 and $14.80 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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FULT Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 3.88%. 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. The Fulton Financial Corporation 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 $15.28. On a fall, the stock will find some support from the short-term average at $14.70. 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).
A buy signal from a double bottom formation was found on Thursday, March 14, 2024 and based on theory for this formation the price should go up by 10.74% to $16.60 within 21 trading days since signal was issued (Monday, April 22, 2024).
Support, Risk & Stop-loss for Fulton Financial Corporation stock
Fulton Financial Corporation finds support from accumulated volume at $14.92 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 $0.640 between high and low, or 4.46%. For the last week, the stock has had daily average volatility of 3.91%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FULT) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Fulton Financial Corporation to open at $14.78, and during the day (based on 14 day Average True Range), to move between $14.54 and $15.44, which gives a possible trading interval of +/-$0.452 (+/-3.02%) up or down from last closing price. If Fulton Financial Corporation takes out the full calculated possible swing range there will be an estimated 6.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $14.92 (0.47%) than the resistance at $15.31 (2.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Fulton Financial Corporation stock A Buy?
Fulton Financial Corporation 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.
Current score: -1.238 Sell Candidate Unchanged
Predicted Opening Price for Fulton Financial Corporation of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $14.78 ( 1.42%) | $14.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FULT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.42 | 2.85 % | |
| R2 | 15.17 | 1.22 % | ||
| R1 | 15.02 | 0.208 % | ||
| Current price: | 14.99 | |||
| Support | S1 | 14.53 | -3.05 % | |
| S2 | 14.38 | -4.06 % | ||
| S3 | 14.14 | -5.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.77 | 5.20 % | |
| R2 | 15.60 | 4.07 % | ||
| R1 | 15.31 | 2.13 % | ||
| Current price | 14.99 | |||
| Support | S1 | 14.92 | -0.467% | |
| S2 | 14.80 | -1.27% | ||
| S3 | 14.49 | -3.34% |
FULT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Apr 15, 2024 | $0.170 | 1.15% |
| 2 | Dec 19, 2023 | Dec 29, 2023 | Jan 12, 2024 | $0.170 | 1.07% |
| 3 | Sep 19, 2023 | Sep 29, 2023 | Oct 13, 2023 | $0.160 | 1.32% |
| 4 | Jun 20, 2023 | Jun 30, 2023 | Jul 14, 2023 | $0.160 | 1.30% |
| 5 | Mar 21, 2023 | Mar 31, 2023 | Apr 14, 2023 | $0.150 | 1.13% |
FAQ
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