First Financial Bankshares Stock Forecast
First Financial Bankshares stock upgraded to Buy Candidate.
(Updated on May 13, 2024)
The First Financial Bankshares stock price gained 0.87% on the last trading day (Monday, 13th May 2024), rising from $30.87 to $31.14. During the last trading day the stock fluctuated 0.80% from a day low at $30.98 to a day high of $31.23. The price has risen in 6 of the last 10 days and is up by 4.81% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 72 thousand more shares were traded than the day before. In total, 303 thousand shares were bought and sold for approximately $9.45 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 -4.08% during the next 3 months and, with a 90% probability hold a price between $27.10 and $30.81 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
FFIN Signals & Forecast
Mostly positive signals in the chart today. The First Financial Bankshares stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $30.94 and $30.66. 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 8.69%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for First Financial Bankshares stock
First Financial Bankshares finds support from accumulated volume at $31.08 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.249 (0.80%) between high and low. For the last week, the stock has had daily average volatility of 1.22%.
Our recommended stop-loss: $29.44 (-5.47%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (FFIN) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect First Financial Bankshares to open at $31.12, and during the day (based on 14 day Average True Range), to move between $30.46 and $31.82, which gives a possible trading interval of +/-$0.678 (+/-2.18%) up or down from last closing price. If First Financial Bankshares takes out the full calculated possible swing range there will be an estimated 4.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $31.08 (0.19%) than the resistance at $31.83 (2.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is First Financial Bankshares 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: 2.907 Buy Candidate Upgraded
Predicted Opening Price for First Financial Bankshares of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| $31.12 ( 0.0740%) | $31.14 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FFIN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.37 | 0.726 % | |
| R2 | 31.27 | 0.420 % | ||
| R1 | 31.21 | 0.232 % | ||
| Current price: | 31.14 | |||
| Support | S1 | 31.02 | -0.380 % | |
| S2 | 30.96 | -0.568 % | ||
| S3 | 30.87 | -0.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 32.81 | 5.36 % | |
| R2 | 32.36 | 3.92 % | ||
| R1 | 31.83 | 2.22 % | ||
| Current price | 31.14 | |||
| Support | S1 | 31.08 | -0.193% | |
| S2 | 30.33 | -2.60% | ||
| S3 | 30.01 | -3.63% |
FFIN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 14, 2024 | Jun 14, 2024 | $0 | 0% |
| 2 | Jan 23, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.180 | 0.558% |
| 3 | Oct 24, 2023 | Dec 14, 2023 | Jan 02, 2024 | $0.180 | 0.599% |
| 4 | Jul 25, 2023 | Sep 13, 2023 | Oct 02, 2023 | $0.180 | 0.735% |
| 5 | Apr 25, 2023 | Jun 14, 2023 | Jul 03, 2023 | $0.180 | 0.615% |
FAQ
Click here for our free guide on how to buy First Financial Bankshares Stock.
