First Busey Corporation Stock Forecast
Red day on Thursday for First Busey Corporation stock after losing 0%
(Updated on May 16, 2024)
No changes to the price of First Busey Corporation stock on the last trading day (Thursday, 16th May 2024). During the last trading day the stock fluctuated 1.22% from a day low at $23.71 to a day high of $24.00. The price has risen in 6 of the last 10 days and is up by 1.66% over the past 2 weeks.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $23.85 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect First Busey Corporation stock with a 90% probability to be traded between $21.94 and $23.96 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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BUSE Signals & Forecast
The First Busey Corporation 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 $23.71 and $23.06. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for First Busey Corporation stock
First Busey Corporation finds support from accumulated volume at $23.49 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 $0.290 (1.22%) between high and low. For the last week, the stock has had daily average volatility of 1.49%.
Our recommended stop-loss: $22.98 (-3.66%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (BUSE) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect First Busey Corporation to open at $23.85, and during the day (based on 14 day Average True Range), to move between $23.33 and $24.37, which gives a possible trading interval of +/-$0.518 (+/-2.17%) up or down from last closing price. If First Busey Corporation takes out the full calculated possible swing range there will be an estimated 4.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $23.87 (0.08%) than the support at $23.49 (1.51%), 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.
Is First Busey Corporation stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for First Busey Corporation stock to perform well in the short-term period.
Current score: 1.659 Buy Candidate Unchanged
Predicted Opening Price for First Busey Corporation of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| $23.85 ( 0.0140%) | $23.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BUSE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.14 | 1.23 % | |
| R2 | 24.03 | 0.765 % | ||
| R1 | 23.96 | 0.478 % | ||
| Current price: | 23.85 | |||
| Support | S1 | 23.74 | -0.451 % | |
| S2 | 23.67 | -0.737 % | ||
| S3 | 23.56 | -1.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.05 | 0.84 % | |
| R2 | 23.88 | 0.126 % | ||
| R1 | 23.87 | 0.0839 % | ||
| Current price | 23.85 | |||
| Support | S1 | 23.49 | -1.51% | |
| S2 | 22.89 | -4.03% | ||
| S3 | 22.81 | -4.36% |
BUSE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 09, 2024 | Apr 18, 2024 | Apr 26, 2024 | $0.240 | 1.05% |
| 2 | Jan 09, 2024 | Jan 18, 2024 | Jan 26, 2024 | $0.240 | 0.98% |
| 3 | Oct 10, 2023 | Oct 19, 2023 | Oct 27, 2023 | $0.240 | 1.26% |
| 4 | Jul 11, 2023 | Jul 20, 2023 | Jul 28, 2023 | $0.240 | 1.12% |
| 5 | Apr 11, 2023 | Apr 20, 2023 | Apr 28, 2023 | $0.240 | 1.32% |
FAQ
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