FS Bancorp Stock Forecast

FS Bancorp stock downgraded to Sell Candidate
(Updated on May 31, 2024)

FSBW Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -2.21%. 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). FS 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". The FS Bancorp 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 $32.76 and $32.22. A breakdown below any of these levels will issue sell signals.

Support, Risk & Stop-loss for FS Bancorp stock

FS Bancorp finds support from accumulated volume at $32.39 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.69 between high and low, or 5.37%. For the last week the stock has had daily average volatility of 3.24%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (FSBW) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect FS Bancorp to open at $32.47, and during the day (based on 14 day Average True Range), to move between $31.86 and $33.72, which gives a possible trading interval of +/-$0.93 (+/-2.84%) up or down from last closing price. If FS Bancorp takes out the full calculated possible swing range there will be an estimated 5.69% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $32.39 (1.22%) than the resistance at $33.40 (1.86%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is FS Bancorp stock A Buy?

FS Bancorp 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: -1.208 Sell Candidate Downgraded

Predicted Opening Price for FS Bancorp of Monday, June 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.