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AI Analysis of BUSE
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Stronger technical forecast for First Busey Corporation stock price after Monday trading.
(Updated on Apr 22, 2024)

Hold candidate since Apr 22, 2024 PDF

The First Busey Corporation stock price gained 0.351% on the last trading day (Monday, 22nd Apr 2024), rising from $22.81 to $22.89. During the last trading day the stock fluctuated 1.58% from a day low at $22.77 to a day high of $23.13. The price has fallen in 6 of the last 10 days and is down by -2.68% for this period. Volume fell on the last day by -79 thousand shares and in total, 150 thousand shares were bought and sold for approximately $3.44 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a 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 -4.74% during the next 3 months and, with a 90% probability hold a price between $20.69 and $22.69 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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BUSE Signals & Forecast

There are mixed signals in the stock today. The First Busey 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 $23.03. On a fall, the stock will find some support from the short-term average at $22.23. 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 was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 5.00%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for First Busey Corporation stock

First Busey Corporation finds support from accumulated volume at $22.81 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 $0.360 between high and low, or 1.58%. For the last week, the stock has had daily average volatility of 2.09%.

Our recommended stop-loss: $21.98 (-3.96%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (BUSE) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect First Busey Corporation to open at $22.93, and during the day (based on 14 day Average True Range), to move between $22.30 and $23.48, which gives a possible trading interval of +/-$0.592 (+/-2.59%) up or down from last closing price. If First Busey Corporation takes out the full calculated possible swing range there will be an estimated 5.18% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $22.81 (0.35%) than the resistance at $24.05 (5.07%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Earnings coming up

First Busey Corporation will release earnings AMC on Tuesday, April 23, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.490. We will update the financials statements for First Busey Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.91% in the first trading day after earnings release.

Is First Busey Corporation stock A Buy?

First Busey Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.940 Hold/Accumulate Upgraded

Predicted Opening Price for First Busey Corporation of Tuesday, April 23, 2024

Fair opening price April 23, 2024 Current price
$22.93 ( 0.175%) $22.89

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 23.29 1.75 %
R2 23.15 1.15 %
R1 23.07 0.776 %
Current price: 22.89
Support S1 22.79 -0.426 %
S2 22.71 -0.797 %
S3 22.57 -1.40 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 24.93 8.91 %
R2 24.46 6.86 %
R1 24.05 5.07 %
Current price 22.89
Support S1 22.81 -0.349%
S2 22.72 -0.743%
S3 22.36 -2.32%

BUSE Dividend Payout History


# Declaration Date 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

What is the symbol for First Busey Corporation Stock and on which exchange is it traded?
The symbol for First Busey Corporation is BUSE and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell First Busey Corporation Stock?
First Busey Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy First Busey Corporation Stock?
First Busey Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy First Busey Corporation Stock.

What's the current price of First Busey Corporation Stock?
As of the end of day on the Apr 22, 2024, the price of an First Busey Corporation (BUSE) share was $22.89.

What is the 52-week high and low for First Busey Corporation Stock?
The 52-week high for First Busey Corporation Stock is $25.79 and the 52-week low is $16.26.

What is the market capitalization of First Busey Corporation Stock?
As of the Apr 22, 2024, the market capitalization of First Busey Corporation is 1.265B.

When is the next earnings date for First Busey Corporation?
The upcoming earnings date for First Busey Corporation is Apr 23, 2024.
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About First Busey Corporation

First Busey First Busey Corporation operates as the bank holding company for Busey Bank that provides retail and commercial banking products and services to individual, corporate, institutional, and governmental customers in the United States. The company operates through three segments: Banking, FirsTech, and Wealth Management. It offers customary types of demand and savings deposits; and commercial, agricultural, real estate construction, commercial and re... BUSE Profile

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