Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BUSE
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

First Busey Corporation stock price up 0.754% on Thursday
(Updated on Mar 28, 2024)

Buy candidate since Mar 27, 2024 Gain 0.75% PDF

The First Busey Corporation stock price gained 0.754% on the last trading day (Thursday, 28th Mar 2024), rising from $23.87 to $24.05. During the last trading day the stock fluctuated 1.94% from a day low at $23.69 to a day high of $24.15. The price has risen in 7 of the last 10 days and is up by 6.51% 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, 189 thousand more shares were traded than the day before. In total, 311 thousand shares were bought and sold for approximately $7.49 million.

The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $24.14 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -4.54% during the next 3 months and, with a 90% probability hold a price between $20.84 and $23.04 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.

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 $23.42 and $23.19. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 7.65%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Monday, March 18, 2024 and based on theory for this formation the price should go up by 1.18% to $24.33 within 23 trading days since signal was issued (Monday, April 01, 2024).

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

First Busey Corporation finds support from accumulated volume at $23.90 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 $0.460 (1.94%) between high and low. For the last week, the stock has had daily average volatility of 2.24%.

Our recommended stop-loss: $23.07 (-4.08%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)

Trading Expectations (BUSE) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect First Busey Corporation to open at $23.96, and during the day (based on 14 day Average True Range), to move between $23.42 and $24.68, which gives a possible trading interval of +/-$0.625 (+/-2.60%) up or down from last closing price. If First Busey Corporation takes out the full calculated possible swing range there will be an estimated 5.20% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $23.90 (0.62%) than the resistance at $24.40 (1.46%), 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 Busey Corporation 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.

Current score: 2.263 Buy Candidate Unchanged

Predicted Opening Price for First Busey Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$23.96 ( 0.360%) $24.05

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 24.42 1.55 %
R2 24.25 0.82 %
R1 24.14 0.370 %
Current price: 24.05
Support S1 23.79 -1.09 %
S2 23.68 -1.54 %
S3 23.50 -2.27 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 24.93 3.66 %
R2 24.46 1.70 %
R1 24.40 1.46 %
Current price 24.05
Support S1 23.90 -0.624%
S2 23.21 -3.49%
S3 22.81 -5.16%

BUSE Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 09, 2024 Jan 18, 2024 Jan 26, 2024 $0.240 0.98%
2 Oct 10, 2023 Oct 19, 2023 Oct 27, 2023 $0.240 1.26%
3 Jul 11, 2023 Jul 20, 2023 Jul 28, 2023 $0.240 1.12%
4 Apr 11, 2023 Apr 20, 2023 Apr 28, 2023 $0.240 1.32%
5 Jan 10, 2023 Jan 19, 2023 Jan 27, 2023 $0.240 1.05%

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?
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.

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 2024-03-28, the price of an First Busey Corporation (BUSE) share was $24.05.

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 2024-03-28, the market capitalization of First Busey Corporation is 1.329B.

When is the next earnings date for First Busey Corporation?
The upcoming earnings date for First Busey Corporation is Apr 23, 2024.
Click to get the best stock tips daily for free!

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

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT