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
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First Busey Corporation stock upgraded from Sell Candidate to Buy Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)

Buy candidate since Mar 27, 2024 PDF

The First Busey Corporation stock price gained 4.19% on the last trading day (Wednesday, 27th Mar 2024), rising from $22.91 to $23.87. During the last trading day the stock fluctuated 3.33% from a day low at $23.10 to a day high of $23.87. The price has risen in 6 of the last 10 days and is up by 2.4% 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, 28 thousand more shares were traded than the day before. In total, 122 thousand shares were bought and sold for approximately $2.92 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 $24.01 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 -5.41% during the next 3 months and, with a 90% probability hold a price between $20.56 and $22.71 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

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 $23.21 and $23.15. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -0.209%. 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).

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

First Busey Corporation finds support from accumulated volume at $23.21 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 $0.770 (3.33%) between high and low. For the last week, the stock has had daily average volatility of 2.32%.

Our recommended stop-loss: $22.91 (-4.03%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)

Trading Expectations (BUSE) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect First Busey Corporation to open at $23.61, and during the day (based on 14 day Average True Range), to move between $23.23 and $24.51, which gives a possible trading interval of +/-$0.638 (+/-2.67%) up or down from last closing price. If First Busey Corporation takes out the full calculated possible swing range there will be an estimated 5.34% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $23.90 (0.13%) than the support at $23.21 (2.76%), 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, 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 Sell to a Buy candidate.

Current score: 1.057 Buy Candidate Upgraded

Predicted Opening Price for First Busey Corporation of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$23.61 ( 1.08%) $23.87

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 24.38 2.15 %
R2 24.09 0.92 %
R1 23.91 0.157 %
Current price: 23.87
Support S1 23.32 -2.31 %
S2 23.14 -3.07 %
S3 22.84 -4.30 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 24.93 4.44 %
R2 24.46 2.47 %
R1 23.90 0.126 %
Current price 23.87
Support S1 23.21 -2.76%
S2 23.19 -2.85%
S3 22.81 -4.44%

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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy 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 2024-03-27, the price of an First Busey Corporation (BUSE) share was $23.87.

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 2024-03-27, the market capitalization of First Busey Corporation is 1.319B.

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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