First National Bank Alaska Stock Forecast

Green day on Friday for First National Bank Alaska stock after gaining 0.346%
(Updated on May 17, 2024)

FBAK Signals & Forecast

The First National Bank Alaska 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 $197.63 and $197.42. 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). First National Bank Alaska has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 -0.0200%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Tuesday, March 12, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy

Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Tuesday, March 12, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Wednesday, May 15, 2024 and based on theory for this formation the price should fall by -4.32% to $191.30 within 11 trading days since signal was issued (Monday, May 20, 2024).

Support, Risk & Stop-loss for First National Bank Alaska stock

First National Bank Alaska finds support from accumulated volume at $198.50 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 $2.92 between high and low, or 1.48%. For the last week the stock has had daily average volatility of 2.18%.

Our recommended stop-loss: $191.93 (-4.01%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (FBAK) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect First National Bank Alaska to open at $198.99, and during the day (based on 14 day Average True Range), to move between $195.85 and $204.03, which gives a possible trading interval of +/-$4.09 (+/-2.05%) up or down from last closing price. If First National Bank Alaska takes out the full calculated possible swing range there will be an estimated 4.09% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $199.97 (0.02%) than the support at $198.50 (0.72%), 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 National Bank Alaska stock A Buy?

First National Bank Alaska 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.

Current score: -0.374 Hold/Accumulate Unchanged

Predicted Opening Price for First National Bank Alaska of Monday, May 20, 2024

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