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First Business Financial Services Stock Forecast NASDAQ:FBIZ

$29.15 (-1.19%)

Volume: 7k

Closed: Dec 03, 2021

Hollow Logo Score: -2.375

First Business Financial Services Stock Forecast

$29.15 (-1.19%)

Volume: 7k

Closed: Dec 03, 2021

Score Hollow Logo -2.375
Which way will FBIZ go? Request
Key Stats
Beta 0.67
Trailing Dividend Rate 2.45% ($0.71)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 29 and the stock is currently not being overbought or oversold

First Business Financial Services stock downgraded to Sell Candidate
(Updated on Dec 03, 2021)


Sell candidate since 2021-12-03

The First Business Financial Services stock price fell by -1.19% on the last day (Friday, 3rd Dec 2021) from $29.50 to $29.15. During the day the stock fluctuated 3.36% from a day low at $28.60 to a day high of $29.56. The price has fallen in 8 of the last 10 days and is down by -4.21% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 thousand shares and in total, 7 thousand shares were bought and sold for approximately $192.68 thousand.

The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $28.74 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 9.36% during the next 3 months and, with a 90% probability hold a price between $31.43 and $34.99 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, November 30, 2021, and so far it has risen 1.89%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The First Business Financial Services 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 $29.64. On a fall, the stock will find some support from the short-term average at $29.02. 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). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss

First Business Financial Services finds support from accumulated volume at $28.15 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.96 between high and low, or 3.36%. For the last week the stock has had a daily average volatility of 3.73%.

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

Is First Business Financial Services stock A Buy?

First Business Financial Services 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: -2.375

Predicted Opening Price for First Business Financial Services of Monday, December 6, 2021

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

Fair opening price December 6, 2021 Current price
$29.10 $29.15 (Overvalued)
Sell Candidate Downgraded

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Analyst Ratings

On Nov 02, 2021 "Raymond James" gave "$33.00 - $34.00" rating for FBIZ. The price target was set to $30.02+2.8%.

Volatility and Risk
Daily Average Volatility: 3.73 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.73 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $29.18
Price: $29.15
Support: $28.15

FBIZ Insider Trading Show all Trades

INSIDER POWER

4.192

Last 100 transactions
Buy: 61 073 | Sell: 14 568 (Shares)
Date Action Amount Person Type
Nov 22, 2021 Sell 663 Chambas Corey A Common Stock
Nov 16, 2021 Sell 550 Quade Bradley A Common Stock
Nov 02, 2021 Buy 260 Sanders Carol P Common Stock
Nov 02, 2021 Buy 260 Olszewski Daniel P. Common Stock
Aug 16, 2021 Sell 256 Ovokaitys Daniel Common Stock
Show all Insider Trades
INSIDER POWER

4.192

Last 100 transactions
Buy: 61 073 | Sell: 14 568 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 30.06 3.13 %
29.70 1.88 %
29.47 1.10 %
Current price: 29.15
Support 28.74 -1.42 %
28.51 -2.20 %
28.14 -3.45 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 30.92 6.07 %
29.65 1.72 %
29.18 0.10 %
Current price 29.15
Support 28.15 -3.43%
27.11 -7.00%
26.95 -7.55%

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About First Business Financial Services

First Business Financial Services First Business Financial Services, Inc. operates as the bank holding company for First Business Bank, First Business Bank-Milwaukee, and Alterra Bank that provide commercial banking products and services. Its deposit products include non-interest-bearing transaction accounts, interest-bearing transaction accounts, money market accounts, certificates of deposit, and time deposits. The company’s loan product portfolio comprises commercial real est... Read more

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