FB Financial Corp Stock Forecast
Red day on Thursday for FB Financial Corp
(Updated on Apr 18, 2024)
The FB Financial Corp stock price fell by -0.224% on the last day (Thursday, 18th Apr 2024) from $35.64 to $35.56. During the last trading day the stock fluctuated 1.52% from a day low at $35.47 to a day high of $36.01. The price has been going up and down for this period, and there has been a -0.75% loss for the last 2 weeks. 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 -99 thousand shares and in total, 174 thousand shares were bought and sold for approximately $6.17 million.
The stock lies in the middle of a wide and 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 -5.49% during the next 3 months and, with a 90% probability hold a price between $31.72 and $35.13 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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FBK Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 3.13%. 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 FB Financial Corp 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 $35.81. On a fall, the stock will find some support from the short-term average at $35.16. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A buy signal from a double bottom formation was found on Friday, April 12, 2024 and based on theory for this formation the price should go up by 12.44% to $39.98 within 18 trading days since signal was issued (Friday, April 19, 2024).
Support, Risk & Stop-loss for FB Financial Corp stock
FB Financial Corp finds support from accumulated volume at $34.69 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 $0.540 (1.52%) between high and low. For the last week, the stock has had daily average volatility of 3.55%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FBK) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect FB Financial Corp to open at $35.68, and during the day (based on 14 day Average True Range), to move between $34.42 and $36.70, which gives a possible trading interval of +/-$1.14 (+/-3.19%) up or down from last closing price. If FB Financial Corp takes out the full calculated possible swing range there will be an estimated 6.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $35.64 (0.22%) than the support at $34.69 (2.45%), 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 FB Financial Corp stock A Buy?
FB Financial Corp 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.
Current score: -1.858 Sell Candidate Unchanged
Predicted Opening Price for FB Financial Corp of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $35.68 ( 0.337%) | $35.56 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FBK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.22 | 1.86 % | |
| R2 | 36.01 | 1.28 % | ||
| R1 | 35.89 | 0.92 % | ||
| Current price: | 35.56 | |||
| Support | S1 | 35.47 | -0.243 % | |
| S2 | 35.35 | -0.601 % | ||
| S3 | 35.14 | -1.18 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37.25 | 4.75 % | |
| R2 | 36.15 | 1.66 % | ||
| R1 | 35.64 | 0.225 % | ||
| Current price | 35.56 | |||
| Support | S1 | 34.69 | -2.45% | |
| S2 | 34.63 | -2.62% | ||
| S3 | 34.47 | -3.07% |
FBK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 12, 2024 | Feb 12, 2024 | Feb 12, 2024 | $0 | 0% |
| 2 | Oct 27, 2023 | Nov 06, 2023 | Nov 21, 2023 | $0.150 | 0.452% |
| 3 | Aug 02, 2023 | Aug 11, 2023 | Sep 05, 2023 | $0.150 | 0.502% |
| 4 | Apr 28, 2023 | May 08, 2023 | May 23, 2023 | $0.150 | 0.520% |
| 5 | Jan 26, 2023 | Feb 06, 2023 | May 23, 2023 | $0.150 | 0.520% |
FAQ
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