FB Financial Corp Stock Forecast
Green day on Friday for FB Financial Corp
(Updated on Jun 28, 2024)
The FB Financial Corp stock price gained 3.20% on the last trading day (Friday, 28th Jun 2024), rising from $37.82 to $39.03. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.05% from a day low at $37.99 to a day high of $39.15. The price has risen in 6 of the last 10 days and is up by 7.97% 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, 75 thousand more shares were traded than the day before. In total, 185 thousand shares were bought and sold for approximately $7.22 million.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $39.60 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect FB Financial Corp stock with a 90% probability to be traded between $35.38 and $40.12 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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FBK Signals & Forecast
Mostly positive signals in the chart today. The FB Financial Corp 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 $37.27 and $37.23. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 10, 2024, and so far it has risen 10.98%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for FB Financial Corp stock
On the downside, the stock finds support just below today's level from accumulated volume at $36.41 and $36.15. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, FB Financial Corp finds support just below today's level at $36.41. If this is broken, then the next support from accumulated volume will be at $36.15 and $35.64.
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 $1.16 between high and low, or 3.05%. For the last week the stock has had daily average volatility of 2.60%.
Our recommended stop-loss: $37.37 (-4.26%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (FBK) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect FB Financial Corp to open at $38.72, and during the day (based on 14 day Average True Range), to move between $38.14 and $39.92, which gives a possible trading interval of +/-$0.89 (+/-2.29%) up or down from last closing price. If FB Financial Corp takes out the full calculated possible swing range there will be an estimated 4.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $39.15 (0.31%) than the support at $36.41 (6.71%), 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?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for FB Financial Corp stock to perform well in the short-term period.
Current score: 2.847 Buy Candidate Unchanged
Predicted Opening Price for FB Financial Corp of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $38.72 ( 0.786%) | $39.03 |
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 | |
|---|---|---|
| R3 | 39.88 | 2.19% |
| R2 | 39.44 | 1.05% |
| R1 | 39.17 | 0.350% |
| Price | 39.03 | |
| S1 | 38.28 | -1.92% |
| S2 | 38.01 | -2.62% |
| S3 | 37.56 | -3.76% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 39.38 | 0.90% |
| R2 | 39.18 | 0.384% |
| R1 | 39.15 | 0.307% |
| Price | 39.03 | |
| S1 | 36.41 | -6.71% |
| S2 | 36.15 | -7.38% |
| S3 | 35.64 | -8.69% |
FBK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 13, 2024 | May 13, 2024 | May 28, 2024 | $0.170 | 0.462% |
| 2 | Jan 31, 2024 | Feb 12, 2024 | Feb 27, 2024 | $0.170 | 0.484% |
| 3 | Oct 27, 2023 | Nov 06, 2023 | Nov 21, 2023 | $0.150 | 0.452% |
| 4 | Aug 02, 2023 | Aug 11, 2023 | Sep 05, 2023 | $0.150 | 0.502% |
| 5 | Apr 28, 2023 | May 08, 2023 | May 23, 2023 | $0.150 | 0.520% |
FAQ
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