The First Bancshares Stock Forecast
Green day on Wednesday for The First Bancshares stock after gaining 1.30%
(Updated on Apr 17, 2024)
The The First Bancshares stock price gained 1.30% on the last trading day (Wednesday, 17th Apr 2024), rising from $23.15 to $23.45. During the last trading day the stock fluctuated 1.51% from a day low at $23.25 to a day high of $23.60. The price has been going up and down for this period, and there has been a -4.17% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 76 thousand more shares were traded than the day before. In total, 160 thousand shares were bought and sold for approximately $3.75 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $23.12 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -7.58% during the next 3 months and, with a 90% probability hold a price between $21.36 and $24.14 at the end of this 3-month period.
FBMS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.30%. Further rise is indicated until a new top pivot has been found. 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. The The First Bancshares stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $23.68 and $24.71. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for The First Bancshares stock
The First Bancshares finds support from accumulated volume at $23.43 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.350 between high and low, or 1.51%. For the last week, the stock has had daily average volatility of 1.72%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FBMS) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect The First Bancshares to open at $23.43, and during the day (based on 14 day Average True Range), to move between $22.80 and $24.10, which gives a possible trading interval of +/-$0.647 (+/-2.76%) up or down from last closing price. If The First Bancshares takes out the full calculated possible swing range there will be an estimated 5.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $23.43 (0.09%) than the resistance at $24.50 (4.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
The First Bancshares will release earnings AMC on Wednesday, April 24, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.600. We will update the financials statements for The First Bancshares, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.90% in the first trading day after earnings release.
Is The First Bancshares stock A Buy?
The First Bancshares holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.137 Sell Candidate Unchanged
Predicted Opening Price for The First Bancshares of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $23.43 ( 0.0711%) | $23.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FBMS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.78 | 1.42 % | |
| R2 | 23.65 | 0.85 % | ||
| R1 | 23.57 | 0.499 % | ||
| Current price: | 23.45 | |||
| Support | S1 | 23.30 | -0.641 % | |
| S2 | 23.22 | -0.99 % | ||
| S3 | 23.08 | -1.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.95 | 10.66 % | |
| R2 | 25.19 | 7.42 % | ||
| R1 | 24.50 | 4.48 % | ||
| Current price | 23.45 | |||
| Support | S1 | 23.43 | -0.0853% | |
| S2 | 23.35 | -0.426% | ||
| S3 | 23.15 | -1.28% |
FBMS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 18, 2024 | Feb 06, 2024 | Feb 23, 2024 | $0.250 | 1.02% |
| 2 | Oct 19, 2023 | Nov 07, 2023 | Nov 24, 2023 | $0.240 | 0.91% |
| 3 | Jul 20, 2023 | Aug 07, 2023 | Aug 24, 2023 | $0.230 | 0.799% |
| 4 | Apr 20, 2023 | May 05, 2023 | Aug 24, 2023 | $0.220 | 0.764% |
| 5 | Jan 26, 2023 | Feb 07, 2023 | Feb 24, 2023 | $0.210 | 0.673% |
FAQ
Click here for our free guide on how to buy The First Bancshares Stock.
