First Capital Inc Stock Forecast

Stronger technical forecast for First Capital Inc stock price after Friday trading.
(Updated on Jun 14, 2024)

FCAP Signals & Forecast

The First Capital Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $30.07. On a fall, the stock will find some support from the long-term average at approximately $29.18. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Friday, May 31, 2024, and so far it has risen 2.66%. 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. 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. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for First Capital Inc stock

First Capital Inc finds support from accumulated volume at $29.21 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $1.50 between high and low, or 5.36%. For the last week the stock has had daily average volatility of 3.98%.

Our recommended stop-loss: $27.57 (-5.97%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)

Trading Expectations (FCAP) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect First Capital Inc to open at $28.94, and during the day (based on 14 day Average True Range), to move between $28.35 and $30.29, which gives a possible trading interval of +/-$0.97 (+/-3.31%) up or down from last closing price. If First Capital Inc takes out the full calculated possible swing range there will be an estimated 6.63% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $29.21 (0.38%) than the resistance at $30.00 (2.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is First Capital Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for First Capital Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.767 Buy Candidate Upgraded

Predicted Opening Price for First Capital Inc of Monday, June 17, 2024

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