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AI Analysis of FCAP
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First Capital Inc stock downgraded from Buy Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Jun 25, 2024)

Buy or Hold candidate since Jun 04, 2024 Loss -1.17% PDF

The First Capital Inc stock price gained 0.0678% on the last trading day (Tuesday, 25th Jun 2024), rising from $29.48 to $29.50. During the last trading day the stock fluctuated 6.46% from a day low at $27.71 to a day high of $29.50. The price has risen in 4 of the last 10 days but is still down by -1.99% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately $33.34 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 $29.13 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 6.46% during the next 3 months and, with a 90% probability hold a price between $31.01 and $34.26 at the end of this 3-month period.

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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 $29.55. On a fall, the stock will find some support from the long-term average at approximately $29.45. 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 3.29%. Further rise is indicated until a new top pivot has been found. First Capital Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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).

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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.79 between high and low, or 6.46%. For the last week the stock has had daily average volatility of 1.29%.

Our recommended stop-loss: $27.75 (-5.95%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 22 days ago.)

Trading Expectations (FCAP) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect First Capital Inc to open at $28.90, and during the day (based on 14 day Average True Range), to move between $28.69 and $30.31, which gives a possible trading interval of +/-$0.81 (+/-2.76%) up or down from last closing price. If First Capital Inc takes out the full calculated possible swing range there will be an estimated 5.51% 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 (0.98%) than the resistance at $30.00 (1.69%), 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?

First Capital Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for First Capital Inc of Wednesday, June 26, 2024

Fair opening price June 26, 2024 Current price
$28.90 ( 2.02%) $29.50

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

Trading levels for FCAP

Fibonacci Support & Resistance Levels

Level Price
R3 30.69 4.05%
R2 30.01 1.73%
R1 29.59 0.295%
Price 29.50
S1 28.22 -4.34%
S2 27.80 -5.77%
S3 27.11 -8.09%

Accumulated Volume Support & Resistance Levels

Level Price
R3 30.49 3.36%
R2 30.01 1.73%
R1 30.00 1.69%
Price 29.50
S1 29.21 -0.98%
S2 29.05 -1.53%
S3 28.08 -4.81%

FCAP Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 14, 2024 Jun 14, 2024 Jun 28, 2024 $0.270 0.92%
2 Feb 20, 2024 Mar 14, 2024 Mar 29, 2024 $0.270 0.95%
3 Nov 24, 2023 Dec 14, 2023 Dec 29, 2023 $0.270 0.97%
4 Aug 23, 2023 Sep 14, 2023 Sep 29, 2023 $0.270 0.97%
5 May 24, 2023 Jun 15, 2023 Jun 30, 2023 $0.270 0.88%

FAQ

What is the symbol for First Capital Inc Stock and on which exchange is it traded?
The symbol for First Capital Inc is FCAP and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell First Capital Inc Stock?
First Capital Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy First Capital Inc Stock?
First Capital Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy First Capital Inc Stock.

What's the current price of First Capital Inc Stock?
As of the end of day on the Jun 25, 2024, the price of an First Capital Inc (FCAP) share was $29.50.

What is the 52-week high and low for First Capital Inc Stock?
The 52-week high for First Capital Inc Stock is $37.90 and the 52-week low is $22.95.

What is the market capitalization of First Capital Inc Stock?
As of the Jun 25, 2024, the market capitalization of First Capital Inc is 98.856M.

When is the next earnings date for First Capital Inc?
The upcoming earnings date for First Capital Inc is Jul 26, 2024.
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