First Community Bancshares Stock Forecast
First Community Bancshares stock price up 0.770% on Tuesday
(Updated on Jul 02, 2024)
The First Community Bancshares stock price gained 0.770% on the last trading day (Tuesday, 2nd Jul 2024), rising from $36.37 to $36.65. During the last trading day the stock fluctuated 5.15% from a day low at $34.88 to a day high of $36.68. The price has risen in 6 of the last 10 days and is up by 7.54% over the past 2 weeks. Volume fell on the last day by -122 shares and in total, 31 thousand shares were bought and sold for approximately $1.13 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $36.92 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 7.56% during the next 3 months and, with a 90% probability hold a price between $36.17 and $39.71 at the end of this 3-month period.
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FCBC Signals & Forecast
The First Community Bancshares 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 $35.69 and $34.58. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, June 28, 2024, and so far it has fallen -0.516%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for First Community Bancshares stock
First Community Bancshares finds support from accumulated volume at $35.02 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $1.80 between high and low, or 5.15%. For the last week the stock has had daily average volatility of 3.54%.
Our recommended stop-loss: $35.48 (-3.19%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (FCBC) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect First Community Bancshares to open at $36.07, and during the day (based on 14 day Average True Range), to move between $35.65 and $37.65, which gives a possible trading interval of +/-$1.00 (+/-2.74%) up or down from last closing price. If First Community Bancshares takes out the full calculated possible swing range there will be an estimated 5.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $36.84 (0.52%) than the support at $35.02 (4.45%), 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 First Community Bancshares 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 Community Bancshares stock to perform well in the short-term.
Current score: 3.087 Buy Candidate Unchanged
Predicted Opening Price for First Community Bancshares of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $36.07 ( 1.58%) | $36.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FCBC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 37.87 | 3.32% |
| R2 | 37.18 | 1.45% |
| R1 | 36.76 | 0.293% |
| Price | 36.65 | |
| S1 | 35.39 | -3.45% |
| S2 | 34.96 | -4.61% |
| S3 | 34.28 | -6.48% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 36.84 | 0.518% |
| Price | 36.65 | |
| S1 | 35.02 | -4.45% |
| S2 | 34.69 | -5.35% |
| S3 | 33.48 | -8.65% |
FCBC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | May 09, 2024 | May 24, 2024 | $0.290 | 0.84% |
| 2 | Jan 23, 2024 | Feb 08, 2024 | Feb 23, 2024 | $0.290 | 0.90% |
| 3 | Oct 24, 2023 | Nov 09, 2023 | Nov 24, 2023 | $0.290 | 0.86% |
| 4 | Jul 25, 2023 | Aug 10, 2023 | Aug 25, 2023 | $0.290 | 0.94% |
| 5 | Apr 25, 2023 | May 11, 2023 | May 26, 2023 | $0.290 | 1.06% |
FAQ
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