First Community Bancshares stock downgraded to Sell Candidate
(Updated on Dec 03, 2021)
Sell candidate since 2021-12-03 PDF
The First Community Bancshares stock price fell by -1.30% on the last day (Friday, 3rd Dec 2021) from $33.92 to $33.48. During the day the stock fluctuated 1.78% from a day low at $33.15 to a day high of $33.74. The price has been going up and down for this period, and there has been a -3.77% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -11 thousand shares and in total, 23 thousand shares were bought and sold for approximately $766.12 thousand.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $32.89 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 16.52% during the next 3 months and, with a 90% probability hold a price between $38.32 and $43.38 at the end of this 3-month period.
Signals & Forecast
There are few to no technical positive signals at the moment. The First Community 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 $33.63 and $33.66. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, November 23, 2021, and so far it has fallen -8.60%. Further fall is indicated until a new bottom pivot has been found. 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.
Support, Risk & Stop-loss
First Community Bancshares finds support from accumulated volume at $32.70 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 $0.59 between high and low, or 1.78%. For the last week the stock has had a daily average volatility of 3.52%.
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is First Community Bancshares stock A Buy?
The First Community Bancshares stock holds several negative signals and despite the positive trend, we believe First Community Bancshares will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. 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 Sell candidate.
Current score: -3.070
Predicted Opening Price for First Community Bancshares of Monday, December 6, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price December 6, 2021||Current price|
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Piper Sandler is very positive about FCBC and gave it a "Neutral - Overweight" rating on Feb 03, 2021. The price target was changed from $25.00 to $28.00.
FCBC Insider Trading
|Dec 02, 2021||Sell||4 907||Davis C William||STOCK OPTION|
|Dec 02, 2021||Buy||4 907||Davis C William||COMMON STOCK|
|Nov 26, 2021||Buy||11 702||Stafford William P Ii||STOCK OPTION|
|Nov 26, 2021||Sell||2 791||Stafford William P Ii||COMMON STOCK|
|Nov 26, 2021||Buy||3 958||Sarver M Adam||STOCK OPTION|
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