First Community Bancshares Stock Forecast
Green day on Friday for First Community Bancshares stock after gaining 0.0597%
(Updated on Apr 26, 2024)
The First Community Bancshares stock price gained 0.0597% on the last trading day (Friday, 26th Apr 2024), rising from $33.49 to $33.51. During the last trading day the stock fluctuated 1.61% from a day low at $33.17 to a day high of $33.70. The price has risen in 6 of the last 10 days and is up by 4.92% over the past 2 weeks. Volume fell on the last day by -11 thousand shares and in total, 16 thousand shares were bought and sold for approximately $520.61 thousand. 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 middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.34% during the next 3 months and, with a 90% probability hold a price between $29.93 and $33.10 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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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 $33.09 and $32.84. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 6.11%. Further rise is indicated until a new top pivot has been found. 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. 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 $32.46 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 $0.535 between high and low, or 1.61%. For the last week the stock has had daily average volatility of 2.03%.
Our recommended stop-loss: $32.20 (-3.91%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (FCBC) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect First Community Bancshares to open at $33.46, and during the day (based on 14 day Average True Range), to move between $32.70 and $34.32, which gives a possible trading interval of +/-$0.81 (+/-2.43%) up or down from last closing price. If First Community Bancshares takes out the full calculated possible swing range there will be an estimated 4.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $34.51 (2.98%) than the support at $32.46 (3.13%), 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?
First Community Bancshares 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.
Current score: -0.329 Hold/Accumulate Unchanged
Predicted Opening Price for First Community Bancshares of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$33.46 ( 0.154%) | $33.51 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 33.99 | 1.44 % | |
R2 | 33.79 | 0.83 % | ||
R1 | 33.66 | 0.456 % | ||
Current price: | 33.51 | |||
Support | S1 | 33.25 | -0.764 % | |
S2 | 33.13 | -1.14 % | ||
S3 | 32.92 | -1.75 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 36.41 | 8.65 % | |
R2 | 34.62 | 3.31 % | ||
R1 | 34.51 | 2.98 % | ||
Current price | 33.51 | |||
Support | S1 | 32.46 | -3.13% | |
S2 | 32.36 | -3.43% | ||
S3 | 31.99 | -4.54% |
FCBC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 09, 2024 | May 09, 2024 | May 24, 2024 | $0.290 | 0.87% |
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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